Details about Duncan K. Foley

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Homepage:	http://sites.google.com/a/newschool.edu/duncan-foley-homepage/home
Workplace:	Department of Economics, New School for Social Research, The New School, (more information at EDIRC)

Access statistics for papers by Duncan K. Foley.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pfo220

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Working Papers

2020

1. Three Comments on Storm “The Economics and Politics of Social Democracy: A Reconsideration”
   Working Papers Series, Institute for New Economic Thinking

2018

2. Demand Drives Growth all the Way
   Ecological Economic Papers, WU Vienna University of Economics and Business View citations (2)
   Also in SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2017)
   SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2016) View citations (4)

2017

3. Crisis and theoretical methods: equilibrium and disequilibrium once again
   Working Papers, New School for Social Research, Department of Economics View citations (2)
4. Economic Growth, Income Distribution, and Climate Change
   SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School
   Also in Ecological Economic Papers, WU Vienna University of Economics and Business (2017)
   See also Journal Article in Ecological Economics (2018)
5. Information theory and behavior
   Working Papers, New School for Social Research, Department of Economics View citations (1)
6. Lectures on the Foundations of Applied Statistical Inference
   Working Papers, New School for Social Research, Department of Economics
7. Maximum Entropy Estimation of Statistical Equilibrium in Economic Quantal Response Models
   Working Papers, New School for Social Research, Department of Economics View citations (4)
8. Socialist alternatives to capitalism I: Marx to Hayek
   Working Papers, New School for Social Research, Department of Economics
   See also Journal Article in Review of Evolutionary Political Economy (2020)
9. Socialist alternatives to capitalism II: Vienna to Santa Fe
   Working Papers, New School for Social Research, Department of Economics
   See also Journal Article in Review of Evolutionary Political Economy (2020)

2015

10. An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth*
    Ecological Economics Papers, Institute of Ecological Economics View citations (1)
    Also in Ecological Economic Papers, WU Vienna University of Economics and Business (2015) View citations (1)
    See also Journal Article in Ecological Economics (2016)

2014

11. Varieties of Keynesianism
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (3)
    See also Journal Article in International Journal of Political Economy (2014)

2013

12. The Social Cost of Carbon Emissions
    SCEPA policy note series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (31)

2011

13. Distribution and Capacity: Conceptual Issues and Empirical Evidence September
    Working Papers, New School for Social Research, Department of Economics
14. Dynamics of Output and Employment in the U.S. Economy
    Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst View citations (7)
    Also in UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics (2011) View citations (4)
    See also Journal Article in Cambridge Journal of Economics (2013)
15. WP 2011-4 Dynamics of Output and Employment in the U.S. Economy
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (2)
16. WP 2011-5 The Political Economy of U.S. Output and Employment 2001–2010
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School

2009

17. WP 2009-3 Global Warming and Economic Externalities
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (2)

2001

18. Social Security in a Classical Growth Model
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (1)
    See also Journal Article in Cambridge Journal of Economics (2004)

1995

19. Where Do We Go from Here
    Discussion Papers (REL - Recherches Economiques de Louvain), Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

1973

20. Asset Management with Trading Uncertainty
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
    See also Journal Article in Review of Economic Studies (1975)

1972

21. A Supply Function Model of Aggregate Investment
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (1)

1971

22. Unemployment and Price Dynamics in a Monetary-Fiscal Policy Model
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1970

23. Economic Equilibrium with Marketing Costs
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (1)
24. On Replacing Capitalism
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics

1968

25. Optimal Fiscal Monetary Policy and Economic K. Growth
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
26. Portfolio Choice, Investment, and Growth
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
    See also Journal Article in American Economic Review (1970)

1967

27. Lindahl's Solution and the Core of an Economy with Public Goods
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics View citations (2)
    See also Journal Article in Econometrica (1970)

