This innovative book demonstrates that it is possible to construct a coherent alternative to neoclassical economics based on the contributions of post-Keynesian and Kaleckian economists. It identifies elements from the non-orthodox traditions, in particular from the neo-Ricardian school that can be welded into a convincing alternative theoretical framework.

Argues that it is possible to construct a coherent alternative to neo-classical economics based on the contributions of post-Keynesian and neo-Ricardian economists. It identifies elements from various non-orthodox traditions that can be used to construct an alternative theoretical framework.

This text assesses the impact of the profit rate on modern economies, its role in the allocation of resources among industries, its influence on business fluctuations, and its relation to accumulation, technological change and wages.

Petri (University of Siena) argues that many of the problems of general equilibrium theory arose with the shift from the traditional long-period method in the study of value and distribution to the very- short-period method characteristic of contemporary theory. He asserts that mathematical economists influenced by Hick's Value and capital inherite

Post Keynesian economics is moving beyond criticism of mainstream economics and is focusing on providing a positive alternative to orthodoxy. This book gathers carefully selected and original papers by a number of distinguished post Keynesian writers from Europe and the Americas and converges on the principles that should guide post Keynesian economic policy in the 21st century.

This important book presents a thematic selections of essays by leading post Keynesian economists from Europe and North America. It focuses on a major feature of post Keynesian economics namely the interrelationships between pricing, distribution and growth. It is no accident that these aspects were emphasised in the work of the founding fathers particularly Kalecki and Keynes. Included in the present volume are essays by scholars who have made significant contributions to our understanding of these relationships. Lying behind them is the emphasis on the role of time and uncertainty that...

Income Distribution in a Corporate Economy offers an examination of the influences of financial markets and imperfect competition on the distributive process. Unlike much of the earlier literature, it concentrates upon the short-run, making it suitable for empirical appraisal.

Based upon his life-long collaboration with Hyman Minsky, Piero Ferri explores and reconsiders Minsky's moments in the aftermath of the `Great Recession' of 2008. He sets out the analytical and methodological foundations of Minsky's financial instability hypothesis, offering insightful comments from a unique insider's perspective. This book stresses the necessity of including what has been recently discovered about Minsky's financial instability hypothesis into his lifelong research program, in order to obtain a more complete picture of both his vision and his analytical apparatus. It...