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Content
December 2001, Volume 24, Issue 2
- 253-275 Overcapacity and the East Asian Crisis
by Korkut A. Erturk - 277-311 Kaleckian Models of Growth in a Coherent Stock-Flow Monetary Framework: A Kaldorian View
by Marc Lavoie & Wynne Godley - 313-327 Kaldor’s “Institutional” Theory of Income Distribution Revisited: Different Views on the Nature of the Corporate Economy
by Man-Seop Park - 329-344 Revisiting a Historical Debate on Pricing Dynamics in the United Kingdom: Further Confirmation of Post Keynesian Pricing Theory
by Paul Downward
September 2001, Volume 24, Issue 1
- 3-15 Exchange Rate Theory and “the Fundamentals”
by John T. Harvey - 17-30 Profits: The Views of Jerome Levy and Michal Kalecki
by S Jay Levy - 31-40 Jørgen Pedersen—An Early Danish Contributor to Keynesian Economics
by Finn Olesen - 41-58 The Significance, Success, and Failure of Microeconomic Theory
by Donald W. Katzner - 59-80 Crafting a Post Keynesian Macroeconomic Framework to Explain European Unemployment: Econometric Evidence from the European Union Countries
by Constantinos Alexiou - 81-88 The Relation between the Warranted Growth Rate, the Natural Rate, and the Balance of Payments Equilibrium Growth Rate
by A. P. Thirlwall - 89-124 “Exorcising the Ghost”: An Alternate Model for Measuring the Financing Gap in Developing Countries
by M. Nureldin Hussain - 125-147 Trade, Growth, and Monetary Union
by Charalambos Pattichis - 149-163 Keynes’ Law and Its Critics
by David Bunting - 165-178 A Model of Employment and Real Wages under Imperfect Competition
by Harry Bloch & Jakob Madsen - 179-179 Editor’s Corner
by The Editors
July 2001, Volume 23, Issue 4
- 545-566 Alternative Keynesian and Post Keynesian Perspective on Uncertainty and Expectations
by J. Barkley Rosser - 567-587 Bounded Rationality Is Not Fundamental Uncertainty: A Post Keynesian Perspective
by Stephen P. Dunn - 589-615 What Does the Aggregate Production Function Show? Further thoughts on Solow’s “Second thoughts on Growth Theory”
by J. S. L. McCombie - 617-638 Monetary Policy and the Distribution of Income: Evidence for the United States and the United Kingdom
by George Argitis & Christos Pitelis - 639-661 Dollarization: “An Intellectual Fad or a Deep Insight”?
by Rogério Studart - 663-667 Why the Trade Deficits Won’t Go Away
by George P. Brockway - 669-687 Credible Monetary Policy: A Post Keynesian Approach
by João Sicsú - 689-704 International Trade Policies for Transition Economies: The Post Keynesian Alternative
by John Marangos - 705-708 A Critical Reflection on Endogenous Money and Asset Price Inflation
by William Van Lear & Robert Stokes - 709-712 Endogenous Money and Asset Price Inflation: Reply
by Paul Dalziel - 713-715 Author Index to Volume 23
by The Editors - 716-716 Economics Editor
by The Editors
March 2001, Volume 23, Issue 3
- 363-373 Self-Interest and Incompetence
by Luiz Carlos Bresser-Pereira - 375-381 Effective Supply and Effective Demand
by David Colander - 383-390 The Principle of Effective Demand and Its Relevance in the Long Run
by Luigi L. Pasinetti - 391-409 The Principle of Effective Demand: Another View
by Paul Davidson - 411-440 Effective Demand and Coordination Failures
by Andrea Boitani & Domenico Delli Gatti - 441-448 Long-Run Monetary Facts of the United States
by H. Sonmez Atesoglu - 449-464 Efficiency Wages in Kaleckian Models of Employment
by Marc Lavoie - 465-483 Post Keynesian Pricing Theory “Reconfirmed”? A Critical Review of
by Paul Downward & Frederic Lee - 485-507 Financial Integration Under Conditions of Chaotic Hysteresis: The Russian Financial Crisis of 1998
by Clifford S. Poirot - 509-526 The Endogenous Money Hypothesis: Some Evidence from Spain (1987–1998)
by Alfonso Palacio Vera - 527-543 Three Views on Stock Markets and Corporate Behavior: Tobin, Veblen, and Marx
by Ali A. Bolbol & Mark A. Lovewell - 544-544 Errata
by The Editors
December 2000, Volume 23, Issue 2
- 181-199 A Fresh Look at the Efficient Market Hypothesis: How the Intellectual History of Finance Encouraged a Real “Fraud-on-The-Market”
by M. C. Findlay & E. E. Williams - 201-233 Seeking Explanations Not Preserving Theorems: Corporate Finance, Confidence, Asymmetric Information, and the UK Macroeconomy
by Murray Glickman - 235-266 The IMF as Crisis Manager: An Assessment of the Strategy in Asia and of Its Criticisms
by Fernando J. Cardim De Carvalho - 267-297 The Solow Residual, Technical Change, and Aggregate Production Functions
by John S.L. McCombie - 299-300 The Gains from Free Trade When Workers Are Not Indifferent to Their Occupations
by Murray C. Kemp & Koji Shimomura - 301-311 A Post Keynesian View of Transition to Market Capitalism: Developing a Civilized Society
by John Marangos - 313-329 The Endogenous/Exogenous Nature of South Africa’s Money Supply Under Direct and Indirect Monetary Control Measures
by Kevin S. Nell - 331-347 Post Keynesian Economics and Nihilism
by Edward J. McKenna & Diane C. Zannoni - 349-355 A Comment on Dow’s “Post Keynesianism and Critical Realism: What Is the Connection?”
