Details about Duncan K. Foley

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 2024-05-07. Update your information in the RePEc Author Service.

Short-id: pfo220

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Working Papers

2023

1. International Trade, Global Inequality and Specialization from a Political Economy Perspective
   Working Papers, New School for Social Research, Department of Economics

2020

2. Plausible energy demand patterns in a growing global economy with climate policy
   Ecological Economic Papers, WU Vienna University of Economics and Business
   See also Journal Article Plausible energy demand patterns in a growing global economy with climate policy, Nature Climate Change, Nature (2021) View citations (23) (2021)
3. Three Comments on Storm “The Economics and Politics of Social Democracy: A Reconsideration”
   Working Papers Series, Institute for New Economic Thinking

2018

4. Demand Drives Growth all the Way
   Ecological Economic Papers, WU Vienna University of Economics and Business View citations (3)
   Also in SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2016) View citations (4)
   SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School (2017)

2017

5. Crisis and theoretical methods: equilibrium and disequilibrium once again
   Working Papers, New School for Social Research, Department of Economics View citations (2)
6. 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 Economic Growth, Income Distribution, and Climate Change, Ecological Economics, Elsevier (2018) View citations (36) (2018)
7. Information theory and behavior
   Working Papers, New School for Social Research, Department of Economics View citations (1)
8. Lectures on the Foundations of Applied Statistical Inference
   Working Papers, New School for Social Research, Department of Economics
9. Maximum Entropy Estimation of Statistical Equilibrium in Economic Quantal Response Models
   Working Papers, New School for Social Research, Department of Economics View citations (7)
10. Socialist alternatives to capitalism I: Marx to Hayek
    Working Papers, New School for Social Research, Department of Economics
    See also Journal Article Socialist alternatives to capitalism I: Marx to Hayek, Review of Evolutionary Political Economy, Springer (2020) View citations (3) (2020)
11. Socialist alternatives to capitalism II: Vienna to Santa Fe
    Working Papers, New School for Social Research, Department of Economics
    See also Journal Article Socialist alternatives to capitalism II: Vienna to Santa Fe, Review of Evolutionary Political Economy, Springer (2020) View citations (2) (2020)

2015

12. 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 An integrated approach to climate change, income distribution, employment, and economic growth, Ecological Economics, Elsevier (2016) View citations (55) (2016)

2014

13. Varieties of Keynesianism
    SCEPA working paper series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (3)
    See also Journal Article Varieties of Keynesianism, International Journal of Political Economy, Taylor & Francis Journals (2014) View citations (4) (2014)

2013

14. The Social Cost of Carbon Emissions
    SCEPA policy note series., Schwartz Center for Economic Policy Analysis (SCEPA), The New School View citations (33)

2011

15. Distribution and Capacity: Conceptual Issues and Empirical Evidence September
    Working Papers, New School for Social Research, Department of Economics
16. Dynamics of Output and Employment in the U.S. Economy
    UMASS Amherst Economics Working Papers, University of Massachusetts Amherst, Department of Economics View citations (4)
    Also in Working Papers, Political Economy Research Institute, University of Massachusetts at Amherst (2011) View citations (7)
    See also Journal Article Dynamics of output and employment in the US economy, Cambridge Journal of Economics, Cambridge Political Economy Society (2013) View citations (36) (2013)
17. 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)
18. 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

19. 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

20. 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 Social security in a Classical growth model, Cambridge Journal of Economics, Cambridge Political Economy Society (2004) View citations (22) (2004)

1995

21. 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

22. Asset Management with Trading Uncertainty
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
    See also Journal Article Asset Management with Trading Uncertainty, The Review of Economic Studies, Review of Economic Studies Ltd (1975) View citations (31) (1975)

1972

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

1971

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

1970

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

1968

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

1967

29. 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 Lindahl's Solution and the Core of an Economy with Public Goods, Econometrica, Econometric Society (1970) View citations (116) (1970)

Journal Articles

2021

1. Plausible energy demand patterns in a growing global economy with climate policy
   Nature Climate Change, 2021, 11, (4), 313-318 View citations (23)
   See also Working Paper Plausible energy demand patterns in a growing global economy with climate policy, Ecological Economic Papers (2020) (2020)

