Book Reviews

Abstract

Twenty-one papers explore approaches and issues in post-Keynesian economics, with a special focus on critiques and methodology. Papers discuss the microfoundations of macroeconomics; post-Keynesian economics, rationality, and conventions; methodology and post-Keynesian economics; post-Keynesian perspectives on some philosophical dimensions of John Maynard Keynes's economic thinking; two post-Keynesian approaches to uncertainty and irreducible uncertainty; interdisciplinary applications of post-Keynesian economics; post-Keynesian economics, critical realism, and social ontology; the traverse, equilibrium analysis, and post-Keynesian economics; a personal view of post-Keynesian elements in the development of economic complexity theory and its application to policy; how sound are the foundations of the aggregate production function?; Karl Marx and the post-Keynesians; macroeconomics and the L-shaped aggregate supply curve; a post-Keynesian perspective on the rise of central bank independence—a dubious success story in monetary economics; the post-Keynesian critique of the mainstream theory of the state and the post-Keynesian approaches to economic policy; a modern Kaleckian–Keynesian framework for economic theory and policy; post-Keynesian principles and economic policies; post-Keynesian distribution of personal income and pay; environmental economics and policy; theorizing about post-Keynesian economics in Australasia—aggregate demand, economic growth, and income distribution policy; the neoclassical sink and the heterodox spiral—why the twin global crisis has not transformed economics; and Keynesianism and the crisis. Harcourt is Emeritus Reader in the History of Economic Theory and Emeritus Fellow in Jesus College at Cambridge University and Professor Emeritus at the University of Adelaide. Kriesler is Associate Professor in the School of Economics at the University of New South Wales.