by Andrew Brown - 357-360 Brown’s Comment: A Reply
by Sheila C. Dow
September 2000, Volume 23, Issue 1
- 3-25 There Are Major Differences between Kalecki’s Theory of Employment and Keynes’s General Theory of Employment Interest and Money
by Paul Davidson - 27-48 Post Keynesians and Circuitists on Money and Uncertainty: An Attempt at Generality
by Giuseppe Fontana - 49-75 On the Information and Selection Function of Economics Articles—Claims and Reality
by Dirk Meyer - 77-105 Expectations, Endogenous Money, and the Business Cycle: An Exercise in Open Systems Modeling
by Mark Setterfield - 107-116 Business Cycle Volatility and Economic Growth: A Reassessment
by Terence C. Mills - 117-140 Asymmetric Adjustment in Efficiency Wage Models
by Martin B. Schmidt - 141-162 The Organizational History of Post Keynesian Economics in America, 1971-1995
by Frederic S. Lee - 163-179 A Post Keynesian View of Interest Parity Theorems
by Marc Lavoie
July 2000, Volume 22, Issue 4
- 515-528 Keynes’s Casino Capitalism, Bagehot’s International Currency, and the Tobin Tax: Historical Notes on Preventing Currency Fires
by Robert W. Dimand & Mohammed H.I. Dore - 529-547 Public Sector Deficits as the Foundation of Economic Growth
by George I. Evdoridis - 549-563 Budget Deficit and Full Employment
by Julio Lopez-Gallardo - 565-571 A Comment on the M1 Velocity Puzzle
by Robert F. Stauffer - 573-588 The Chronicle of Economic Growth in Southeast Asian Countries: Does Thirlwall’s Law Provide an Adequate Explanation?
by M. Ansari & N. Hashemzadeh & Y. Xi - 589-617 External Financial Fragility and the 1998-1999 Brazilian Currency Crisis
by Luiz Fernando R. De Paula & Antonio José Alves - 619-629 Stability of the Demand for Money in an Unstable Country: Russia
by Mohsen Bahmani-Oskooee & Michael P. Barry - 631-638 Modern Macroeconomics: Theory, Policy, and Events
by Michael S. Lawlor - 639-646 Income, Employment, Inflation, and Money in the United States
by H. Sonmez Atesoglu - 647-651 A Comment on Katzner’s “Western Economics and the Economy of Japan”
by Srinivas Thiruvadanthai - 653-658 Reply to Thiruvadanthai
by Donald W. Katzner - 659-661 Author Index to Volume 22
by The Editors - 662-662 Errata
by The Editors
March 2000, Volume 22, Issue 3
- 343-364 Wither Post Keynesianism?
by Stephen P. Dunn - 365-395 Globalization without Global Money: The Double Role of the Dollar as National Currency and World Currency
by Stephan Schulmeister - 397-406 Modern Money: Fiat or Credit?
