1st Edition

Interactions in Analytical Political Economy Theory, Policy, and Applications

By Mark Setterfield Copyright 2005

    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

    Biography

    Mark Setterfield