Description
Book SynopsisThis thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions.
The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory. There are 41 entirely new entries, marking the emergence of a new generation of Post Keynesian scholars. The central issues that were dealt with in the first edition remain at the core of the book, but much more attention is paid in this second edition to financial markets, to Post Keynesian economics outside its traditional Anglo-American heartland and to gender issues and environmental policy.
Including major theoretical, methodological and policy issues in Post Keynesian economics, this enriching Companion will strongly appeal to postgraduate and advanced undergraduate students in economics as well as related social science disciplines including international political economy, international relations, politics, public policy and sociology.
Contributors: A. Altuzarra, P. Arestis, T. Asada, A. Barba, T. Baskoy, J. Bibow, S. Blankenburg, R.A. Blecker, H. Bloch, A. Brown, D. Bunting, F.J. Cardim de Carvalho, V. Chick, J. Cornwall, W. Cornwall, J. Courvisanos, C. Danby, F. Dantas, P. Davidson, L.F. De Paula, D. Dequech, S.C. Dow, P. Downward, S. Dullien, S.P. Dunn, A.K. Dutt, S. Fazzari, F. Ferrari-Filho, B. Fine, G. Fontana, M. Forstater, G. Fujii, R. Garnett, B. Gerrard, M. Glickman, G.C. Gu, G.C. Harcourt, J.T. Harvey, M. Hayes, E. Hein, J.F. Henry, G. Hewitson, M.C. Howard, P. Howells, T. Jefferson, J. Jespersen, T.-H. Jo, D.W. Katzner, S. Keen, S. Kelton, J.E. King, P. Kriesler, M. Lavoie, J. Leclaire, F.S. Lee, J. Lodewijks, M.C. Marcuzzo, J.S.L. McCombie, E.J. McKenna, A. Mearman, J. Melmiès, W. Mitchell, G. Mongiovi, T. Mott, T. Mouakil, Y. Nersisyan, J.W. Nevile, T. Niechoj, R. O'Donnell, P.A. O'Hara, A. Pacella, T.I. Palley, G. Palma, C. Panico, S.D. Parsons, N. Perry, M. Pivetti, R. Pollin, S. Pressman, J. Priewe, A. Razmi, R. Realfonzo, C. Rider, L.-P. Rochon, C.J. Rodríguez-Fuentes, S. Rossi, C. Sardoni, M. Sawyer, R.H. Scott III, M. Setterfield, N. Shapiro, H.J. Sherman, P. Skott, J. Smithin, E. Stockhammer, R. Studart, P.R. Tcherneva, A.P. Thirlwall, Z. Todorova, J. Toporowski, G. Tortorella Esposito, A.B. Trigg, É. Tymoigne, L. Ussher, T. Van Treeck, A. Vercelli, M. Vernengo, M. Watts, E. Webster, A. Winnett, M.H. Wolfson, L.R. Wray, D.C. Zannoni
Trade Review‘The Elgar Companion to Post Keynesian Economics is a comprehensive guide to economic analyses in the tradition of Keynes and the so-called Cambridge (UK) school of economics. The coverage of themes and different theoretical orientations within Post Keynesianism is remarkable and the quality of the various entries is impressive. John King's invisible hand is responsible for a minimum of overlaps and an optimum in quality and comprehensibility. This book has already proved to be of interest to a wide range of economists and can be expected to continue to do so for a long time to come.’ -- Heinz D. Kurz, University of Graz, Austria
The effort that has been put for the publication of this book is highly meritorious and it can be considered a complete encyclopedia of the current status of the scientific research in the tradition of Keynes. . . Many of the issues contained in this book provide an interesting re-reading of authors of the past and, in this sense, it is recommendable also for historians of political economy.’ -- Guglielmo Forges Davanzati, Oeconomia
