Keynes and the Cambridge Keynesians : a 'revolution in economics' to be accomplished / Luigi L. Pasinetti.

Format:

Book

Author/Creator:

Pasinetti, Luigi L.

Series:

Federico Caffè lectures

Language:

English

Subjects (All):

Keynes, John Maynard, 1883-1946.

Keynes, John Maynard.

Keynesian economics.

Keynesian economics--History.

Economists--Biography.

Economists.

History.

Genre:

Biographies.

Physical Description:

xxiii, 384 pages : illustrations ; 22 cm.

Place of Publication:

Cambridge : Cambridge University Press, 2007.

Summary:

Keynes and the Cambridge Keynesians traces the historical development of Keynesian economics.

Contents:

Book 1 Keynes's Unaccomplished Revolution The Federico Caffe Lectures, 1995: A Note on Federico Caffe 2

I A decision to break with orthodoxy 3

2 Alternative interpretations 4

3 To 'revolutionise the way the world thinks about economic problems' 6

4 A review of a well-established chronology of events 8

5 The principle of effective demand 13

6 Scientific revolutions and alternative paradigms 16

7 Keynes's break with orthodoxy 21

II The 'revolution' after Keynes 25

2 1936 27

3 'Bastard' Keynesianism (or neoclassical synthesis?) 29

4 The Cambridge School of Keynesian Economics 33

5 Difficulties with absorbing odd facts (notably unemployment) into the 'normal-science' process of orthodox economics 41

6 Post-Keynesians, neo-Ricardians, evolutionists, institutionalists and others 44

Book 2 The Cambridge School of Keynesian Economics: Prelude: the pupils of the first hour 59

III Richard Ferdinand Kahn (1905-1989) Co-author of The General Theory? 65

1 Biographical essentials 65

2 Kahn in the Cambridge Keynesian setting 65

3 Life and scientific contributions 67

4 Kahn and Keynes's General Theory 78

5 Kahn and the Keynesian revolution 82

6 Scientific writings of R. F. Kahn 85

IV Joan Violet Robinson (1903-1983) The woman who missed the Nobel Prize for Economics 94

2 Basic biography 96

3 Distinctive traits of her intellectual personality 99

4 Her scientific achievements 102

5 Selected works of Joan Robinson 114

V Nicholas Kaldor (1908-1986) Growth, income distribution, technical progress 116

1 The man 116

2 Basic biography 119

3 Kaldor's major contributions to economics 121

4 Political activity 128

5 Kaldor and Keynes 129

6 Selected works of Nicholas Kaldor 130

VI Piero Sraffa (1898-1983) The critical mind 134

VI.1 A brief bio-bibliographical sketch 136

1 Biography 136

2 Returns to scale, costs and value 140

3 The edition of Ricardo's Works 141

4 Production of Commodities 142

5 The principal works of Piero Sraffa 145

VI.2 An Italian economist at Cambridge 147

1 Preamble 147

2 1926: a new rising star 148

3 Piero Sraffa's education as an economist 151

4 First contacts with Keynes 153

5 The beginning of a university career 155

6 Sraffa's personal relationships 156

7 Friendships: Mattioli, Gramsci, Wittgenstein 157

8 Sraffa and Keynes 160

9 A superb critic 165

10 Sraffa and Keynes's pupils 166

11 The Cambridge Keynesian group 169

VI.3 Continuity and change in Piero Sraffa's thought 172

1 Premise 172

2 Evolution in Piero Sraffa's thought 173

3 A personal immersion into Sraffa's papers 174

4 A few hints at the Sraffa archives subdivisions 176

5 Three streams of thought 178

6 An impossibly grand research programme 181

7 What fraction of the original programme? 185

8 Final remarks (or Sraffa versus Keynes?) 191

Appendix - selected documents from Sraffa's unpublished papers 194

Interlude: unwise behaviour 199

VII Richard Murphey Goodwin (1913-1996): The missed Keynes-Schumpeter connection 205

2 Basic biography 208

3 Intellectual landmarks 208

4 A Cambridge enigma 210

5 Italian renaissance 211

6 A puzzling halt in Goodwin's economics creativity: Cambridge problem? 212

7 Selected works of Richard Goodwin 215

Postlude: fighting for independence 217

Book 3 Towards a production paradigm for an expanding economy

VIII Beyond neoclassical economics 249

1 Two connected 'revolutions' 249

2 The historical background of economic analysis 250

3 From mercantilism to neoclassicism 255

4 Methodological reductionism of neoclassical economics 263

5 The ideal task of Keynesian economics 269

IX The stage of pure economic theory 274

1 A separation theorem 274

2 The simplest version of the 'natural' economic system 279

3 A succinct presentation of the model 281

4 Normative properties 296

5 On completing the 'natural' economic system 302

X The stage of institutional investigation 305

1 The role of institutions 305

2 The institutional problem facing the challenge of history 308

3 Disillusionment with extreme solutions and elusiveness of a 'third way' 314

4 The separation theorem revisited 323

XI Back to the future of the Keynesian revolution 329

1 Recollection 329

2 The generalising drive of the production (and learning) paradigm 331

3 On monetary theory and policy 334

4 Main sources of unsolved institutional problems 338

5 Clash of the institutional implications of different paradigms 348

6 The rationale behind conflicting institutional directions 353

7 Innovative features: learning as a human right and free communication of achieved knowledge as a social duty 356

8 An international claim for a resumption of Keynes's revolution in economics 358.

Notes:

Includes bibliographical references and index.

ISBN:

9780521872270

0521872278

OCLC:

123113788

Online:

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