Empirical Post Keynesian Economics: Looking at the Real World

by Richard P F Holt, Steven Pressman

Overview

This text highlights the major empirical questions and issues facing Post Keynesian economics today. Featuring contributions by leading Post Keynesian economists, it focuses on public policy and real-life analysis of this vibrant and dynamic economic theory. In language that is accessible to upper-level undergraduate and graduate students, professional economists, and public policy makers, each of the chapters takes on a specific issue of concern to all professional economists, provides empirical analysis of the issue, and then discusses the Post Keynesian view on the topic and contrasts it with the orthodox perspective. The topics covered are grouped into three main categories: empirical studies of consumption; empirical studies of business investment; and empirical studies of international economic relations.

Product Details

ISBN-13:	9781317472063
Publisher:	Taylor & Francis
Publication date:	12/18/2014
Sold by:	Barnes & Noble
Format:	eBook
Pages:	352
File size:	6 MB

About the Author

Richard P.F. Holt is Professor of Economics at Southern Oregon University. He has authored and edited a number of books, book chapters, and journal articles including A New Guide to Post Keynesian Economics (with Steven Pressman) and The Changing Face of Economics: Conversations with Cutting Edge Economists (with David Colander and Barkley Rosser, Jr.). Steven Pressman is Professor of Economics and Finance at Monmouth University in West Long Branch, NJ. He also serves as co-editor of the Review of Political Economy, and as Associate Editor and Book Review Editor of the Eastern Eco[1]nomic Journal. He has published approximately 100 articles in refereed journals and as book chapters, and has authored or edited ten books, including A New Guide to Post Keynesian Economics and 50 Major Economists (2nd ed.).

Table of Contents

1. Empirical Analysis and Post Keynesian Economics Part I. Empirical Studies of Distribution, Inequality, and Consumption 2. What Can Post Keynesian Economics Teach Us About Poverty? 3. Unemployment, Inequality, and the Policy of Europe: 1984–2000 4. The Racial U-Curve in U.S. Residential Credit Markets in the 1990s: Empirical Evidence from a Post Keynesian World 5. An Analysis of Credit Card Debt Default Part II. Empirical Studies of Business Investment 6. The Dynamics of Innovation and Investment, with Application to Australia, 1984–1998 7. Kalecki’s Investment Theory: A Critical Realist Approach 8. Bubbles or Whirlpools? An Empirical Analysis of the Effects of Speculation and Financial Uncertainty on Investment 9. An Analysis of the Shrinking Supply of Equity and the U.S. Stock Market Boom: Does Supply Matter? Part III. Empirical Studies of International Economic Relations 10. The Effect of Distribution on Accumulation, Capacity Utilization, and Employment: Testing the Profit-led Hypothesis for Turkey 11. Growth Under External Constraints in Brazil: A Post Keynesian Approach