Nicholas Kaldor and Mainstream Economics


Book Description

An examination of the role of Nicholas Kaldor within economics. Topics covered range from Kaldor's discovery of the Von Neumann input-output model, to cyclical growth in a Kaldorian model, to Nicholas Kaldor as advocate of commodity reserve currency.







Causes of Growth and Stagnation in the World Economy


Book Description

These lectures contain a masterful summing up of Nicholas Kaldor's critique of the foundations of mainstream economic theory. They provide a very clear account of his theoretical structures on regional differences, primary producers and manufacturers, and on differing market structures and the likely course of prices and quantities in different markets over time. The first four lectures are concerned with theory, history and explanation; the fifth consists of a detailed set of integrated policy proposals.







A History of Post Keynesian Economics Since 1936


Book Description

This text provides a history of the post Keynesian approach to economics since 1936. The author locates the origins of these economics in the conflicting interpretations of Keynes' General Theory and in the complementary work of Michael Kalecki.




Economic Ideas You Should Forget


Book Description

Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.




The Philosophy of Economics


Book Description

This volume, explores the nature of economics as a science, including classic texts and newer essays.




Nicholas Kaldor


Book Description

This book explores the life and work of Nicholas Kaldor, examining the influences that shaped and inspired his writings, and looks in detail at the crucial part he played in twentieth-century economics. Offering a comprehensive intellectual portrait of Kaldor, this book explains this great economist's importance in his own time and in ours.




The New Economics


Book Description

In 1517, Martin Luther nailed his 95 theses to the wall of Wittenberg church. He argued that the Church’s internally consistent but absurd doctrines had pickled into a dogmatic structure of untruth. It was time for a Reformation. Half a millennium later, Steve Keen argues that economics needs its own Reformation. In Debunking Economics, he eviscerated an intellectual church – neoclassical economics – that systematically ignores its own empirical untruths and logical fallacies, and yet is still mysteriously worshipped by its scholarly high priests. In this book, he presents his Reformation: a New Economics, which tackles serious issues that today's economic priesthood ignores, such as money, energy and ecological sustainability. It gives us hope that we can save our economies from collapse and the planet from ecological catastrophe. Performing this task with his usual panache and wit, Steve Keen’s new book is unmissable to anyone who has noticed that the economics Emperor is naked and would like him to put on some clothes.




Economics without Equilibrium


Book Description

This book contains lectures delivered at Yale University in October, 1983, in memory of Arthur M. Okun, showing how Lord Kaldor relates his own views of economic process to those of Okun, particularly the theory of markets set in Okun's magnum opus, Prices and Quantities, posthumously published.