Table of ContentsContents: Introduction 1. Agency Edward J. McKenna and Diane C. Zannoni 2. Australia J.E. King 3. Austrian School of Economics Stephen D. Parsons 4. Babylonian Mode of Thought Sheila C. Dow 5. Balance-of-Payments-Constrained Economic Growth John S.L. McCombie 6. Banking Gillian Hewitson 7. Bastard Keynesianism John Lodewijks 8. Behavioural Economics Therese Jefferson and J.E. King 9. Brazil Luiz Fernando de Paula and Fernando Ferrari-Filho 10. Bretton Woods Matías Vernengo 11. Budget Deficits Joëlle Leclaire 12. Business Cycles Peter Skott 13. Cambridge Economic Tradition G.C. Harcourt 14. Capital Theory Ben Fine 15. Central Banks Fernando J. Cardim de Carvalho 16. Chartalism Sergio Rossi 17. Choice under Uncertainty Victoria Chick and Sheila C. Dow 18. Circuit Theory Riccardo Realfonzo 19. Competition Nina Shapiro 20. Consumer Debt Robert H. Scott, III 21. Consumer Theory Marc Lavoie 22. Consumption David Bunting 23. Conventions David Dequech 24. Credit Rationing Martin H. Wolfson 25. Critical Realism Andrew Brown 26. Development Finance Rogério Studart 27. Econometrics Paul Downward 28. Economic Development Stephanie Blankenburg and Gabriel Palma 29. Economic Policy Malcolm Sawyer 30. Effective Demand Mark Setterfield 31. Efficient Markets Hypothesis Mark Hayes 32. Employer of Last Resort Pavlina R. Tcherneva 33. Employment Engelbert Stockhammer 34. Environmental Economics Adrian Winnett 35. Environmental Policy Neil Perry 36. Equilibrium and Non-equilibrium Donald W. Katzner 37. Exchange Rates John T. Harvey 38. Expectations Éric Tymoigne 39. Export-led Growth Arslan Razmi 40. Financial Instability Hypothesis Louis-Philippe Rochon 41. Financial Markets Jörg Bibow 42. Financial Reform Aldo Barba 43. Financialization Till Van Treeck 44. Fiscal Policy J.W. Nevile 45. Full Employment William Mitchell and Martin Watts 46. Fundamentalist Keynesians Bill Gerrard 47. Galbraith’s Economics Stephen P. Dunn 48. Gender Colin Danby 49. Germany and Austria Torsten Niechoj 50. Global Financial Crisis Stephanie Blankenburg 51. Growth and Income Distribution Carlo Panico 52. Growth Theory Steve Keen 53. Households Zdravka Todorova 54. Income Distribution Thomas I. Palley 55. Inflation John Smithin 56. Innovation Jerry Courvisanos 57. Institutionalism Steven Pressman 58. International Economics Robert A. Blecker 59. International Financial Reform Leanne Ussher 60. Investment Tracy Mott 61. Italy Andrea Pacella and Guido Tortorella Esposito 62. Japan Toichiro Asada 63. Joan Robinson’s Economics Maria Cristina Marcuzzo 64. Journal of Post Keynesian Economics Phillip Anthony O’Hara 65. Kaldorian Economics A.P. Thirlwall 66. Kaleckian Economics Jan Toporowski 67. Keynes’s General Theory Paul Davidson 68. Keynes’s Treatise on Money Giuseppe Fontana 69. Keynes’s Treatise on Probability Rod O’Donnell 70. Latin American Structuralism Gerardo Fujii 71. Liquidity Preference Stephanie Kelton (née Bell) 72. Macroeconomic Methodology Jesper Jespersen 73. Marginalism Harry Bloch 74. Market Governance Tuna Baskoy 75. Microfoundations Steven Fazzari 76. Monetary Policy Peter Howells 77. Money L. Randall Wray 78. Money Manager Capitalism Yeva Nersisyan 79. Multiplier Andrew B. Trigg 80. New Classical Economics Alessandro Vercelli 81. New Keynesian Economics Wendy Cornwall 82. New Neoclassical Synthesis Sebastian Dullien 83. Non-ergodicity Stephen P. Dunn 84. Open Systems Andrew Mearman 85. Pluralism in Economics Rob Garnett 86. Price Rigidity Jordan Melmiès 87. Prices and Pricing Gyun Cheol Gu and Frederic S. Lee 88. Production Amitava Krishna Dutt 89. Profits Elizabeth Webster 90. Rate of Interest Massimo Pivetti 91. Regional Monetary Policy Carlos J. Rodríguez-Fuentes 92. Saving Robert Pollin 93. Say’s Law Claudio Sardoni 94. Socialism Howard J. Sherman 95. Sraffian Economics Gary Mongiovi 96. Stagflation Mark Setterfield and John Cornwall 97. Stock–Flow Consistent Modelling Tarik Mouakil 98. Sustainable Development Jerry Courvisanos 99. Technology and Innovation Amaia Altuzarra 100. Time in Economic Theory John F. Henry 101. Time-series Econometrics Flavia Dantas 102. Tobin Tax Philip Arestis 103. Transition Economies Christine Rider 104. Traverse Peter Kriesler 105. Uncertainty Murray Glickman 106. Underconsumption J.E. King 107. Unemployment Mathew Forstater 108. University of Missouri–Kansas City Frederic S. Lee 109. Wage Deflation Jan Priewe 110. Wage- and Profit-led Regimes Eckhard Hein 111. Walrasian Economics M.C. Howard 112. Welfare Economics Tae-Hee Jo Index
