Nicholas Kaldor and Mainstream Economics Confrontation or Convergence [Paperback]

An examination of the role of Nicholas Kaldor within economics. Topics covered range from Kaldor's discovery of the Von Neumann input-output model, to cyclical growth in a Kaldorian model, to Nicholas Kaldor as advocate of commodity reserve currency.Part 1 Nicholas Kaldor - an overall evaluation: Nicholas Kalder 1908-1986, A.P.Thirwall; Nicholas Kaldor remembered, J.K.Galbraith. Part 2 Methodology and basic approach: Kaldor between Hayek and Keynes, or - did Nicky kill capital theory? M.Desai; a sweeping new non-substitution theorem - Kaldor's discovery of the Von Neumann input-output model, P.A.Samuelson; equilibrium and stability in classical theory, D.J.Harris; on the resolution of conflicts by compensation, U.Krause; the impact of the division of labour on market relations, T.Scitovsky. Part 3 Saving and distribution: profit squeeze and Keynesian theory, S.A.Marglin and A.Bhaduri; post-Keynesian theory of distribution in the long run, N.Salvadori; corporate behaviour, valuation ratio and macro-economic analysis, G.Abraham-Frois. Part 4 Money and macroeconomics: the endogeneity of money, H.P.Minsky; on the endogeneity of money supply, J.Tobin; Marx, Keynes, Kalecki and Kaldor on the rate of interest as a monetary phenomenon, B.J.Moore; money - cause or effect? exogenous or endogenous?, P.Davidson; change, continuity and originality in Kaldor's monetary theory, M.Lavoie. Part 5 Business cycles: a Keynesian business cycle, R.Day; perfect foresight cycles in a Marxian-Keynesian model of accumulation with money, D.K.Foley; wandering around the warranted path - dynamic nonlinear solutions to the harrodian knife-edge, A.Shaikh; a dynamical macroeconomic growth model wth external financing of firms - a numerical stability analysis, R.Franke and W.Semmler; a working model of slump and recovery from disturbances to capital-goods demand in a closed non-monetary economy, E.S.Phelps; cyclical growth in a Kaldorian model, P.Skott; endogenous credit and endogenous business cyclC%