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Growth, Distribution and Effective Demand: Alternatives to Economic Orthodoxy book cover

1st Edition

Growth, Distribution and Effective Demand Alternatives to Economic Orthodoxy

By George Argyrous, Gary Mongiovi Copyright 2004
    374 Pages
    by Routledge

    374 Pages
    by Routledge
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    Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.

    Preface; Part I. Growth, Distribution and Technical Change; 1. Transformational Growth, Interest Rates, and the Golden Rule, Marc Lavoie, Gabriel Rodriguez, and Mario Seccareccia; 2. Transformational Growth and the Changing Nature of the Business Cycle, Korkut A. Erturk; 3. A Classical Alternative to the Neoclassical Growth Model, Thomas R. Michl and Duncan K. Foley; 4. Wealth in the Post-Keynesian Theory of Growth and Distribution, Neri Salvadori; 5. Transformational Growth and the Universality of Technology, Ross Thomson; 6. Growth, Productivity, and Employment: Consequences of the New Information and Communication Technologies in Germany and the US, Harald Hagemann and Stephan Seiter; 7. Educational Insights from Edward Nells Theory of Transformational Growth, Thomas F. Phillips; Part II. Money, Employment and Effective Demand; 8. Labor Market Dynamics within Rival Macroeconomic Frameworks, Anwar Shaikh; 9. Has the Long-Run Phillips Curve Turned Horizontal? Craig Freedman, Geoff Harcourt, and Peter Kriesler; 10. Simulating an Employer of Last Resort Program, Raymond Majewski; 11. Disabled Workers or Disabled Labor Markets? Causes and Consequences, George Argyrous and Megan Neale; 12. Interest Rates, Effective Demand, and Financial Fragility: Edward Nell and the Trieste Tradition, Louis-Philippe Rochon and Matias Vernengo; 13. Sraffa in the City: Exploring the Urban Multiplier, Gary A. Dymski; 14. Elements of Historical Macroeconomics, Thorsten Block; Part III. Theory, Method and the History of Ideas; 15. Thorstein Veblen and the Machine Process Geoffrey M. Hodgson; 16. Is There a Classical Theory of Supply and Demand? David Laibman; 17. The Capital Controversy, Stability, and the Income Effect, Susan I. Pashkoff; 18. Cumulative Causation a la Lowe: Radical Endogeneity, Methodology, and Human Intervention, Mathew Forstater; 19. The Epistemological Status of Economic Propositions, Gary Mongiovi; 20. On Some Criticisms of Ricardos Discussion of Agricultural Improvements, Christian Gehrke and Heinz D. Kurz

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    George Argyrous, Gary Amongiovi

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