by Perry Mehrling - 407-421 LDCs, Institutions, and Money
by Colin Danby - 423-426 LDCs, Institutions, and Money: A Response to Danby
by Paul Davidson - 427-435 The Model of “New” Growth Theory Is the Harrod-Domar Growth Equation: Investment and Growth Revisited
by Khaled Hussein & A. P. Thirlwall - 437-450 Savings-Recycling Public Employment: An Assets-Based Approach to Full Employment and Price Stability
by Mathew Forstater - 451-475 Truth or Macroeconomic Consequences: Theoretical Implications of the Decline and Rise of Job References in the United States
by Miles B. Cahill - 477-495 “Thirlwall’s Law” and Beyond: The Latin American Experience
by Julio López G. & Alberto Cruz B. - 497-506 In the Spirit of Shackle: A Review
by Brian J. Loasby - 507-514 Life Expectancy and Social Security: Why Longevity Indexing the Payroll Tax Rate Makes Good Economic Sense
by Thomas I. Palley
December 1999, Volume 22, Issue 2
- 163-185 Intellectual Progress and Academic Economics: Rational Choice and Game Theory
by Clive Beed & Cara Beed - 187-195 Capital Movements, Tobin Tax, and Permanent Fire Prevention: A Critical Note
by Massimo De Angelis - 197-206 Capital Movements, Tobin Tax, and Permanent Fire Prevention: A Response to de Angelis
by Paul Davidson - 207-225 The Post Keynesian Critique of Conventional Currency Crisis Models and Davidson’s Proposal to Reform the International Monetary System
by Antonio J. Alves & Fernando Ferrari & Luiz F.R. De Paula - 227-245 A Post Keynesian Theory of Asset Price Inflation with Endogenous Money
by Paul Dalziel - 247-263 A Post Keynesian Analysis of the Black-Scholes Option Pricing Model
by James R. Thompson & Edward E. Williams - 265-283 The New and Post Keynesian Analyses of Bank Behavior: Consensus and Disagreement
by Pierre Piegay - 285-311 Independence of the Central Bank, Growth, and Coalitions in a Monetary Union
by Joël Hellier - 313-338 The Investment Function Revisited: Disciplining Capital in South Korea
by Stephanie Seguino - 339-339 Announcement
by The Editors - 340-340 Erratum
by The Editors
September 1999, Volume 22, Issue 1
- 3-14 Connections and Distinctions: Post Keynesianism and Critical Realism
by Tony Lawson - 15-33 Post Keynesianism and Critical Realism: What Is the Connection?
by Sheila C. Dow - 35-56 A Critical Realist Perspective on Paul Davidson’s Methodological Writings On—And Rhetorical Strategy For—Post Keynesian Economics
by Paul Lewis & Jochen Runde - 57-70 Post Keynesian Economics and Critical Realism: A Reply to Parsons
by Edward J. McKenna & Diane C. Zannoni - 71-103 Post Keynesian Economics and Realist Philosophy
by Roy J. Rotheim - 105-123 Is Critical Realism the Appropriate Basis for Post Keynesianism?
by Bernard Walters & David Young - 125-129 Taxonomy, Communication, and Rhetorical Strategy
by Paul Davidson - 131-147 Balance-of-Payments-Constrained Growth in Central America: 1950–96
by Juan Carlos Moreno-Brid & Esteban Pérez - 149-159 The “Real Interest” Fallacy and the Fed’s COLA
by George P. Brockway - 160-160 Announcement: Sixth International Post Keynesian Workshop
by The Editors
July 1999, Volume 21, Issue 4
- 527-549 Post Keynesian Economics and Its Critics
by Philip Arestis & Stephen P. Dunn & Malcolm Sawyer - 551-560 The Performance and Market Value of U.S. Nonfinancial Corporations, 1987–97
by Myron J. Gordon - 561-570 : A Review
by John M. Legge - 571-588 Keynes’ Principle of Effective Demand versus the Bedlam of the New Keynesians
by Paul Davidson - 589-602 Rationality of Transitional Consumers: A Post Keynesian View
by Marko Lah & Andrej Sušjan - 603-610 A Post Keynesian Explanation of Employment in the United States
by H. Sonmez Atesoglu - 611-620 The Gains from Trade in a Ricardian Model When Workers Have Preferences among Occupations
by Paul Tompkinson - 621-637 International Comparisons of the Real Wage—Employment Relationship
by Keith A. Bender & Ioannis Theodossiou - 639-662 Basic Income and the Right to Work: A Keynesian Approach
by William A. Jackson - 663-678 A Generalized Theory of Output Determination
by John Hudson - 679-687 An Irreverent Overview of the History of Money from the Beginning of the Beginning through to the Present
by L. Randall Wray - 689-691 Author index to Volume 21
by The Editors
March 1999, Volume 21, Issue 3
- 367-386 A “Second Edition” of Keynes’ General Theory
by A. P. Thirlwall & J. M. Keynes - 387-398 Are Prices Unimportant? The Changing Structure of the Industrialized Economies
