Review of Keynesian Economics

2013 - 2025

Current editor(s): Thomas Palley, Matías Vernengo and Esteban Pérez Caldentey

From Edward Elgar Publishing
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Volume 6, issue 4, 2018

Milton Friedman's presidential address at 50 pp. 419-420

Thomas Palley and Matías Vernengo

A theory is a sometime thing pp. 421-424

Robert Solow

Friedman and Phelps on the Phillips curve viewed from a half century's perspective pp. 425-436

Robert J. Gordon

Why the fuss? Friedman (1968) after 50 years pp. 437-445

David Laidler

The role of financial policy pp. 446-460

Roger Farmer

Why is labour market adjustment so slow in Friedman's presidential address? pp. 461-472

James Forder

Recovering Keynesian Phillips curve theory: hysteresis of ideas and the natural rate of unemployment pp. 473-492

Thomas Palley

A short story of the Phillips curve: from Phillips to Friedman… and back? pp. 493-516

Antonella Stirati and Walter Paternesi Meloni

The wrong track also leads someplace: Milton Friedman's presidential address at 50 pp. 517-532

Servaas Storm

The relationship between inflation and unemployment: a critique of Friedman and Phelps pp. 533-544

Louis-Philippe Rochon and Sergio Rossi

Book review: Giancarlo Bertocco, Crisis and the Failure of Economic Theory: The Responsibility of Economists for the Great Recession (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2017) 250 pp pp. 545-549

Esteban Perez Caldentey

Book review: Aleksander Gervokyan and Otaviano Canuto (eds), Financial Deepening and Post-Crisis Development in Emerging Markets (Palgrave Macmillan, New York, NY, USA 2016) 279 pp pp. 550-553

Richard E. Itaman

Volume 6, issue 3, 2018

Is planet Earth as a whole likely to be wage-led? pp. 289–306

Arslan Razmi

The impact of economic policy and structural change on gender employment inequality in Latin America, 1990–2010 pp. 307–332

Elissa Braunstein and Stephanie Seguino

Growth dilemmas in open middle-income economies: a reflection on Mexico's recent experience pp. 333-351

Julio López G.

Income distribution and the balance of payments: a formal reconstruction of some Argentinian structuralist contributions- Part I: Technical dependency pp. 352-368

Ariel Dvoskin and German Feldman

Income distribution and the balance of payments: a formal reconstruction of some Argentinian structuralist contributions - Part II: Financial dependency pp. 369-386

Ariel Dvoskin and German Feldman

The financial instability hypothesis and the paradox of debt: a microeconometric approach for Latin America pp. 387-410

Alejandro González and Esteban Pérez-Caldentey

Book Review: Piero Ferri, Aggregate Demand, Inequality and Instability (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2016) 192 pp pp. 411-412

Jesper Jespersen

Book Review: Edith T. Penrose, The Large International Firm in Developing Countries: The International Petroleum Industry, First Edition (Routledge, Abingdon, UK and New York, NY, USA 1968 [2013]) 311 pp pp. 413-417

Alberto D'Ansi Mendoza España

Volume 6, issue 2, 2018

A predator–prey model to explain cycles in credit-led economies pp. 159-179

Óscar Dejuán and Daniel Dejuán-Bitriá

Inflation targeting when devaluations are contractionary pp. 180-201

Emiliano Libman

A Minskyan critique of the financial constraint approach to financialization pp. 202-220

Ilhan Dögüs

The financial crisis in the eurozone: a balance-of-payments crisis with a single currency? pp. 221-239

Eladio Febrero, Jorge Uxó and Fernando Bermejo

The nature of the eurocrisis: a reply to Febrero, Uxó and Bermejo pp. 240-251

Sergio Cesaratto

A rejoinder to Sergio Cesaratto pp. 252-254

Eladio Febrero, Jorge Uxó and Fernando Bermejo

Rebalancing Keynes's contribution pp. 255-263

Bradley Bordiss and Vishnu Padayachee

Comment on 'Rebalancing Keynes's contribution' by Bordiss and Padayachee pp. 264-265

