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Edward Elgar Publishing
Distribution and Growth after Keynes

Distribution and Growth after Keynes

by Eckhard HeinEckhard Hein


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This book offers an assessment of theories of distribution and growth after Keynes. It presents an overview of the main contributions with a particular focus on the development of post-Keynesian/Kaleckian models.

In the first part of the book, Eckhard Hein presents a comprehensive overview of the main approaches towards distribution and growth including the contributions of Harrod and Domar, old and new neoclassical theories including the fundamental capital controversy critique, the post-Keynesian contributions of Kaldor, Pasinetti, Thirlwall and Robinson, and finally the approaches by Kalecki and Steindl. In the second part of the book neo- and post-Kaleckian models are gradually developed, introducing saving from wages, international trade, technological progress, interest and credit. Issues of ‘financialisation’ are also explored and empirical results related to the different models are presented.

This unique book is designed for courses in distribution and growth in graduate programmes or at the advanced undergraduate level. It can also be used as supplementary reading for classes in macroeconomics. The book should also be of value for researchers interested in issues of distribution and growth.

Product Details

ISBN-13: 9781783477289
Publisher: Edward Elgar Publishing
Publication date: 12/14/2014
Edition description: New Edition
Pages: 576
Product dimensions: 6.20(w) x 9.30(h) x 1.40(d)

About the Author

Eckhard Hein, Professor, The Institute for International Political Economy (IPE), Berlin School of Economics and Law, Germany

Table of Contents

Contents: 1. Introduction 2. From Keynes to Domar and Harrod: Considering the Capacity Effect of Investment and an Attempt at Dynamic Theory 3. Neoclassical DIstribution and Growth Theory: Old and New – and a Critique 4. Post-Keynesian Distribution and Growth Theories I: Kaldor, Pasinetti, Thirlwall and Robinson 5. Post-Keynesian Distribution and Growth Theories II: Kalecki and Steindl 6. The Basic Kaleckian Distribution and Growth Models 7. Extending Kaleckian Models I: Saving out of Wages and Open Economy Issues 8. Extending Kaleckian Models II: Technical Progress 9. Extending Kaleckian Models III: Interest and Credit 10. Extending Kaleckian Models IV: Finance-dominated Capitalism 11. The Kaleckian Models and Classical, Marxian and Harrodian Critique 12. Conclusions Appendix References Index

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