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Classical Economics, Keynes and Money

Classical Economics, Keynes and Money

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  • ISBN:9780367615703
  • Editorial: Routledge
  • Fecha de la edición:
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  • Nº Pág.:348
  • Idiomas:Ingles

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Classical Economics, Keynes and Money casts new light on an approach to economic theory and policy that combines the modern classical theory of prices and income distribution with a Keynesian analysis of money and finance. Structured in four parts, the work considers issues within classical economics, monetary economics, Keynesian and post-Keynesian Economics, rationality and economic methodology. These themes are all central to the work of Carlo Panico, and the chapters both reflect on and build on his key contributions to the field. This collection is of interest to advanced students and researchers in the history of economic thought, monetary theory, financial economics and heterodox economics.

1 Introduction

John Eatwell, Pasquale Commendatore, and Neri Salvadori

2 Asking the right questions

JOHN EATWELL

PART I Classical theory of value and distribution

3 On physical real cost, labour and metaphysics: Sraffa on alternative theories of value and distribution and on Paretos distinction between 'literary and 'mathematical economists

Heinz D. Kurz

4 Sraffa and the problem of returns: A view from the Sraffa archive

Neri Salvadori and Rodolfo Signorino

5 Class struggle and hired prize-fighters: A Marx-inspired perspective on the present state of economic theory and its social causes

Fabio Petri

6 On the productiveness of welfare expenditures

Cosimo Perrotta

7 Is Ricardian intensive rent a Nash equilibrium?

Giuseppe Freni and Neri Salvadori

8 Organisations and institutions in Sraffas thinking

Giuseppe Mastromatteo and Giovanni B. Pittaluga

PART II Keynesian and Post-Keynesian theories of growth and distribution

9 Key elements of post-Keynesian economics

Geoff C. Harcourt and Peter Kriesler

10 Classical theories of wages and heterodox models of distribution

Amitava Krishna Dutt

11 On changes and differences: Joan Robinson vs Sraffa

Maria Cristina Marcuzzo

12 Behavioural changes and distribution effects in a Pasinetti-Solow model

Pasquale Commendatore, Ingrid Kubin, and Iryna Sushko

PART III Monetary and fiscal policies and the role of institutions

13 The underground economy and the financial market: A two-sided relationship

Salvatore Capasso and Salvatore Ciucci

14 Latin Americas macroeconomic policies and growth: An uncoordinated dance

Juan Carlo Moreno Brid, Esteban Pérez Caldentey, and Santiago Capraro Rodríguez

15 Elections and government deficit spending: Evidence from Italian regions

Michele Limosani, Emanuele Millemaci, and Fabio Monteforte

16 Monetary policy and national fiscal policies in the euro area

Erasmo Papagni and Francesco Purificato

17 Monetary policy and financial stability in the Economic and Monetary Union

Francesco Purificato and Elvira Sapienza

PART IV The problem of rationality in economics

18 Economics situational rationality

Celia Lessa Kerstenetzky

19 Rationality, uncertainty and ecological adaptation

Valerio Filoso

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