Description
Book SynopsisThe Economics of Restructuring and Intervention carries forward the work of Marx, Kalecki, Keynes and Kaldor in analysing questions of growth, distribution and government intervention. It will be essential reading for all those wishing to understand the massive economic and political shifts as we enter the 1990s - the globalization of markets and production, continued growth of the Third World and East European debt, the emerging digital economy. Political debates thrown up by these economic, industrial and technological developments are subject to rigorous scrutiny and critique - from the employment effects of wage cuts to the calls for ‘supply side socialism’.
Table of ContentsContents: Introduction Part I: The Global Economy 1. The Modern Dialectic: Ideology and Economic Reality (John Kenneth Galbraith) 2. The Economic Instability of the 1980s (Ferdinando Targetti) 3. East European Debt: A Comparative Perspective (Hans van Zon) Part II: Kalecki and Kaldor 4. Kalecki and Kaldor on Development Finance (Laurence Harris) 5. Kaldor's Vision of the Growth and Development Process (A.P. Thirlwall) 6. Analysing the Operation of Market Economies in the Spirit of Kaldor and Kalecki (Malcolm C. Sawyer) Part III: Wages and Prices 7. The Search for a 'Stylised Fact' of Cyclical Wages (Jonathan Michie) 8. Efficiency Wages: Mark-up Pricing and Effective Demand (Peter Skott) 9. The Economic of Shortage: A Post-Kaleckian Approach (Malcolm C. Sawyer) Part IV: Supply Side Socialism 10. Industrial Restructuring and Public Intervention (Nicholas Costello, Jonathan Michie and Seumas Milne) 11. Supply Side Socialism in the UK: A Post-Keynesian Perspective (Philip Arestis)
