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This paper, in honour of John King, addresses the question raised by him in his A History of Post-Keynesian since 1936, reflected in the title. Initial surveys of post-Keynesian economics defined it in term of the Keynesian, Kaleckian and Sraffian strands. However, subsequently, it has become...
Persistent link: https://www.econbiz.de/10010751332
The paper argues that, from a dynamic efficiency perspective, intersections of factor price frontiers are irrelevant to the choice of techniques. Because every change in technique involves a temporary loss or gain in both profit and per capita consumption within the transition period, its...
Persistent link: https://www.econbiz.de/10010307118
The paper argues that, from a dynamic efficiency perspective, intersections of factor price frontiers are irrelevant to the choice of techniques. Because every change in technique involves a temporary loss or gain in both profit and per capita consumption within the transition period, its...
Persistent link: https://www.econbiz.de/10010735901
The paper argues that, from a dynamic efficiency perspective, intersections of factor price frontiers are irrelevant to the choice of techniques. Because every change in technique involves a temporary loss or gain in both profit and per capita consumption within the transition period, its...
Persistent link: https://www.econbiz.de/10009371789
The objective of the present article is to analyse the elements proposed by Celso Furtado regarding the process of overcoming underdevelopment - before and after "industrial civilization" - and to determine whether such attributes can characterize him as a neo(post)-Kaleckian. To accomplish this...
Persistent link: https://www.econbiz.de/10014550871
The Cambridge UK vs USA capital theory debates of the 1960s showed that the workhorse mainstream growth model relies on unsustainable assumptions. Its standard interpretation is not consistent with the last four decades of data. Part of an estimated increase in the ratio of personal wealth to...
Persistent link: https://www.econbiz.de/10013000949
The community of heterodox economists has lost Fred Lee, one of its fervent leaders, who has been at the center of the heterodox movement for the past three decades. The paper delineates Fred Lee’s wide-ranging contributions to heterodox economics focusing on the making of the history and...
Persistent link: https://www.econbiz.de/10011201287
Persistent link: https://www.econbiz.de/10012501514
Persistent link: https://www.econbiz.de/10012232885
Persistent link: https://www.econbiz.de/10012104731