by Eileen Appelbaum & Ronald Schettkat - 399-414 Post-Keynes Monetary and Financial Theory
by Robert Clower - 415-430 Expectations and Confidence under Uncertainty
by David Dequech - 431-439 An Application of Thirlwall’s Law to the Spanish Economy
by Miguel A. León-Ledesma - 441-454 The Demand for Bank Loans and the “State of Trade”
by Peter Howells & Khaled A. Hussein - 455-478 Debt Service, Financing Constraints, and Fixed Investment: Evidence from Panel Data
by Leonce Ndikumana - 479-501 Expectations, Path Dependence and Effective Demand: A Macroeconomic Model along Keynesian Lines
by Mark Setterfield - 503-521 Western Economics and the Economy of Japan
by Donald W. Katzner - 523-524 Editor’s Corner
by Paul Davidson
December 1998, Volume 21, Issue 2
- 181-200 The Nature of Expectations in the Foreign Exchange Market: A Test of Competing Theories
by John T. Harvey - 201-225 Income Inequality and The Business Cycle: A Survey of The Evidence and Some New Results
by Simon C. Parker - 227-258 Inheritance and Chance as Determinants of Capital Wealth Inequality
by James A. Yunker - 259-282 A New Approach to Balance-of-Payments Constraint: Some Empirical Evidence
by José A. Alonso & Carlos Garcimartín - 283-298 On Capital Flows and The Balance-of-Payments-Constrained Growth Model
by Juan Carlos Moreno-Brid - 299-313 Individually Identical or Collectively Autonomous? Questioning the Representation of Investment Behavior in the Kaleckian Multisector Model of Growth
by Man-Seop Park - 315-342 The Janus Hypothesis
by Elias L. Khalil - 343-348 A Comment on Bernstein’s “How Long Can You Run—and Where are you Running?”
by Murray Glickman - 349-352 A Rejoinder
by Peter L. Bernstein - 353-361 In Defense of Kaldor: A Comment on Casillas’s “Kaldor versus Prebisch on Employment and Industrialization”
by John S.L. McCombie - 363-364 Editor’s Corner
by P.D. - 364-364 Erratum
by The Editors
September 1998, Volume 21, Issue 1
- 3-10 Twenty Years Old and Growing Stronger Every Day
by Paul Davidson - 11-13 John Maynard Keynes: From Retrospect to Prospect
by John Kenneth Galbraith - 15-24 Stock Market Risk in a Post Keynesian World
by Peter L. Bernstein - 25-37 Wage Dispersion: “Who Done It?”
by Lester C. Thurow - 39-50 Keynes and Employment Policy in the Second World War
by Lord Skidelsky - 51-75 Inequality, Poverty, and the Fisc in Twentieth-Century America
by Robert D. Plotnick & Eugene Smolensky & Eirik Evenhouse & Siobhan Reilly - 77-92 Save Social Security from Its Saviors
by Robert Eisner - 93-110 The Economics of Social Security: An Old Keynesian Perspective
by Thomas I. Palley - 111-133 Aspects of a Post Keynesian Theory of Finance
by J.A. Kregel - 135-162 Asset Exchanges, Financial Market Trading, and The M1 Income Velocity Puzzle
by Robert Pollin & Mark Schaberg - 163-165 Path Dependency and Animal Spirits
by George P. Brockway - 167-170 Path Dependency and Animal Spirits: A Reply
by Mark Setterfield - 171-173 Accommodationism, Structuralism, and Superstructuralism
by Thomas I. Palley - 175-178 Accommodation to Accommodationism: A Note
by Basil Moore - 179-179 Erratum
by The Editors - 180-180 Answers to Photo Quiz
by The Editors
July 1998, Volume 20, Issue 4
- 495-526 International Competitiveness, Relative Wages, and the Balance-Of-Payments Constraint
by Robert A. Blecker - 527-558 Aggregate Demand and Firm Behavior: A New Perspective on Keynesian Microfoundations
by Steven M. Fazzari & Piero Ferri & Edward Greenberg - 559-581 The Stability of Thirlwall’s Model of Economic Growth and the Balance-Of-Payments Constraint
by Maurizio Pugno - 583-596 Inflationary Effects of High Nominal Interest Rates
by Leon Podkaminer - 597-619 The Origins of the Keynesian Discomfiture
by Robert Leeson - 621-648 No End to Means: George Stigler’s Profit Motive
by Craig Freedman - 649-672 The Determinants of Commercial Banks’ Lending Behavior: Some Evidence for Greece
by Yannis Panagopoulos & Aristotelis Spiliotis - 673-675 Author Index to Volume 20
by The Editors
March 1998, Volume 20, Issue 3
- 323-335 Monopoly Power in the United States Manufacturing Sector, 1899 to 1994
by Myron J. Gordon - 337-353 Restoring Prosperity: Why the U.S. Model Is Not the Answer for the United States or Europe
by Thomas I. Palley - 355-388 Keynes and the Marginalist Theory of Distribution
by Roy J. Rotheim - 389-413 Distributional Basis of Aggregate Consumption
by David Bunting - 415-433 In“The House of the Spirits”: Toward a Post Keynesian Theory of the Household?
