The Structure of Post-Keynesian Economics

This is a major contribution to post-Keynesian thought. With studies of the key pioneers – Keynes himself, Kalecki, Kahn, Goodwin, Kaldor, Joan Robinson, Sraffa and Pasinetti – G. C. Harcourt emphasizes their positive contributions to theories of distribution, pricing, accumulation, endogenous money and growth. The propositions of earlier chapters are brought together in an integrated narrative and interpretation of the major episodes in advanced capitalist economics in the post-war period, leading to a discussion of the relevance of post-Keynesian ideas to both our understanding of economics and to policy-making. The appendices include biographical sketches of the pioneers and analysis of the conceptual core of their discontent with orthodox theories. Drawing on the author’s experience of teaching and researching over fifty years, this book will appeal to undergraduate and graduate students interested in alternative approaches to theoretical, applied and policy issues in economics, as well as to teachers and researchers in economics.

Author Biography

G. C. Harcourt is Emeritus Reader in the History of Economic Theory, University of Cambridge, Emeritus Fellow of Jesus College, Cambridge and Professor Emeritus of the University of Adelaide.