 Non-Mainstream Economics in the USAChapter Chapter 8 in Economic Theory in the Twentieth Century, An Intellectual History—Volume III, 2024, pp 323-370 from Springer Abstract: Abstract The chapter deals with the non-Mainstream economics in USA, represented by the Post Keynesians, the neo-Marxists and the Institutionalists. Firstly, the chapter examines the American Post Keynesian network and in particular Hyman Minsky’s analysis of the role of finance in the instabilities of the real economy, summarized in his “Financial Instability Hypothesis”. Then, the development of Neo-Marxism is examined, in the writings of Paul Baran and Paul Sweezy and principally the work they coauthored, Monopoly Capital, where a theoretical model of the monopoly capitalist system based on the study of the United States is presented. Lastly, the Institutionalist movement is analyzed, in particular Karl Polanyi’s work, which gave rise to a peculiar renaissance of Institutionalism at Columbia University. Keywords: Post Keynesian Network; A. Eichner; H. Minsky; Financial Instability Hypothesis; S. Weintraub; P. Davidson; V. Chick; J. Kregel; Neo-Marxism; J. Steindl; P. Baran; P. Sweezy; Monopoly Capital; Neo-Austrians; L. von Mises; Institutionalism; K. Galbraith; K. Polanyi; Substantive Economics (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-50222-4_8 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-50222-4_8 Access Statistics for this chapter More chapters in Springer Books from Springer |
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