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Post-Keynesian Growth Theory - Selected Essays (Hardcover)
Loot Price: R4,089
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Post-Keynesian Growth Theory - Selected Essays (Hardcover)
Series: New Directions in Post-Keynesian Economics series
Expected to ship within 12 - 17 working days
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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.
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