This unique book focuses on the central issues in macroeconomics - examining some of the lively theoretical controversies troubling contemporary economists - in order to establish a genuine basis for communication between the alternative theoretical traditions.The past two decades have witnessed the emergence of several competing approaches to macroeconomic analysis: post Keynesian economics, Kaleckian analysis, neo-Ricardian theory, the neo-Austrian school, the Rational Expectations School etc. This book presents new work by 14 respected economists from nine different countries who address a series of unresolved yet well-defined issues in monetary theory and policy, market structure and accumulation, and problems of effective demand and the theory of distribution. The main purpose of Macroeconomic Theory is to identify areas of common ground among the various theoretical approaches. The excitement of that dialogue and the intellectual vitality generated are captured for the reader in a volume that will be essential for an understanding of modern macroeconomic theory.

Analyzing Sraffa, one of the key figures in the history of economics, this book explores his legacy and the relevance of his thought for modern economics. Written by an array of internationally respected contributors, including Schefold, Aspromourgos, Nell and Kurz it is an invaluable tool for all those studying the history of economic thought.

Subjectivism plays a fundamental role in many of the leading alternative schools in economics. This work explores major methodological issues in the area of radical subjectivism and includes contributions from Jorg Bibow, Peter Boettke, Maurizio Caserta, Steven Horwitz, Brian J. Loasby, Steven Parsons, Steve Sullivan and Carlo Zappia.

This book explores some of the most important themes in neo-Ricardian economics. It explores the many contributions of Pierangelo Garengnani to modern economics, including his work in capital theory, the theory of effective demand and stability analysis. Contributors include Paul Samuelson, John Eatwell, Murray Milgate, Edward Nell, Alessandro Roncaglia and Ian Steedman.

Analyzing Sraffa, one of the key figures in the history of economics, this book explores his legacy and the relevance of his thought for modern economics. Written by an array of internationally respected contributors, including Schefold, Aspromourgos, Nell and Kurz it is an invaluable tool for all those studying the history of economic thought.

Analyzing Sraffa, one of the key figures in the history of economics, this book explores his legacy and the relevance of his thought for modern economics. Written by an array of internationally respected contributors, including Schefold, Aspromourgos, Nell and Kurz it is an invaluable tool for all those studying the history of economic thought.

Series Information:
Routledge Studies in the History of Economics

Edited by three very well known academics in the field and contributed to by John Smithin, Laurence Moss and G. C. Harcourt, this volume reflects the breath of the honouree's interests and as such it covers a wide range of topics including political economy, labour economics, history of economic thought and macroeconomics.

Ingrid Rima, one of the first women to teach economics in America, has been a major figure in the development of Post-Keynesian economics over the past forty years. Rima has made numerous contributions to the fields of labour economics, history of economic thought, and Post Keynesian economic theory and in this volume the editors and contributors recognize them.

Edited by three very well known academics in the field and contributed to by John Smithin, Laurence Moss and G. C. Harcourt, this volume reflects the breath of the honoureea (TM)s interests and as such it covers a wide range of topics including political economy, labour economics, history of economic thought and macroeconomics.

Ingrid Rima, one of the first women to teach economics in America, has been a major figure in the development of Post-Keynesian economics over the past forty years. Rima has made numerous contributions to the fields of labour economics, history of economic thought, and Post Keynesian economic theory and in this volume the editors and contributors recognize them.

Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.

Contents:
1. Introduction Gary Mongiovi Part 1. The Critique of Neoclassical Theory 2. Professor Hahn on the 'Neo-Ricardian' Criticism of Neo Classical Economics Fabio Petri 3. Classical and Neoclassical Short-Run Prices: A Comparative Analysis of Their Intended Empirical Content Roberto Ciccone 4. Some Deficiencies of Walrasian General Equilibrium John Eatwell and Murray Milgate Part 2. Classical Political Economy and Its Relation to Marginalism 5. From Utilitarianism to Marginal Utility Alessandro Roncaglia 6. Jacques Savary and the Commerical Knowledge of Commodities Bertram Schefold 7. From Classical Rent Theory to Marginal Productivity Theory: The Works of F.B. Hermanna and J.H. von Thunen Heinz D. Kurz 8. Social Accounting in Adam Smith Fernando Vianello 9. The Notion of Subsistence Wage in Pre-Smithian Classical Political Economy Tony Aspromourgos and Peter Groenewegen 10. Ricardo and the Wages Fund Antonella Stirati 11. The Special Thing I learned from Sraff Paul A. Samuelson Part 3. Accumulation and Technical Change in the Light of the Surplus Approach 12. New and Old Neoclassical Growth Theory: A Critical Assessment Sergio Cesaratto 13. Wicksell after Sraffa: 'Capital Arbitrage' and 'Normal' Rates of Growth, Interest and Profits Edward J. Nell Part 4 Issues in the Theory Production 14. Transferable Machines with Uniform Efficiency Paths Neri Salvadori^n 15. Vertical Integration and 'Reduction to Dated Quantities of Labour Ian Steedman Part 5. The Surplus Approach and Economic Policy 16. High Public Debt and Inflation: On the Disciplinary View of EMU Massimo Pivetti 17. The Government Sector in Post Keynesian Theory of Growth and Personal Distribution Carlo Panico

Subjectivism plays a fundamental role in many of the leading alternative schools in economics. This work explores major methodological issues in the area of radical subjectivism and includes contributions from Jorg Bibow, Peter Boettke, Maurizio Caserta, Steven Horwitz, Brian J. Loasby, Steven Parsons, Steve Sullivan and Carlo Zappia.