Review of Keynesian Economics

2012 - 2025

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

From Edward Elgar Publishing
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Volume 4, issue 4, 2016

Wage- versus profit-led growth after 25 years: an introduction pp. 367-372

Mark Setterfield

Wage-led versus profit-led demand regimes: the long and the short of it pp. 373-390

Robert Blecker

Distribution-led growth in the long run pp. 391-408

Michalis Nikiforos

Autonomous demand and the Marglin–Bhaduri model: a critical note pp. 409-428

Riccardo Pariboni

Growth and distribution in low-income economies: modifying post-Keynesian analysis in light of theory and history pp. 429-449

Arslan Razmi

Can growth be wage-led in small open developing economies? pp. 450-457

Jaime Ros

Wage- versus profit-led growth in the context of globalization and public spending: the political aspects of wage-led recovery pp. 458-474

Ozlem Onaran

What caused the great inflation moderation in the US? A post-Keynesian view pp. 475-502

Nathan Perry and Nathaniel Cline

The theory of output in the modern classical approach: main principles and controversial issues pp. 503-522

Attilio Trezzini and Antonella Palumbo

Book review: Alvaro Cencini and Sergio Rossi, Economic and Financial Crises: A New Macroeconomic Analysis (Palgrave Macmillan, New York, NY, USA 2015) 296 pp pp. 523-526

Edoardo Beretta

Book review: John T. Harvey, Contending Perspectives in Economics: A Guide to Contemporary Schools of Thought (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2015) 168 pp pp. 527-531

Paramjit Singh

Book review: Eswar Prasad, The Dollar Trap: How the US Dollar Tightened its Grip on Global Finance (Princeton University Press, Princeton, NJ, USA 2014) 432 pp pp. 532-535

Adrien Faudot

Volume 4, issue 3, 2016

Introduction: the theoretical legacy of Augusto Graziani pp. 243-249

Riccardo Bellofiore and Marco Veronese Passarella

Augusto Graziani and general economic equilibrium: from statics to dynamics pp. 250-263

Mario Pomini

Credit supply, credit demand and unemployment in the mode of Augusto Graziani pp. 264-278

Guglielmo Forges Davanzati

Augusto Graziani's Equilibrio generale ed equilibrio macroeconomico: a key milestone in a long journey out of the neoclassical mainstream pp. 279-302

Massimo Cingolani

Graziani's analysis of the circuit: does it extend to the era of financialisation? pp. 303-315

Malcolm Sawyer

Joan Robinson's Accumulation of Capital after 60 years pp. 316-330

J.E. King

Reflecting on new developmentalism and classical developmentalism pp. 331-352

Luiz Carlos Bresser-Pereira

Book review: Eckhard Hein, Distribution and Growth after Keynes: A Post-Keynesian Guide (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2014) 576 pp pp. 353-356

Javier López Bernardo

Book review: Thomas I. Palley, Financialization: The Economics of Finance Capital Domination (Palgrave Macmillan, Basingstoke, UK, New York, USA and Melbourne, Australia 2013) 248 pp pp. 357-359

Ozgur Orhangazi

Book review: Cyrus Bina, A Prelude to the Foundation of Political Economy: Oil, War, and Global Polity (Palgrave Macmillan, Basingstoke, UK and New York, USA 2013) 260 pp pp. 360-362

Payam Sharifi

Book review: Sara Hsu, Financial Crises, 1929 to the Present (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 192 pp pp. 363-365

Eric Tymoigne

Volume 4, issue 2, 2016

Macroeconomic effects of household debt: an empirical analysis pp. 127-150

Yk Kim

Growth and distribution after the 2007–2008 US financial crisis: who shouldered the burden of the crisis? pp. 151-174

Mathieu Dufour and Ozgur Orhangazi

A useful framework for linking labor and goods markets: Okun's law and its stability revisited pp. 175-192

Mustafa Ismihan

Inconsistency and over-determination in balance-of-payments-constrained growth models: a note pp. 193-200

José Luís Oreiro

Keen on endogenous money and effective demand: a further comment pp. 201-207

Severin Reissl

Underconsumption, capitalist investment and crisis: a reply to Sardoni pp. 208-218

Deepankar Basu

Marxian theories of crises: a rejoinder pp. 219-223

Claudio Sardoni

A Kalecki fable on debt and the monetary transmission mechanism pp. 224-228

Jan Toporowski

Book review: John Bellamy Foster and Robert W. McChesney, The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China (Monthly Review Press, New York, NY, USA 2012) 224 pp pp. 229-230

