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New Directions in Analytical Political Economy - Amitava Krishna Dutt

New Directions in Analytical Political Economy

By: Amitava Krishna Dutt (Editor), Lance Taylor (Foreword by)

Hardcover Published: January 1994
ISBN: 9781858980324
Number Of Pages: 368

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New Directions in Analytical Political Economy brings together an important collection of economic research by scholars from a wide range of non-neoclassical research traditions.
This book provides a flavour of recent research in non-neoclassical economic theory - drawing on classical, Marxian, post Keynesian and Kaleckian, structuralist, evolutionary and institutional approaches - using mathematical analysis. The papers deal with a variety of themes, including unemployment, financial crises and business cycles; technological change and long-run growth; value, prices and pricing and international terms of trade; the role of agriculture, foreign exchange and fiscal constraint on growth, hyperinflation and wage indexation; and stability in mixed economies. The contributors base their analysis on the structure, history and institutions at hand, not just on ever more elaborate optimizing principles as is fashionable in mainstream economics. However, they do not turn their backs on mainstream concepts and methods but use formal mathematical models to conduct their analysis in a rigorous way.
Combining a broad approach to economics with mathematically-based analysis, this important new book will be welcomed by economists wanting to go beyond the boundaries of neoclassical economics, without losing the rigour of modern economic theory.

List of figures and tables
Contributors
Acknowledgements
Foreword
Lance Taylor
Analytical political economy: an introductionp. 1
Fiscal policy and the natural ratep. 33
On the modelling of systemic financial fragilityp. 49
Profits and growth dynamicsp. 77
On the long-run stability of capitalist economies: implications of a model of growth and distributionp. 93
Endogenous technical change, accumulation, and distributionp. 121
Technical progress, diffusion and uneven growth: an evolutionary vintage modelp. 148
Some suggestions for linking arbitrage, symmetries, and the social theory of valuep. 185
Prices, capacity utilization and employment in the post-Keynesian traditionsp. 211
A classical theory of the terms of trade for newly industrializing countriesp. 231
Agrarian structure, labour supplies and the terms of tradep. 247
Foreign exchange and fiscal constraints on growth: a reconsideration of structuralist and macroeconomic approachesp. 271
The rational basis of wage determination in regimes of high inflationp. 293
The break-up of the mixed economy in Nicaraguap. 310
Indexp. 341
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9781858980324
ISBN-10: 1858980321
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 368
Published: January 1994
Publisher: Edward Elgar Publishing Ltd
Country of Publication: GB
Dimensions (cm): 24.13 x 16.51  x 2.54
Weight (kg): 0.68

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