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Innovation and Investment in Capitalist Economies, 1870–2000: Kaleckian Dynamics and Evolutionary Life Cycles

Jerry Courvisanos and Bart Verspagen

Chapter 12 in Contemporary Post Keynesian Analysis, 2005 from Edward Elgar Publishing

Abstract: Original articles by leading scholars of post Keynesian economics make up this authoritative collection. Current topics of the greatest interest are covered, such as: perspectives on current economic policy; post Keynesian approaches to monetary theory and policy; economic development, growth and inflation; Kaleckian perspectives on distribution; economic methodology; and history of heterodox economic theory. The contributors explore a variety of prevailing issues including: wage bargaining and monetary policy in the EMU; the meaning of money in the internet age; stability conditions for small open economies; and economic policies of sustainable development in countries transitioning to a market economy. Other enduring matters are examined through the lens of economic theorists – Kaleckian dynamics and evolutionary life cycles; a comparison between Keynes's and Hayek's economic theories; and an analysis of the power of the firm based on the work of Joan Robinson, to name a few.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2005
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