Journal Articles

2020

1. Social coordination problems in classical and Marxian political economy
   Review of Social Economy, 2020, 78, (1), 4-34 View citations (2)
2. Socialist alternatives to capitalism I: Marx to Hayek
   Review of Evolutionary Political Economy, 2020, 1, (3), 297-311
   See also Working Paper (2017)
3. Socialist alternatives to capitalism II: Vienna to Santa Fe
   Review of Evolutionary Political Economy, 2020, 1, (3), 313-328
   See also Working Paper (2017)

2019

4. A classical-Marxian model of antebellum slavery
   Cambridge Journal of Economics, 2019, 43, (1), 107-138
5. Demand drives growth all the way: Goodwin, Kaldor, Pasinetti and the Steady State
   Cambridge Journal of Economics, 2019, 43, (5), 1333-1352 View citations (8)

2018

6. Economic Growth, Income Distribution, and Climate Change
   Ecological Economics, 2018, 146, (C), 164-172 View citations (22)
   See also Working Paper (2017)
7. The Influence of the Review of Radical Political Economics: Insights on Selected Key Articles
   Review of Radical Political Economics, 2018, 50, (3), 549-575

2016

8. An integrated approach to climate change, income distribution, employment, and economic growth
   Ecological Economics, 2016, 121, (C), 196-205 View citations (44)
   See also Working Paper (2015)

2014

9. Reply to Paul Davidson, Servaas Storm, and Lance Taylor
   International Journal of Political Economy, 2014, 43, (1), 38-42
10. Varieties of Keynesianism
    International Journal of Political Economy, 2014, 43, (1), 4-19 View citations (3)
    See also Working Paper (2014)

2013

11. Dynamics of output and employment in the US economy
    Cambridge Journal of Economics, 2013, 37, (5), 1077-1106 View citations (31)
    See also Working Paper (2011)
12. Rethinking Financial Capitalism and the “Information†Economy
    Review of Radical Political Economics, 2013, 45, (3), 257-268 View citations (8)
13. The social cost of carbon emissions: Seven propositions
    Economics Letters, 2013, 121, (1), 90-97 View citations (30)
14. Unhedgeable shocks and statistical economic equilibrium
    Economic Theory, 2013, 52, (1), 187-235 View citations (2)

2012

15. A NOTE ON THE CONCEPT OF APPROXIMATE EQUILIBRIUM IN ECONOMIC THEORY
    New Mathematics and Natural Computation (NMNC), 2012, 08, (01), 95-100
16. DISTRIBUTION AND CAPACITY UTILIZATION: CONCEPTUAL ISSUES AND EMPIRICAL EVIDENCE
    Metroeconomica, 2012, 63, (1), 200-229 View citations (68)
17. Dilemmas of Economic Growth
    Eastern Economic Journal, 2012, 38, (3), 283-295 View citations (2)
18. Global warming and economic externalities
    Economic Theory, 2012, 49, (2), 329-351 View citations (78)
19. Mathematical Formalism and Political-Economic Content
    VOPROSY ECONOMIKI, 2012, 7 View citations (1)

2010

20. Lineages of Crisis Economics from the 1930s: Keynes, Hayek, and Schumpeter
    Eastern Economic Journal, 2010, 36, (4), 413-422 View citations (1)
21. What's wrong with the fundamental existence and welfare theorems?
    Journal of Economic Behavior & Organization, 2010, 75, (2), 115-131 View citations (6)

2009

22. A NOTE ON THE FORMAL TREATMENT OF EXPLOITATION IN A MODEL WITH HETEROGENOUS LABOR
    Metroeconomica, 2009, 60, (3), 560-567 View citations (36)
23. Critical Political Economy: Complexity, Rationality, and the Logic of Post‐Orthodox Pluralism. By CHRISTIAN ARNSPERGER
    Economica, 2009, 76, (303), 601-602
24. Samuel Hollander, The Economics of Karl Marx: Analysis and Application (New York: Cambridge University Press, 2008), pp. xvi, 532. HB $130. ISBN 978-0-521-79078-9. PB $65, ISBN 978-0-521-79399-5
    Journal of the History of Economic Thought, 2009, 31, (3), 400-404
25. THE HISTORY OF ECONOMIC THOUGHT AND THE POLITICAL ECONOMIC EDUCATION OF DUNCAN FOLEY
    Journal of the History of Economic Thought, 2009, 31, (1), 21-31 View citations (2)

