Classical Economics, Keynes and Money: Essays in Honour of Carlo Panico 1st Edition – Ebook Instant Download/Delivery ISBN(s): 9781003105558, 

Product details:

• ISBN-10: 1003105556
• ISBN-13: 9781003105558
• Author: John Eatwell, Pasquale Commendatore, Neri Salvadori

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.

Table contents:

1 Introduction

2 Asking the right questions

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 Pareto’s distinction between ‘literary’ and ‘mathematical economists’

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

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

6 On the productiveness of welfare expenditures

7 Is Ricardian intensive rent a Nash equilibrium?

8 Organisations and institutions in Sraffa’s thinking

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

9 Key elements of post-Keynesian economics

10 Classical theories of wages and heterodox models of distribution

11 On changes and differences: Joan Robinson vs Sraffa

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

PART III Monetary and fiscal policies and the role of institutions

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

14 Latin America’s macroeconomic policies and growth: An uncoordinated dance

15 Elections and government deficit spending: Evidence from Italian regions

16 Monetary policy and national fiscal policies in the euro area

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

PART IV The problem of rationality in economics

18 Economics situational rationality

19 Rationality, uncertainty and ecological adaptation

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