Synopses & Reviews
Hein presents students, academics, and researchers with an assessmentof theories of distribution and growth in the post-Keynesian era. The author profiles significant contributions to economics and offersa variety of interpretations and critiques of the major theoretical theories. Subjects covered include, neoclassical distribution andgrowth theory, post-Keynesian distribution and growth theories, Kaleckian distribution and growth models, and classical, Marxian andHarrodian critiques of Kaleckian models. Eckhard Hein is a faculty member of the Berlin School of Economics and Law, Germany.Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
In the first part of the book, Eckhard Hein presents a comprehensive overview of the main approaches towards distribution and growth including the contributions of Harrod and Domar, old and new neoclassical theories including the fundamental capital controversy critique, the post-Keynesian contributions of Kaldor, Pasinetti, Thirlwall and Robinson, and finally the approaches by Kalecki and Steindl. In the second part of the book neo- and post-Kaleckian models are gradually developed, introducing saving from wages, international trade, technological progress, interest and credit. Issues of 'financialisation' are also explored and empirical results related to the different models are presented.