2008

26. COMMENT ON ‘THE STABILITY OF GENERAL INTERTEMPORAL EQUILIBRIUM: A NOTE ON SCHEFOLD’ BY SERGIO PARRINELLO
    Metroeconomica, 2008, 59, (2), 313-316
27. Classical thermodynamics and economic general equilibrium theory
    Journal of Economic Dynamics and Control, 2008, 32, (1), 7-65 View citations (36)
28. Masanao Aoki and Hiroshi Yoshikawa, Reconstructing Macroeconomics: A Perspective from Statistical Physics and Combinatorial Stochastic Processes, Cambridge University Press, Cambridge and New York (2007) 335Â +Â xviii pp., index, Price: $80.00, ISBN-13: 9780521831062, ISBN-10: 0521831067
    Journal of Economic Behavior & Organization, 2008, 68, (1), 319-325

2007

29. Crossing Hubbert's peak: Portfolio effects in a growth model with exhaustible resources
    Structural Change and Economic Dynamics, 2007, 18, (2), 212-230 View citations (3)
30. Response to Garegnani, Pivetti and Vianello
    Review of Political Economy, 2007, 19, (2), 263-268

2006

31. The Theology of Economics
    Challenge, 2006, 49, (6), 103-112

2004

32. Social security in a Classical growth model
    Cambridge Journal of Economics, 2004, 28, (1), 1-20 View citations (20)
    See also Working Paper (2001)

2003

33. Endogenous technical change with externalities in a classical growth model
    Journal of Economic Behavior & Organization, 2003, 52, (2), 167-189 View citations (58)
34. Sraffa's legacy
    Cambridge Journal of Economics, 2003, 27, (2), 225-238

2001

35. Notes on Burgstaller's Property and Prices
    Metroeconomica, 2001, 52, (2), 138-148
36. The Production Function and Productivity: Comment
    Journal of Economic Perspectives, 2001, 15, (3), 257-258 View citations (1)
37. Value, Distribution and Capital: A review essay
    Review of Political Economy, 2001, 13, (3), 365-381

2000

38. Recent Developments in the Labor Theory of Value
    Review of Radical Political Economics, 2000, 32, (1), 1-39 View citations (24)
39. Stabilization of human population through economic increasing returns
    Economics Letters, 2000, 68, (3), 309-317 View citations (11)

1999

40. Productivity, Employment and Growth in European Integration
    Metroeconomica, 1999, 50, (3), 277-300 View citations (6)

1998

41. AN INTERVIEW WITH WASSILY LEONTIEF
    Macroeconomic Dynamics, 1998, 2, (1), 116-140 View citations (7)

1997

42. Book Review
    Journal of Institutional and Theoretical Economics (JITE), 1997, 153, (3), 579-581
43. Theory of production: A long-period analysis: Heinz D. Kurz and Neri Salvadori, (Cambridge University Press, Cambridge, 1995) pp xx+571, 59.95
    Journal of Economic Behavior & Organization, 1997, 32, (2), 321-324

1996

44. STATISTICAL EQUILIBRIUM IN A SIMPLE LABOR MARKET
    Metroeconomica, 1996, 47, (2), 125-147 View citations (11)

1995

45. Corrigendum
    The Quarterly Journal of Economics, 1995, 110, (4), 1171

1994

46. A Statistical Equilibrium Theory of Markets
    Journal of Economic Theory, 1994, 62, (2), 321-345 View citations (143)

1993

47. Reconstructing Marxism, by Wright Erik Olin, Levine Andrew, and Sober Elliot. London and New York: Verso, 1992, xii + 202 pages
    Economics and Philosophy, 1993, 9, (2), 297-305

