Post-Keynesian growth theory : selected essays / Marc Lavoie (Professor Emeritus, University of Ottawa, Canada, Professor Emeritus, University of Sorbonne Paris Nord (CEPN), France and FMM Fellow, Institut für Makrokonomie, Düsseldorf, Germany).

Format:

Book

Author/Creator:

Lavoie, M. (Marc), author.

Contributor:

Edward Elgar Publishing, publisher.

Series:

New directions in post-Keynesian economics

New directions in post-Keynesian economics series

Language:

English

Subjects (All):

Keynesian economics.

Economic development.

Distribution (Economic theory).

Genre:

Electronic books.

Physical Description:

1 online resource (448 pages).

Place of Publication:

Northampton : Edward Elgar Publishing, 2022.

Summary:

"Post-Keynesian Growth Theory is the second volume of Marc Lavoie's Selected Essays, and is a collection of 18 articles published between 1995 and 2020, on themes touching growth and distribution. The book contains an extended foreword by Eckhard Hein, and an introduction by Lavoie that recalls how he became attracted to post-Keynesian growth theory more than 45 years ago, and explains how and why this book came about. The collection includes a number of papers showing Lavoie's evolving approach to neo-Kaleckian models of growth and distribution, incorporating hysteresis, overhead labour, monetary issues, price inflation, as well as various sources of autonomous non-capacity creating expenditures. It shows how all of these interact with alternative Marxian or Sraffian approaches as well. A section of the book is also devoted to two-sector models, in particular the issue of the traverse from one equilibrium to another, extending the Kaleckian model but also providing insights into the works of Hicks and Pasinetti. Both professors and graduate students will benefit from the decades of experience and wisdom amassed and presented in Post-Keynesian Growth Theory"-- Provided by publisher.

Contents:

Contents: Foreword / Eckhard Hein

Introduction / Marc Lavoie

Part I. Basic Kaleckian models of growth and distribution

1. 'The Kaleckian model of growth and distribution and its Neo-Ricardian and Neo-Marxian critiques', Cambridge Journal Of Economics, 19 (6), December 1995, 789-818 2

2. 'Traverse, hysteresis, and normal rates of capacity utilization in Kaleckian models of growth and distribution', Review of Radical Political Economics, 28 (4), 1996, 113-47 32

3. 'Kaleckian effective demand and Sraffian normal prices: Towards a reconciliation', Review of Political Economy, 15 (1), January 2003, 53-74 67

4. 'Cadrisme within a post-Keynesian model of growth and distribution', Review of Political Economy, 21 (3), July 2009, 369-91 89

5. 'The origins and evolution of the debate on wage-led and profit-led regimes', European Journal Of Economics and Economic Policies: Intervention, 14 (2), 2017, 200-221. 112

6. 'Interest rates in post-Keynesian models of growth and distribution', Metroeconomica, 46 (2), June 1995, 146-77 134

7. 'The neo-Pasinetti theorem in Cambridge and Kaleckian models of growth and distribution', Eastern Economic Journal, 24 (4), Fall 1998, 419-36 166

8. 'Capacity utilization, inflation, and monetary policy: The Duménil and Lévy macro model and the new Keynesian consensus', with P. Kriesler, Review of Radical Political Economics, 39 (4), Fall 2007, 586-98 184

Part II. Kaleckian models with autonomous non-capacity creating expenditures

9. 'Convergence towards the normal rate of capacity utilization in Neo-kaleckian models: The role of non-capacity creating autonomous expenditures', Metroeconomica, 67 (1), 2016, 172-201 198

10. 'Long-run convergence in a Neo-kaleckian open-economy model with autonomous export growth', with W.J. Nah, Journal of Post Keynesian Economics, 40 (2), 2017, 223-38 228

11. 'Convergence in a Neo-kaleckian model with endogenous technical progress and autonomous demand growth', with W.J. Nah, Review of Keynesian Economics, 7 (3), September 2019, 275-91 244

12. 'The role of autonomous demand growth in a neo-Kaleckian conflicting- claims framework', with W.J. Nah, Structural Change and Economic Dynamics, 51, December 2019, 427-44 261

13. 'Overhead labour costs in a neo-Kaleckian growth model with autonomous non-capacity creating expenditures', with W.J. Nah, Review of Political Economy, 32 (4), 2020, 511-37 279

14. 'Trends and business cycles with external markets: Non-capacity generating semi-autonomous expenditures and effective demand', with B. Fiebiger, Metroeconomica, 70 (2), May 2019, 247-62. 306

Part III. Two-sector growth models

15. 'The Hicksian traverse as a process of reproportioning: Some structural dynamics', with J. Henry, Structural Change and Economic Dynamics, 8 (2), June 1997, 157-75 323

16. 'Pasinetti's vertically hyper-integrated sectors and natural prices', Cambridge Journal Of Economics, 21 (4), July 1997, 453-68 342

17. 'Traverse in a two-sector Kaleckian model of growth with target-return pricing', with P. Ramírez-Gastón, Manchester School of Economic and Social Studies, 65 (2), March 1997, 145-69 357

18. 'Demand-led growth and long-run convergence in a neo-Kaleckian two-sector model', with J.H. Kim, Korean Economic Review, 33 (1), Summer 2017, 179-206 382

Index.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781802206951 (e-book)

Access Restriction:

Restricted for use by site license.