Peter Temin and David Vines

John Maynard Keynes: the economist as investor pp. 266-281

Carlo Cristiano and Maria Cristina Marcuzzo

Book review: Pasquale Tridico, Inequality in Financial Capitalism (Routledge, London, UK and New York, NY, USA 2017) 236 pp pp. 282-284

Riccardo Pariboni

Book review: Jack Reardon (ed.), The Handbook of Pluralist Economics Education (Routledge, Abingdon, UK and New York, NY, USA 2009) 304 pp pp. 285-288

J.W. Mason

Volume 6, issue 1, 2018

Rethinking macroeconomic theory before the next crisis pp. 1-21

Marc Lavoie

The new macroeconomics has no clothes pp. 22-33

Colin Rogers

Have we been here before? Phases of financialization within the twentieth century in the US pp. 34-61

Apostolos Fasianos, Diego Guevara and Christos Pierros

The endogenous finance of global-dollar-based financial fragility in the 2000s: a Minskyan approach pp. 62-82

Junji Tokunaga and Gerald Epstein

The US dollar and its payments system: architecture and political implications pp. 83-95

Adrien Faudot

Financialisation and corporate investments: the Indian case pp. 96-113

Sunanda Sen and Zico Dasgupta

The static Sraffian multiplier for the Greek economy: evidence from the Supply and Use Table for the year 2010 pp. 114-147

Theodore Mariolis and George Soklis

Book review: Valeria Mosini, Reassessing the Paradigm of Economics: Bringing Positive Economics into the Normative Framework (Routledge, London, UK 2012) 164 pp pp. 148-151

João Felippe Cury Marinho Mathias

Book review: Louis-Philippe Rochon and Sergio Rossi (eds), An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 432 pp pp. 152-156

Daniele Tori

Book review: Rickard P.F. Holt (ed.), The Selected Letters of John Kenneth Galbraith (Cambridge University Press, New York, NY, USA 2017) 744 pp pp. 157-158

Paul Davidson

Volume 5, issue 4, 2017

Critical thinking within a multi-paradigmatic approach: introduction to the symposium on innovations in heterodox economics education pp. 493–502

Geoffrey Schneider and Daniel A. Underwood

Teaching the Greek crisis (and more) from the perspectives of competing models pp. 503–518

John T. Harvey

The use of dichotomies in introductory economics pp. 519–532

Mathieu Dufour and Ian Seda-Irizarry

Enriching undergraduate economics: curricular and pedagogical integration of heterodox approaches from within pp. 533–550

Tara Natarajan

Blasphemy in the classroom: in search of microeconomics textbooks for heterodox instructors pp. 551–562

Erik Dean and Mitchell R. Green

The road they share: the social conflict element in Marx, Keynes and Kalecki pp. 563–575

Pablo Bortz

From Marx to the Keynesian revolution: the key role of finance pp. 576–585

Jan Toporowski

Estimating Keynesian models of business fluctuations using Bayesian Maximum Likelihood pp. 586–630

Christian Schoder

Debt and investment in the Keen model: a reappraisal of modelling Minsky pp. 631–647

Antonin Pottier and Adrien Nguyen-Huu

Book review: Joseph E. Stiglitz, The Euro: How a Common Currency Threatens the Future of Europe (W.W. Norton, New York, NY, USA 2016)416 pp.; and Markus K. Brunnermeier, Harold James and Jean-Pierre Landau, The Euro and the Battle of Ideas (Princeton University Press, Princeton, NJ, USA 2016) 440 pp pp. 648–651

Steven Pressman

Book review: Michael Jacobs and Mariana Mazzucato (eds), Rethinking Capitalism: Economics and Policy for Sustainable and Inclusive Growth (Wiley-Blackwell, Oxford, UK 2016) 224 pp pp. 652–655

Melanie G. Long

Volume 5, issue 3, 2017

Wage- versus profit-led growth after 25 years: an introduction to the fourth special issue pp. 303-306

