Titlebook: Essays on Keynesian and Kaldorian Economics; A. P. Thirlwall Book 2015 Palgrave Macmillan, a division of Macmillan Publishers Limited 2015

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A General Model of Growth and Development on Kaldorian Lines,ts complementarity with industry, in the early stages of development, with export growth taking over in the later stages. There can be little doubt from the empirical evidence (see Kaldor, 1966, 1967 and Sen, 1983) that the pace of long run growth and development is closely associated with the growt

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degradation

Introduction,ding of the functioning of capitalist economies, from what causes booms to what causes severe slumps. It is true that for the most part, . is comparative static analysis and deals with a closed economy, but nonetheless the foundations of macroeconomic theory were laid for the first time with far mor

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Keynesian Economics after Fifty Years,ho are wholly opposed to its teaching as well as by its adherents. Nearly 50 years after its appearance controversy still rages around its basic ideas and prescriptions, and I do not think that any major economist in the West would regard the issues raised by Keynes as finally settled. In this respe

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Keynesian Employment Theory Is Not Defunct,e recent high levels of unemployment in the United Kingdom and other countries, and that governments can no longer spend their way out of unemployment. There have been several lines of argument and attack, but three main camps or schools of thought are discernible which I shall call ‘the technologic

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The Relevance of Keynes Today with Particular Reference to Unemployment in Rich and Poor Countries,e-third of the world’s total labour force, are either openly unemployed with no work at all, or disguisedly unemployed in the sense that they work a suboptimal number of hours and would like to work more, but can’t. Job creation for all those who want to work at the prevailing money wage is one of t

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Keynes, Economic Development and the Developing Countries,nstitutional mechanisms perpetuating and even widening these divisions. The largest rift is undoubtedly between average living standards in the industrialised countries of the northern hemisphere and those prevailing the majority of countries in the southern hemisphere in Asia, Africa and Latin Amer