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Post- Keynesian Economics THE OXFORD HANDBOOK OF POST- KEYNESIAN ECONOMICS VOLUME 1 THEORY AND ORIGINS Edited by G. C. HARCOURT and PETER KRIESLER OXFORDUNIVERSITY PRESS CONTENTS Preface IX Contributors XI Introduction I G. C. HARCOURT AND PETER KRIESLER 1. A Personal View of the Origins of Post-Keynesian Ideas in the History of Economics 45 JAN KREGEL 2. Sraffa, Keynes, and Post-Keynesianism HEINZ D. KURZ 3. Sraffa, Keynes, and Post-Keynesians: Suggestions for a Synthesis in the Making 74 RICHARD ARENA AND STEPHANIE BLANKENBURG 4. On the Notion of Equilibrium or the Center of Gravitation in Economic Theory 101 AJIT SINHA 5. Keynesian Foundations of Post-Keynesian Economics 122 PAUL DAVIDSON 6. Money 138 L. RANDALL WRAY 7. Post-Keynesian Theories of Money and Credit: Conflicts and (Some) Resolutions 152 VICTORIA CHICK AND SHEILA DOW 8. The Scientific Illusion of New Keynesian Monetary Theory 167 COLIN ROGERS VI CONTENTS 9. Single-Period Analysis and Continuation Analysis of Endogenous Money: A Revisitation of the Debate between Horizontalists and Structuralists 188 GIUSEPPE FONTANA 10. Post-Keynesian Monetary Economics, Godley-Like 203 MARC LAVOIE 11. Hyman Minsky and the Financial Instability Hypothesis 218 J. E. KING 12. Endogenous Growth: A Kaldorian Approach 231 MARK SETTERFIELD 13. Structural Economic Dynamics and the Cambridge Tradition 257 PRUE KERR AND ROBERTO SCAZZIERI 14. The Cambridge Post-Keynesian School of Income and Wealth Distribution 288 MAURO BARANZINI AND AMALIA MIRANTE 15. Reinventing Macroeconomics: What Are the Questions? 362 EDWARD J. NELL 16. Long-Run Growth in Open Economies: Export-Led Cumulative Causation or a Balance-of-Payments Constraint? 390 ROBERT A. BLECKER 17. Post-Keynesian Precepts for Nonlinear, Endogenous, Nonstochastic, Business Cycle Theories 415 K. VELA VELUPILLAI 18. Post-Keynesian Approaches to Industrial Pricing: A Survey and Critique 443 KEN COUTTS AND NEVILLE NORMAN 19. Post-Keynesian Price Theory: From Pricing to Market Governance to the Economy as a Whole 467 FREDERIC S. LEE 20. Kaleckian Economics 485 ROBERT DIXON AND JAN TOPOROWSKI CONTENTS VII 21. Wages Policy 510 J. E. KING 22. Discrimination in the Labor Market 523 PETER RIACH AND JUDITH RICH 23. Post-Keynesian Perspectives on Economic Development and Growth 539 PETER KRIESLER 24. Keynes and Economic Development 556 A. P. THIRLWALL 25. Post-Keynesian Economics and the Role of Aggregate Demand in Less-Developed Economies 568 AMITAVA KRISHNA DUTT Index 595 THE OXFORD HANDBOOK OF POST- KEYNESIAN ECONOMICS VOLUME 2 CRITIQUES AND METHODOLOGY Edited by G. C. HARCOURT and PETER KRIESLER OXFORD UNIVERSITY PRESS CONTENTS Preface vii Contributors ix Introduction 1 G. C. HARCOURT AND PETER KRIESLER 1. On the Microfoundations of Macroeconomics 45 S. ABU TURAB RIZVI 2. Post-Keynesian Economics, Rationality, and Conventions 62 THOMAS A. BOYLAN AND PASCHAL F. O'GORMAN 3. Methodology and Post-Keynesian Economics 80 SHEILA DOW 4. Post-Keynesian Perspectives on Some Philosophical Dimensions of Keynes's Economic Thinking 100 GAY MEEKS 5. Two Post-Keynesian Approaches to Uncertainty and Irreducible Uncertainty 124 ROD O'DONNELL 6. Interdisciplinary Applications of Post-Keynesian Economics 143 WYLIE BRADFORD 7. Post-Keynesian Economics, Critical Realism, and Social Ontology 162 STEPHEN PRATTEN 8. The Traverse, Equilibrium Analysis, and Post-Keynesian Economics 175 JOSEPH HALEVI, NEIL HART, AND PETER KRIESLER 9. A Personal View of Post-Keynesian Elements in the Development of Economic Complexity Theory and Its Application to Policy 198 J. BARKLEY ROSSER JR. VI CONTENTS 10. How Sound Are the Foundations of the Aggregate Production Function? 202 JESUS FELIPE AND J. S. L. MCCOMBIE 11. Marx and the Post-Keynesians 231 CLAUDIO SARDONI 12. Macroeconomics and the L-Shaped Aggregate Supply Curve 245 JAMES FORDER 13. A Post-Keynesian Perspective on the Rise of Central Bank Independence: A Dubious Success Story in Monetary Economics 265 JORG BIBOW 14. The Post-Keynesian Critique of the Mainstream Theory of the State and the Post-Keynesian Approaches to Economic Policy 290 RICHARD P. F. HOLT 15. A Modern Kaleckian-Keynesian Framework for Economic Theory and Policy 310 PHILIP ARESTIS AND MALCOLM SAWYER 16. Post-Keynesian Principles and Economic Policies 326 HEINRICH BORTIS 17. Post-Keynesian Distribution of Personal Income and Pay 366 JAMES K. GALBRAITH 18. Environmental Economics and Policy 391 NEIL PERRY 19. Theorizing about Post-Keynesian Economics in Australasia: Aggregate Demand, Economic Growth, and Income Distribution Policy 412 J. W. NEVILE AND PAUL DALZIEL 20. The Neoclassical Sink and the Heterodox Spiral: Why the Twin Global Crisis Has Not Transformed Economics 436 GARY A. DYMSKI 21. Keynesianism and the Crisis 458 LANCE TAYLOR Index 487 .
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