In this interactive collection of essays, many of the leading proponents of analytical political economy examine major macroeconomic issues through the integration of mathematical analysis and non-neoclassical economic theory. The topics covered include the macroeconomics of the labor market, open economy issues, economic growth, and macroeconomic policy. The chapter-comment-reply format of the book creates a genuine dialogue on each theme, and evokes a sense of unfolding debate which draws the reader into the discussion.
List of Figures; List of Tables; 1. Interactions in Analytical Political Economy: An Introduction, Mark Setterfield; 2. Wage Inequality and Skill Asymmetries, Peter Skott and Paul Auerbach; 3. Connecting Trends in Wage Dispersion, Unemployment, and "Overeducation": Comments on Skott and Auerbach, Gilbert Skillman; 4. Reply to Gilbert Skillman, Peter Skott and Paul Auerbach; 5. Monitoring Labor Standards in a Macroeconomic Context, Bill Gibson; 6. Comments on "Monitoring Labor Standards in a Macroeconomic Context" by Bill Gibson, James Heintz; 7. Reply to James Heintz, Bill Gibson; 8. Industrial Policy in an Era of Free Trade: What Isn't, and Is, Possible?, Jim Stanford; 9. Shifting Gears in the Canadian Auto Industry: Does the Era of Free Trade Require a Move to Multilateral Industrial Policy? Lynda Vargha; 10. Reply to Lynda Vargha, Jim Stanford; 11. Conspicuous Consumption, Consumer Debt, and Economic Growth, Amitava Krishna Dutt; 12. Comments on "Conspicuous Consumption, Consumer Debt, and Economic Growth" by Amitava Krishna Dutt, Ed McKenna; 13. Reply to Ed McKenna's Comments on "Conspicuous Consumption, Consumer Debt, and Economic Growth", Amitava Krishna Dutt; 14. "History Matters": Multiple Equilibria Versus Intentional Human Agency, Mark Roberts; 15. Comments on "History Matters': Multiple Equilibria Versus Intentional Human Agency" by Mark Roberts, Ed McKenna; 16. Reply to Ed McKenna's Comments on " 'History Matters': Multiple Equilibria Versus Intentional Human Agency", Mark Roberts; 17. Post Walrasian Macro Policy and the Economics of Muddling Through, David Colander; 18. Thinking Outside the Walrasian Box, Bill Gibson; 19. On Post Walrasian Economics, Macroeconomic Policy, and Heterodox Economics, Amitava Krishna Dutt; 20. Thinking Outside the Heterodox Box: Post Walrasian Macroeconomics and Heterodoxy, David Colander