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1 Citation - Distinguished Alumni Award Emeritus Professor Geoffrey Harcourt AO Emeritus Professor Geoffrey Harcourt AO is a nationally and internationally renounced Australian academic economist who is a leading member of the Post Keynesian school. Following receipt of his initial Bachelor and Masters of Commerce qualifications from the University of Melbourne in 1954 and 1956, Geoffrey Harcourt was awarded a Masters of Economics (ad eundem gradum) by the University of Adelaide in 1959 and a PhD from the University of Cambridge. He started his lectureship at the University of Adelaide in 1958 and was appointed Chair of Economics from 1967 to 1985. He was a University Lecturer from 1982–90 and Reader in the Faculty of Economics at Cambridge from 1990– 98 and a Fellow and College Lecturer in Economics, Jesus College, Cambridge from1982–98, and was President of Jesus College Cambridge from 1988–1992. In a career spanning over 60 years, Geoffrey Harcourt has shaped the landscape of the economic theories of John Maynard Keynes, Joan Robinson and other Cambridge economists. He is also acknowledged for significant contributions in his own right to post-Keynesian and post-Kaleckian economic thought. Geoff has produced intellectual biographies of a number of leading Economists ‘with the specific intention to raise the humanity and vitality of economics'. He has published numerous applied articles on the Australian economy and played an important role in policy debates through many media interviews over several decades and has written more than 20 books on economic theories, Post Keynesianism, Political Economy and their social significance. Professor Harcourt is a Fellow of the Academy of Social Sciences in Australia and in the United Kingdom, and Officer of the Order of Australia for his service to Economic Theory and to the History of Economic Thought. He is a Distinguished Fellow of the Economic Society of Australia, the History of Economics Society 2 USA, the European Society for the History of Economics Thought and the History of Economic Thought Society of Australia. He was the 2010 Joint Veblen – Commons Awardee of the Association for Evolutionary Economics USA. The University of Adelaide also celebrates Geoff’s outstanding contribution to the University through the establishment of the Geoff Harcourt Visiting Professorship, which annually invite a global leader in a field of economics to share their knowledge and experience not only with economic and business students and staff, but also with the business community. In Geoff’s distinguished career, he has been acknowledged by the receipt of an extremely large number of other honours from throughout the world. In recognition of his outstanding leadership and contribution nationally and internationally in the field of Economics Vice-Chancellor, I present to you: Emeritus Professor Geoffrey Harcourt AO, A fit and proper recipient of the Distinguished Alumni Award .

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The Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers G. C. Harcourt* Abstract: This paper summarises the key elements of Geoffrey Harcourt’s (2006) book of the same title. Special emphasis is given to the contribution of the Cambridge pioneers, such as John Maynard Keynes, Richard Kahn, Joan Robinson, Nicholas Kaldor, Michal Kalecki, Richard Goodwin, Piero Sraffa, Luigi Pasinetti, and Dennis Robertson. The objective of their approaches is to comprehend the dynamics of an advanced capitalist economy, particularly in the context of a monetary system of production. Here, investment leads and saving follows, while the marginal propensity to save of capitalists is greater than that of workers. The economic surplus is produced in the consumption goods sector, and utilised in the capital goods sector. Mark-up pricing is important for the determination of the surplus, as is the trade off between profit-margins and sales. Kalecki’s principle of increasing risk plays a role in the cyclical dynamics, as does the two-sided relationship between profitability and accumulation. The prevailing business climate is important in determining future expectations, while endogenous money and credit help to finance investment. Growth is thus endogenous in these models of finance, accumulation and profit, while potential conflict plays a role in the pricing and investment decisions and in the process of inflation. A general policy vision emanates from these foundations. 1 Introduction I start, first, by thanking the original inhabitants of the land on which we are now meeting for their courtesy in having us as their guests. Secondly, I must apologise to Peter Groenewegen and John King as they have already heard me talking on the present topic at the ESHET Conference in Porto in April 2006.
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