David Fields

Book review: Riccardo Fiorentini and Guido Montani, The New Global Political Economy: From Crisis to Supranational Integration (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 256 pp pp. 231-234

Pedro Mendes Loureiro

Book review: Ä°lker Aslan, Macroeconomic Foundations of Financial Analysis: A Case Study of Turkey as a Monetary Production Economy (Logos Verlag Berlin, Berlin, Germany 2014) 280 pp pp. 235-238

Mert Karabıyıkoğlu

Book review: G.C. Harcourt and Peter Kriesler (eds), The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology (Oxford University Press, New York, NY, USA 2013) 528 pp pp. 239-241

Edwin Dickens

Volume 4, issue 1, 2016

The relevance of Keynes's General Theory after 80 years pp. 1-3

Thomas Palley, Louis-Philippe Rochon and Matías Vernengo

How Keynes came to Britain pp. 4-19

Robert Skidelsky

Unravelling the New Classical Counter Revolution pp. 20-35

Simon Wren-Lewis

Keynes and the European economy pp. 36-49

Peter Temin and David Vines

Keynesian parables of thrift and hoarding pp. 50-55

Nicholas Rowe

Curried Keynesianism meets the master: Lauchlin Currie's memorandum on The General Theory for the Federal Reserve Board pp. 56-60

Matías Vernengo

The General Theory of Employment, Interest and Money, by J.M. Keynes pp. 61-66

Lauchlin Currie

Two minds that never met: Frank H. Knight on John M. Keynes once again – a documentary note. Perham C. Nahl's notes from Frank H. Knight's course on Business Cycles, University of California, 1936 pp. 67-98

Carlo Cristiano and Luca Fiorito

Keynes's attack on the citadel: proportionality, the two-price theory, and monetary circulation pp. 99-113

Mark Lautzenheiser and Yavuz YaÅŸar

Book review: A.P. Thirlwall, Essays on Keynesian and Kaldorian Economics (Palgrave Macmillan, Basingstoke, UK and New York, USA 2015) 396 pp pp. 116-119

Omar. Hamouda

Book review: Atsushi Komine, Keynes and his Contemporaries: Tradition and Enterprise in the Cambridge School of Economics (Routledge, New York, USA 2014) 190 pp pp. 120-122

William McColloch

Book review: Richard Davenport-Hines, Universal Man: The Lives of John Maynard Keynes (Basic Books, New York, USA 2015) 432 pp pp. 123-126

Steven Pressman

Volume 3, issue 4, 2015

Euro or not euro – that is not the question! Economic well-being and the fate of the Economic and Monetary Union pp. 443–456

Arne Heise

Can prosperity return to the Economic and Monetary Union? pp. 457—470

Malcolm Sawyer

A credit-money and structural perspective on the European crisis: why exiting the euro is the answer to the wrong question pp. 471—490

Riccardo Bellofiore, Francesco Garibaldo and Mariana Mortagua

Causes of the decline of economic growth in Italy with special reference to the post-euro period: a balance-of-payments approach pp. 491—516

Elias Soukiazis, Pedro Cerqueira and Micaela Antunes

Dealing with cost-push inflation in Latin America: multi-causality in a context of increased openness and commodity price volatility pp. 517—535

Martín Abeles and Demian Panigo

No easy balancing act: reducing the balance-of-payments constraint, improving export competitiveness and productivity, and absorbing surplus labor – the Indian experience pp. 536—566

Suranjana Nabar-Bhaduri

Can fiscal austerity be expansionary in present-day Europe? The lessons from Sweden pp. 567—601

Lennart Erixon

The macroeconomics of endogenous money: response to Fiebiger, Palley and Lavoie pp. 602—611

Steve Keen

Book review: Richard D. Wolff and Stephen S. Resnick, Contending Economic Theories: Neoclassical, Keynesian and Marxian (MIT Press, Cambridge, MA, USA 2012) 416 pp pp. 612—615

Luiz Eduardo Simões de Souza

Book review: Sunanda Sen, Dominant Finance and Stagnant Economies (Oxford University Press, New Delhi, India 2014) 368 pp pp. 616—617

Noemi Levy-Orlik

Book review: Jesús Felipe and John S.L. McCombie, The Aggregate Production Function and the Measurement of Technical Change: Not Even Wrong (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 400 pp pp. 618—622

