1st Edition
Post-Keynesian Economics Selected Essays on Pricing, Money and Growth
Foreword
Mario Seccareccia
Introduction
Appendix: How Can Critics so Bright as Colander, Holt & Rosser Be so Misunderstood by Heterodox Economists?
Part I: On Post-Keynesian Economics
1. Towards a New Research Programme for Post-Keynesianism and Neo-Ricardianism
2. Perspectives for Post-Keynesian Economics
3. Post-Keynesianism in Canada: From an Extraordinary Beginning to an Uncertain Future?
With Mario Seccareccia
Part II: On Pricing
4. Frederic Lee and Post-Keynesian Pricing Theory
5. Mark-up Pricing versus Normal Cost Pricing in Post-Keynesian Models
6. Realism, Simulations and Post-Keynesian Pricing Models: A Response to Lee
With Peter Downward and Peter Reynolds
Part III: On Money
7. Jacques Le Bourva's Theory of Endogenous Credit-Money
8. A System with Zero Reserves and with Clearing Outside of the Central Bank: The Canadian Case
9. MMT, Sovereign Currencies and the Eurozone
10. Where Do the Pasinetti Rule and the Pasinetti Index Come from?
With Mario Seccareccia
11. The New Consensus on Monetary Policy and its Post-Keynesian Critique
With Peter Kriesler
12. Conflictual Inflation and the Phillips Curve
13. A Simple Stock-Flow Consistent Model with Short-Term and Long-Term Debt: A Comment on Claudio Sardoni
With Gennaro Zezza
Part IV: On Growth and Distribution
14. Kaleckian Effective Demand and Sraffian Normal Prices: Towards a Reconciliation
15. Cadrisme within a Post-Keynesian Model of Growth and Distribution
16. Overhead Labour Costs in a Neo-Kaleckian Growth Model with Autonomous Non-Capacity Creating Expenditures
With Won Jun Nah
Biography
Marc Lavoie is Professor Emeritus in the Department of Economics at the University of Ottawa, Canada, where he has taught for over 35 years, and Professor Emeritus at the University Sorbonne Paris Nord, France. He is also Research Fellow at the Macroeconomic Research Institute of the Hans Böckler Foundation, Düsseldorf, Germany, and Research Associate at the Broadbent Institute, Toronto, Canada. Lavoie has published more than 250 articles or book chapters in a wide variety of fields, in particular macroeconomics and monetary economics. He has written Monetary Economics: An Integrated Approach to Money, Income, Production and Wealth (2007, with Wynne Godley), edited Wage-led Growth: An Equitable Strategy for Economic Recovery (2013, with E. Stockhammer), and In Defense of Post-Keynesian and Heterodox Economics (2013, with F. Lee). He is also the author of Post-Keynesian Economics: New Foundations (2022), which is an exhaustive account of post-Keynesian economic analysis.