2020

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

2019

5. A classical-Marxian model of antebellum slavery
   Cambridge Journal of Economics, 2019, 43, (1), 107-138 View citations (1)
6. Demand drives growth all the way: Goodwin, Kaldor, Pasinetti and the Steady State
   Cambridge Journal of Economics, 2019, 43, (5), 1333-1352 View citations (16)

2018

7. Economic Growth, Income Distribution, and Climate Change
   Ecological Economics, 2018, 146, (C), 164-172 View citations (36)
   See also Working Paper Economic Growth, Income Distribution, and Climate Change, SCEPA working paper series. (2017) (2017)
8. 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

9. An integrated approach to climate change, income distribution, employment, and economic growth
   Ecological Economics, 2016, 121, (C), 196-205 View citations (55)
   See also Working Paper An Integrated Approach to Climate Change, Income Distribution, Employment, and Economic Growth*, Ecological Economics Papers (2015) View citations (1) (2015)

2014

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

2013

12. Dynamics of output and employment in the US economy
    Cambridge Journal of Economics, 2013, 37, (5), 1077-1106 View citations (36)
    See also Working Paper Dynamics of Output and Employment in the U.S. Economy, UMASS Amherst Economics Working Papers (2011) View citations (4) (2011)
13. Rethinking Financial Capitalism and the “Information†Economy
    Review of Radical Political Economics, 2013, 45, (3), 257-268 View citations (8)
14. The social cost of carbon emissions: Seven propositions
    Economics Letters, 2013, 121, (1), 90-97 View citations (32)
15. Unhedgeable shocks and statistical economic equilibrium
    Economic Theory, 2013, 52, (1), 187-235 View citations (3)

2012

16. A NOTE ON THE CONCEPT OF APPROXIMATE EQUILIBRIUM IN ECONOMIC THEORY
    New Mathematics and Natural Computation (NMNC), 2012, 08, (01), 95-100
17. DISTRIBUTION AND CAPACITY UTILIZATION: CONCEPTUAL ISSUES AND EMPIRICAL EVIDENCE
    Metroeconomica, 2012, 63, (1), 200-229 View citations (75)
18. Dilemmas of Economic Growth
    Eastern Economic Journal, 2012, 38, (3), 283-295 View citations (2)
19. Global warming and economic externalities
    Economic Theory, 2012, 49, (2), 329-351 View citations (78)
    See also Chapter Global Warming and Economic Externalities, Studies in Economic Theory, 2016, 447-470 (2016) View citations (1) (2016)
20. Mathematical Formalism and Political-Economic Content
    Voprosy Ekonomiki, 2012, (7)

2010

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

2009

23. A NOTE ON THE FORMAL TREATMENT OF EXPLOITATION IN A MODEL WITH HETEROGENOUS LABOR
    Metroeconomica, 2009, 60, (3), 560-567 View citations (38)
24. Critical Political Economy: Complexity, Rationality, and the Logic of Post‐Orthodox Pluralism. By CHRISTIAN ARNSPERGER
    Economica, 2009, 76, (303), 601-602
25. 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
26. 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)
27. The economy needs agent-based modelling
    Nature, 2009, 460, (7256), 685-686 View citations (386)

2008

28. COMMENT ON ‘THE STABILITY OF GENERAL INTERTEMPORAL EQUILIBRIUM: A NOTE ON SCHEFOLD’ BY SERGIO PARRINELLO
    Metroeconomica, 2008, 59, (2), 313-316
29. Classical thermodynamics and economic general equilibrium theory
    Journal of Economic Dynamics and Control, 2008, 32, (1), 7-65 View citations (40)
30. 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

31. 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 (4)
32. Response to Garegnani, Pivetti and Vianello
    Review of Political Economy, 2007, 19, (2), 263-268

2006

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

2004

34. Social security in a Classical growth model
    Cambridge Journal of Economics, 2004, 28, (1), 1-20 View citations (22)
    See also Working Paper Social Security in a Classical Growth Model, SCEPA working paper series. (2001) View citations (1) (2001)
35. THREE TALKS ON MONETARY THEORY
    Revista de Economia Mackenzie (REM), 2004, 2, (2), 45-74

2003

36. Endogenous technical change with externalities in a classical growth model
    Journal of Economic Behavior & Organization, 2003, 52, (2), 167-189 View citations (69)
37. Sraffa's legacy
    Cambridge Journal of Economics, 2003, 27, (2), 225-238

