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Growth, Employment and Inflation: Essays in Honour of John Cornwall

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During the past four decades, John Cornwall has produced a variety of novel insights into the workings of capitalist economies. His motivation has always been, and remains, a keen desire to better the societies in which we live. This volume features 17 essays from internationally renowned scholars, all of whom owe an intellectual debt to John Cornwall.

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Overview

During the past four decades, John Cornwall has produced a variety of novel insights into the workings of capitalist economies. His motivation has always been, and remains, a keen desire to better the societies in which we live. This volume features 17 essays from internationally renowned scholars, all of whom owe an intellectual debt to John Cornwall.

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Product Details

  • ISBN-13: 9780312220136
  • Publisher: Palgrave Macmillan
  • Publication date: 5/28/1999
  • Edition description: REV
  • Pages: 294
  • Product dimensions: 5.40 (w) x 8.86 (h) x 0.99 (d)

Meet the Author

Mark Setterfield is Associate Professor of Economics at Trinity College.

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Table of Contents

List of Tables
List of Figures
List of Contributors
1 Introduction 1
2 The Vital Contributions of John Cornwall to Economic Theory and Policy: A Tribute from Two Admiring Friends on the Occasion of His 70th Birthday 10
Pt. I Reflections on the Methodology and Practice of Economics
3 Soros on 'Free Market' Equilibria 27
4 Economics and Complexity 41
5 Modelling a Path-Dependent Economy: Lessons from John Cornwall's Macrodynamics 57
6 Post-Keynesianism and Institutionalism: Another Look at the Link 72
7 Are Economists Social Scientists? 88
8 Deregulation: The Anatomy of a Catchword 100
Pt. II Economic Growth in Theory and Practice
9 'Modern Capitalism' in the 1970s and 1980s 113
10 A Problem with the Empirical Neoclassical Analysis of Multisector Growth 127
11 Integration and Convergence in the European Union 149
12 Kaldor's Growth Laws and the Principle of Cumulative Causation 166
13 Social Capital and the Economy 180
Pt. III The Political Economy of Unemployment and Inflation
14 The Rise of Unemployment and Working Poverty: An Evolutionary Macroeconomic Perspective 195
15 A Post-Walrasian Explanation of Wage and Price Inflexibility and a Keynesian Unemployment Equilibrium System 211
16 Unemployment and Post-Keynesian Monetary Theory 226
17 Wage Determination, Capital Shortage and Unemployment: A Comparison between Germany and the UK 241
18 The Institutional Determinants of Unemployment 254
Works 271
Index 275
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