by Lucia C. Hanmer & A. Haroon Akram-Lodhi - 435-443 An Exploration of the Long-Run Relationship between Saving and Investment in the Developing Economies: A Tale of Latin American Countries
by Dipendra Sinha & Tapen Sinha - 445-461 Policy in a Two-Sector Efficiency Wage Model: Substituting Good Jobs for Bad
by Thomas J. Carter - 463-485 The Role of the Manufacturing Sector in Southeast Asian Development: A Test of Kaldor’s First Law
by Jesus Felipe - 487-492 Inflation and Real Income
by H. Sonmez Atesoglu
December 1997, Volume 20, Issue 2
- 167-182 Full Employment and Price Stability
by Warren Mosler - 183-189 How Long Can You Run—And Where Are You Running?
by Peter L. Bernstein - 191-221 On Drawing General Policy Lessons from Recent Latin American Currency Crises
by David Felix - 223-233 Theory and Policy in Response to “Leaden Age” Financial Instability: Comment on Felix
by Robert Pollin - 235-249 Post Keynesian Economics and the Philosophy of Individualism
by Edward J. McKenna & Diane Zannoni - 251-274 A Post Keynesian Refutation of Modigliani–Miller on Capital Structure
by Murray Glickman - 275-294 Keynes’ Finance Motive and Firm Behavior: Empirical Evidence
by Paul A. Natke - 295-299 On Fringe Benefits and Layoffs
by Marc O. Lieberman & Geoffrey A. Jehle - 301-308 Downward-Sloping Aggregate Supply Functions, Upward-Sloping Aggregate Demand Functions
by Leon Podkaminer - 309-313 The Socialization of Investment: Comment on Meltzer
by Greg Hill - 315-319 Keynes on the Interest Rate and Redistribution: Reply
by Allan H. Meltzer
September 1997, Volume 20, Issue 1
- 3-5 Introduction
by Paul Davidson - 7-23 Managerial Public Administration: Strategy and Structure for a New State
by Luiz Carlos Bresser Pereira - 25-45 Managing by Processes in Private and Public Organizations: Scientific Management in the Information Revolution
by Greg Davidson - 47-76 Should Economists Dispense with the Notion of Equilibrium?
by Mark Setterfield - 77-88 On the Nature and Utility of the Concept of Equilibrium
by Warren J. Samuels - 89-101 Social Science Fiction and the Suspension of Disbelief
by Douglas Vickers - 103-122 Complex Dynamics and Systemic Change: How Things Can Go Very Wrong
by J. Barkley Rosser & Marina Vcherashnaya Rosser - 123-134 Understanding Chapter 2 of the in Light of the “Essential and Peculiar” Nature of Money
by John C. Eckalbar - 135-148 What’s so Rational about Rational Expectations? Hyperrationality and the Logical Limits to Neoclassicism
by Steven Shulman - 149-162 The “Big Push” in an Open Economy with Nontradable Inputs
by Peter Skott & Jaime Ros - 163-163 Announcement
by The Editors
July 1997, Volume 19, Issue 4
- 493-494 A Platform for Nobel Laureate William Vickrey
by Paul Davidson - 495-510 A Trans-Keynesian Manifesto (Thoughts about an Asset-Based Macroeconomics)
by William Vickrey - 511-523 Business Failures and the Expenditure Multiplier, or How Recessions become Depressions
by Michele I. Naples - 525-542 The Unemployment Problem and the Legacy of Keynes
by John Cornwall & Wendy Cornwall - 543-571 Deficits, Inflation, and Monetary Policy
by L. Randall Wray - 573-597 A Model of Conditional and Unconditional Social Security in an Efficiency Wage Economy: The Economic Sustainability of a Basic Income
by L. F. M. Groot & H. M. M. Peeters - 599-615 Open-Economy Expectations, Decisions, and Equilibria: Applying Keynes’ Aggregate Supply and Demand Model
by Johan Deprez