1992

48. A Contribution to the Theory of Business Cycles
    The Quarterly Journal of Economics, 1992, 107, (3), 1071-1088 View citations (12)
49. Decentralized, dispersed exchange without an auctioneer: A simulation study
    Journal of Economic Behavior & Organization, 1992, 18, (1), 27-51 View citations (48)

1989

50. BOOK REVIEWS
    Contributions to Political Economy, 1989, 8, (1), 109-112
51. ROEMER ON MARX ON EXPLOITATION
    Economics and Politics, 1989, 1, (2), 187-199 View citations (3)

1987

52. Liquidity-profit rate cycles in a capitalist economy
    Journal of Economic Behavior & Organization, 1987, 8, (3), 363-376 View citations (46)

1985

53. ON PRICES OF PRODUCTION IN A GENERAL MODEL OF PRODUCTION
    Contributions to Political Economy, 1985, 4, (1), 25-36 View citations (3)
54. Say's law in Marx and Keynes
    Cahiers d'Économie Politique, 1985, 10, (1), 183-194 View citations (1)

1983

55. BOOK REVIEWS
    Contributions to Political Economy, 1983, 2, (1), 104-108

1982

56. Realization and accumulation in a Marxian model of the circuit of capital
    Journal of Economic Theory, 1982, 28, (2), 300-319 View citations (39)
57. The Value of Money the Value of Labor Power and the Marxian Transformation Problem
    Review of Radical Political Economics, 1982, 14, (2), 37-47 View citations (111)

1978

58. State expenditure from a Marxist perspective
    Journal of Public Economics, 1978, 9, (2), 221-238 View citations (8)

1977

59. On Two Specifications of Asset Equilibrium in Macroeconomic Models: Reply
    Journal of Political Economy, 1977, 85, (2), 401-02

1975

60. A note on the budget constraint in a model of borrowing
    Journal of Economic Theory, 1975, 11, (2), 305-314 View citations (3)
61. An Asset Price Model of Aggregate Investment
    International Economic Review, 1975, 16, (3), 625-47 View citations (19)
62. Asset Management with Trading Uncertainty
    Review of Economic Studies, 1975, 42, (3), 327-346 View citations (31)
    See also Working Paper (1973)
63. On Two Specifications of Asset Equilibrium in Macroeconomic Models
    Journal of Political Economy, 1975, 83, (2), 303-24 View citations (32)
64. Problems vs. Conflicts: Economic Theory and Ideology
    American Economic Review, 1975, 65, (2), 231-36 View citations (2)

1970

65. Economic equilibrium with costly marketing
    Journal of Economic Theory, 1970, 2, (3), 276-291 View citations (60)
66. Lindahl's Solution and the Core of an Economy with Public Goods
    Econometrica, 1970, 38, (1), 66-72 View citations (111)
    See also Working Paper (1967)
67. Portfolio Choice, Investment and Growth
    American Economic Review, 1970, 60, (1), 44-63 View citations (24)
    See also Working Paper (1968)

1969

68. Optimal Fiscal and Monetary Policy and Economic Growth
    Journal of Political Economy, 1969, 77, (4), 698-719 View citations (3)

Chapters

2016

1. Value and price
   Chapter 41 in Handbook on the History of Economic Analysis Volume III, 2016, pp 589-610

2010

2. Hyman Minsky and the Dilemmas of Contemporary Economic Method
   Chapter 9 in The Elgar Companion to Hyman Minsky, 2010
   Also in Chapter 3 in Financial Keynesianism and Market Instability, 2001 (2001) View citations (3)
3. The Classical Theory of Growth and Distribution
   Chapter 2 in Handbook of Alternative Theories of Economic Growth, 2010 View citations (4)

2007

4. Karl Marx’s Theory of Money and Credit
   Chapter 12 in A Handbook of Alternative Monetary Economics, 2007

2003

5. Financial fragility in developing economies
   Chapter 8 in Development Economics and Structuralist Macroeconomics, 2003 View citations (10)