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Keynes, Uncertainty And The Global Economy |
Edited by Sheila C. Dow, Professor of Economics, University of Stirling, UK and John Hillard, Director of Taught Postgraduate Programmes, Leeds University Business School, UK
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| 2002 |
336 pp |
Hardback |
978 1 85898 797 2 |
£73.00 |
on-line discount
£65.70 |
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The revival of interest in Keynesian economics since the late 1980s reinstates the importance of Keynes’s contribution to economic theory and policy. This is the second of two volumes in which authoritative contributions are presented by an outstanding group of international experts to celebrate Keynesian economics, and to review and further the developments of post Keynesian economics of recent years.
This volume is divided into three sections, the first of which examines general issues including investment, microfoundations, labour economics and monetary theory. In the second part the discussion is extended to uncertainty and addresses the associated issues of rationality, trust, and speculation. The third and final section focuses on international economics and considers the theory of comparative advantage, the fight against speculation in foreign exchange markets, Tobin’s transactions tax and the Maastricht Treaty.
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Contents: Preface by G.C. Harcourt Introduction 1. The Microeconomic Foundations of Keynesian Economics 2. Keynes’s ‘Microeconomics’: Some Lessons 3. Market Structure, Uncertainty and Unemployment 4. Keynes’s Theory of Investment and Necessary Compromise 5. Some Elements of a Post Keynesian Labour Economics 6. Uncertainty, Rationality and Learning: A Keynesian Perspective 7. Organicism, Uncertainty and ‘Societal Interactionism’: A Derridean Perspective 8. Classical Liberalism in an Environment of Rational Choice Involving Commitment and Security as well as Greed 9. Some Notes on the Monetary Debate within the Post Keynesian School 10. Speculation and Reasonableness: A Non-Bayesian Theory of Rationality 11. The Maastricht Treaty: Unemployment, Competitiveness and Distribution 12. Policies for Fighting Speculation in Foreign Exchange Markets: The Tobin Tax versus Keynes’s Views 13. An Evaluation of the Tobin Transactions Tax 14. Say’s Law in the Open Economy: Keynes’s Rejection of the Theory of Comparative Advantage Bibliography Index
Contributors: P. Arestis, A. Carabelli, V. Chick, P. Davidson, A. Fitzgibbons, G. Fontana, M.C. Howard, J. Jespersen, S. Kayatekin, J. King, R.C. Kumar, P. Mini, M.-S. Park, N. Shapiro, M. Sawyer, A. Vercelli
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In Association with the Post Keynesian Economics Study Group
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