2001

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

2000

41. Recent Developments in the Labor Theory of Value
    Review of Radical Political Economics, 2000, 32, (1), 1-39 View citations (29)
42. Stabilization of human population through economic increasing returns
    Economics Letters, 2000, 68, (3), 309-317 View citations (12)

1999

43. Productivity, Employment and Growth in European Integration
    Metroeconomica, 1999, 50, (3), 277-300 View citations (7)

1998

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

1997

45. Book Review
    Journal of Institutional and Theoretical Economics (JITE), 1997, 153, (3), 579-581
46. 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

47. STATISTICAL EQUILIBRIUM IN A SIMPLE LABOR MARKET
    Metroeconomica, 1996, 47, (2), 125-147 View citations (13)

1995

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

1994

49. A Statistical Equilibrium Theory of Markets
    Journal of Economic Theory, 1994, 62, (2), 321-345 View citations (152)

1993

50. 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

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

1989

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

1987

55. Liquidity-profit rate cycles in a capitalist economy
    Journal of Economic Behavior & Organization, 1987, 8, (3), 363-376 View citations (50)

1985

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

1983

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

1982

59. Realization and accumulation in a Marxian model of the circuit of capital
    Journal of Economic Theory, 1982, 28, (2), 300-319 View citations (40)
60. 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 (138)

1978

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

1977

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

1975

63. A note on the budget constraint in a model of borrowing
    Journal of Economic Theory, 1975, 11, (2), 305-314 View citations (3)
64. An Asset Price Model of Aggregate Investment
    International Economic Review, 1975, 16, (3), 625-47 View citations (19)
65. Asset Management with Trading Uncertainty
    The Review of Economic Studies, 1975, 42, (3), 327-346 View citations (31)
    See also Working Paper Asset Management with Trading Uncertainty, Working papers (1973) (1973)
66. On Two Specifications of Asset Equilibrium in Macroeconomic Models
    Journal of Political Economy, 1975, 83, (2), 303-24 View citations (33)
67. Problems vs. Conflicts: Economic Theory and Ideology
    American Economic Review, 1975, 65, (2), 231-36 View citations (2)

1970

68. Economic equilibrium with costly marketing
    Journal of Economic Theory, 1970, 2, (3), 276-291 View citations (63)
69. Lindahl's Solution and the Core of an Economy with Public Goods
    Econometrica, 1970, 38, (1), 66-72 View citations (116)
    See also Working Paper Lindahl's Solution and the Core of an Economy with Public Goods, Working papers (1967) View citations (2) (1967)
70. Portfolio Choice, Investment and Growth
    American Economic Review, 1970, 60, (1), 44-63 View citations (26)
    See also Working Paper Portfolio Choice, Investment, and Growth, Working papers (1968) (1968)

1969

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

Chapters

2020

1. Greenhouse gas and cyclical growth
   Chapter 13 in Handbook on the Economics of Climate Change, 2020, pp 281-295
2. Unfulfilled Expectations: One Economist’s History
   Springer View citations (3)

2016

3. Global Warming and Economic Externalities
   Springer View citations (1)
   See also Journal Article Global warming and economic externalities, Springer (2012) View citations (78) (2012)
4. Value and price
   Chapter 41 in Handbook on the History of Economic Analysis Volume III, 2016, pp 589-610

2010

5. 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)
6. The Classical Theory of Growth and Distribution
   Chapter 2 in Handbook of Alternative Theories of Economic Growth, 2010 View citations (4)

2009

7. The Economic Fundamentals of Global Warming
   Chapter 5 in Twenty-First Century Macroeconomics, 2009, pp 115-126

2007

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

2006

9. A heterodox growth and distribution model
   Chapter 4 in Economic Growth and Distribution, 2006, pp 75-99

2005

10. Marx’s Theory of Money in Historical Perspective
    Palgrave Macmillan

2003

11. Financial fragility in developing economies
    Chapter 8 in Development Economics and Structuralist Macroeconomics, 2003 View citations (11)

1998

12. Asset Speculation in Marx’s Theory of Money
    Palgrave Macmillan

1991

13. Perfect Foresight Cycles in a Marxian-Keynesian Model of Accumulation With Money
    Palgrave Macmillan

1989

14. Joan Robinson: An Informal Memoir
    Palgrave Macmillan View citations (1)