Mark Setterfield

Wage-led, debt-led growth in an open economy pp. 307-335

Esteban Perez Caldentey and Matías Vernengo

Weaknesses of 'wage-led growth' pp. 336-359

Peter Skott

Wages, prices, and employment in a Keynesian long run pp. 360-425

Stephen A. Marglin

Wage- and profit-led regimes under modern finance: an exploration pp. 426-438

Amit Bhaduri and Srinivas Raghavendra

Did fiscal consolidation cause the double-dip recession in the euro area? pp. 439-458

Philipp Heimberger

Macroeconomic imbalances and the eurozone crisis: the impact of credit expansion on asset prices pp. 459-480

Gökçer Özgür and Emel Memis¸

Book review: Carl Chiarella, Peter Flaschel and Willi Semmler, Reconstructing Keynesian Macroeconomics (Volume 1: Partial Perspectives, 2012, 400 pp.; Volume 2: Integrated Approaches, 2013, 512 pp.; Volume 3: Macroeconomic Activity, Banking and Financial Markets, 2015, 390 pp.; Routledge, Abingdon, UK and New York, NY, USA) pp. 481-488

Matheus R. Grasselli

Book review: Tarron Khemraj, Money, Banking and the Foreign Exchange Market in Emerging Economies (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 162 pp pp. 489-492

Francisco Martinez-Hernandez

Volume 5, issue 2, 2017

Wage- versus profit-led growth after 25 years: an introduction to the third special issue pp. 143-145

Mark Setterfield

Inequality and growth in neo-Kaleckian and Cambridge growth theory pp. 146-169

Thomas Palley

Income inequality, the wage share, and economic growth pp. 170-195

Amitava Dutt

Longer-run distributive cycles: wavelet decompositions for the US, 1948–2011 pp. 196-217

José Barrales and Rudiger von Arnim

The Bhaduri–Marglin post-Kaleckian model in the history of distribution and growth theories: an assessment by means of model closures pp. 218-238

Eckhard Hein

Government spending composition, aggregate demand, growth, and distribution pp. 239-258

Daniele Tavani and Luca Zamparelli

Wage increases, transfers, and the socially determined income distribution in the USA pp. 259-275

Lance Taylor, Armon Rezai, Rishabh Kumar, Nelson Barbosa-Filho and Laura Barbosa de Carvalho

Real-wage versus wage-share targets in an open-economy model of the wage and price dynamics pp. 276-299

Søren Harck

Book review: Jean-Luc Bailly, Alvaro Cencini and Sergio Rossi (eds), Quantum Macroeconomics: The Legacy of Bernard Schmitt (Routledge, London, UK and New York, NY, USA 2017) 202 pp pp. 300-301

Andrea Carrera

Volume 5, issue 1, 2017

Wage- versus profit-led growth after 25 years: an introduction to the second special issue pp. 1-3

Mark Setterfield

Bhaduri–Marglin meet Kaldor–Marx: wages, productivity and investment pp. 4-24

Servaas Storm and C.W.M. Naastepad

Wage-led versus profit-led demand: what have we learned? A Kaleckian–Minskyan view pp. 25-42

Engelbert Stockhammer

Household borrowing and the possibility of 'consumption-driven, profit-led growth' pp. 43-60

Mark Setterfield and Yk Kim

Profit-led growth and the stock market pp. 61-77

Thomas Michl

Finance and distribution pp. 78-93

Ramaa Vasudevan

Pension funding in a Keynesian model of growth pp. 94-106

Codrina Rada

The WHO warns of outbreak of virulent new 'Economic Reality' virus pp. 107-111

Steve Keen

Functional finance and intergenerational distribution in neoclassical and Keynesian OLG models pp. 112-134

Peter Skott and Soon Ryoo

Book review: Bob Jessop, Brigitte Young and Christoph Scherrer (eds), Financial Cultures and Crisis Dynamics (Routledge, London, UK and New York, NY, USA 2015) 320 pp pp. 135-138

Michael G. Kraft

Book review: David Tuckett, Minding the Markets: An Emotional View of Financial Instability (Palgrave Macmillan, Basingstoke, UK, New York, NY, USA and Melbourne, Australia 2011) 232 pp pp. 139-141

Philip Pilkington