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Analytical Political Economy. Surveys of Recent Research in Economics

  • ID: 4427393
  • Book
  • 408 Pages
  • John Wiley and Sons Ltd
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The term Analytical Political Economy denotes formal, rigorous approaches both theoretical and empirical to economics that lie beyond the boundaries of conventional, mainstream analysis based on Walrasian general equilibrium. This book provides a series of articles that survey recent developments within the field and offers readers a wide range of topics and theoretical approaches that are critically and thoroughly reviewed. It offers a unique picture of recent developments including macroeconomic theories of growth and distribution; agent–based and stock–flow consistent models; financialization; Marxian price and value theory; exploitation theory; trade theory; the role of expectations and ′animal spirits′ on macroeconomic performance; and empirical research in Marxian economics. Contributions are written according to the highest standards of rigor and clarity that characterize academic work and the book provides a comprehensive and well–organized survey of cutting–edge empirical and theoretical work covering an exceptionally wide range of areas and fields.

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1. Analytical Political Economy 1Roberto Veneziani and Luca Zamparelli

2. Taking Stock: A Rigorous Modelling of Animal Spirits in Macroeconomics 5Reiner Franke and Frank Westerhoff

3. The Agent–Based Approach to Post Keynesian Macro–Modeling 39Corrado Di Guilmi

4. Stock–Flow Consistent Macroeconomic Models: A Survey 63Michalis Nikiforos and Gennaro Zezza

5. Heterodox Theories of Economic Growth and Income Distribution: A Partial Survey 103Amitava Krishna Dutt

6. Endogenous Technical Change in Alternative Theories of Growth and Distribution 139Daniele Tavani and Luca Zamparelli

7. Minsky Models: A Structured Survey 175Maria Nikolaidi and Engelbert Stockhammer

8. Financialization and Investment: A Survey of the Empirical Literature 207Leila E. Davis

9. Quantitative Empirical Research in Marxist Political Economy: A Selective Review 237Deepankar Basu

10. Value, Price, and Exploitation: The Logic of the Transformation Problem 269Simon Mohun and Roberto Veneziani

11. A Progress Report on Marxian Economic Theory: On the Controversies in Exploitation Theory Since Okishio (1963) 307Naoki Yoshihara

12. South South and North South Economic Exchanges: Does it Matter who is Exchanging What and with Whom? 339Omar S. Dahi and Firat Demir

Index 381

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Roberto Veneziani
Luca Zamparelli
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