Distribution and Growth after Keynes: A Post-Keynesian Guide

In this book theories of distribution and growth after Keynes are reviewed and assessed. The first part presents a comprehensive overview of the main contributions including the approaches by Harrod and Domar, old and new neoclassical theories including the fundamental capital controversy critique, the post-Keynesian contributions of Kaldor, Pasinetti, Thirlwall and Robinson, as well as the approaches by Kalecki and Steindl. The second part of the book develops neo- and post-Kaleckian models, gradually introducing saving from wages and international trade, technological progress, money, interest and credit. It also explores issues of 'financialisation' and presents the empirical results of model applications.