Javier López Bernardo

Volume 3, issue 3, 2015

Debt deflation worries: a restatement pp. 279 - 294

Lino Sau

Public debt crisis, austerity and deflation: the case of Greece pp. 295-313

Marica Frangakis

The post-1980 debt disinflation: an exercise in historical accounting pp. 314-335

J.W. Mason and Arjun Jayadev

The economics of deflation in the euro area: a critique of fiscal austerity pp. 336-350

Giuseppe Mastromatteo and Sergio Rossi

Demand-driven Goodwin cycles with Kaldorian and Kaleckian features pp. 351-373

Rudiger von Arnim and Jose Barrales

Growth cycles with or without price flexibility pp. 374-386

Peter Skott

Growth cycles: a response to Peter Skott pp. 387-391

Rudiger von Arnim and Jose Barrales

Is sticky price adjustment important for output fluctuations? pp. 392-418

John W. Keating and Isaac Kanyama

The fiscal multiplier with heterogeneous agents: the role of wealth, wealth distribution, and interest rates under Ricardian equivalence pp. 419-432

Norman Sedgley, Charles Scott and Fred Derrick

Book Review: Tony Phillips, Europe on the Brink: Debt Crisis and Dissent in the European Periphery (Zed Books, London, UK 2014) 272 pp pp. 433-437

Jan Toporowski

Book review: Shahzavar Karimzadi, Money and its Origins (Routledge, London, UK and New York, USA 2013) 288 pp pp. 438-441

Paul Zarembka

Volume 3, issue 2, 2015

Symposium introduction: Capitalism and Crises pp. 141-142

Hassan Bougrine

Is a Marxist explanation of the current crisis possible? pp. 143-157

Claudio Sardoni

Towards an understanding of crisis episodes in Latin America: a post-Keynesian approach pp. 158-180

Esteban Perez Caldentey and Matías Vernengo

Transformations of entrepreneurial capitalism, crises and the need for a radical change in economic policy pp. 181-193

Hassan Bougrine and Louis-Philippe Rochon

The heterodox notion of structural crisis pp. 194-212

Robert Guttmann

Structural reforms in payment systems to avoid another systemic crisis pp. 213-225

Sergio Rossi

In Memoriam: Frederic Sterling Lee (1949–2014) pp. 226-232

John E. King

Mundell–Fleming without the LM curve: the exogenous interest rate in an open economy pp. 248-268

Franklin Serrano and Ricardo Summa

Book review: Marc Lavoie and Engelbert Stockhammer (eds), Wage-Led Growth: An Equitable Strategy for Economic Recovery (International Labour Organization and Palgrave Macmillan, Houndmills, Basingstoke, UK 2013) 208 pp pp. 269-273

Robert Blecker

Book review: James K. Galbraith, The End of Normal: The Great Crisis and the Future of Growth (Simon & Schuster, New York, USA 2014) 304 pp pp. 274-278

Philip Pilkington

Volume 3, issue 1, 2015

Symposium introduction: Global Crisis and the Need for Paradigm Change pp. 1-1

Thomas Palley

The need for a new paradigm in economics pp. 2-8

Garry Jacobs

Uncertainty, power, institutions, and crisis: implications for economic analysis and the future of capitalism pp. 9-28

Amitava Dutt

After Ricardo – after Marx – after Keynes: comparative advantage, mutual advantage and implications for global governance pp. 29-44

Stuart Holland

The theory of global imbalances: mainstream economics vs structural Keynesianism pp. 45-62

Thomas Palley

Global crisis: a comprehensive interdisciplinary approach to paradigm change pp. 63-76

Augusto Santos Silva

The 'developmentalism' debate in Brazil: some economic and political issues pp. 77-89

Adriana Moreira Amado and Maria de Lourdes Mollo

Which developmentalism? A Keynesian–Institutionalist proposal pp. 90-107

Fernando Ferrari Filho and Pedro Cezar Dutra Fonseca

Export-led growth vs growth-led exports: what matters for the Brazilian growth experience after trade liberalization? pp. 108-128

Ricardo Araujo, Joanílio Rodolpho Teixeira and Cristiane Soares

Book review: Thomas Piketty, Capital in the Twenty-First Century (Belknap Press/Harvard University Press, London 2014) 696 pp pp. 129-133

Angel Asensio

Book review: Mariana Mazzucato, The Entrepreneurial State: Debunking Public vs Private Sector Myths (Anthem Press, London, Delhi and New York 2013) 266 pp pp. 134-138

Philip Pilkington

Coordination of fiscal with monetary and financial stability policies can better cure unemployment pp. 233-247

Philip Arestis