Pragmatic Keynesian Economics: An Example Syllabus

  1. American Institutionalism – Additional Readings
  2. Keynes, The General Theory – Additional Readings
  3. Keynes: Managing Capitalism – Additional Readings
  4. Schumpeter, Theory of Economic Development – Additional Readings
  5. Post-Keynesians – Additional Readings
  6. Post Keynesians Today: Growth Models & Inequality – Additional Readings
  7. The Regulation School – Additional Readings

This syllabus is adapted from a course taught by Gary Herrigel at UChicago in the winter of 2019.

American Institutionalism

  • Veblen, Thorstein. 2009. “Why Is Economics Not an Evolutionary Science?.” (PDF) & “Industrial and pecuniary employments” (1901) (JSTOR PDF) & “On the nature of capital,” Parts I and II (1908)
  • Commons, John R. 1931. “Institutional Economics.” The American Economic Review, V. 21, No 4 (PDF)
  • Mitchell, W C. 1935. “Commons on Institutional Economics.” The American Economic Review 25(4):635–52. (JSTOR PDF)
  • Mitchell, W C. 1924. “Commons on the Legal Foundations of Capitalism.” The American Economic Review 14(2):240–53. (JSTOR PDF)
  • Mitchell, W C. 1916. “The Role of Money in Economic Theory.” The American Economic Review 6(1):140–61. (JSTOR PDF)
  • Cannan, Edwin. 1934. “Capital and the Heritage of Improvement.” Economica 1(4):381. (JSTOR PDF)

Additional Reading:

  • Hamilton, W. H. (1919), ‘The institutional approach to economic theory,’ The American Economic Review, 9(1), 309–318. (JSTOR PDF)
  • Commons, J. (1924), The Legal Foundations of Capitalism. Macmillan: New York, NY. (PDF)
  • Burns, E. M, 1931, “Does Institutionalism Complement or Compete with “Orthodox Economics?”, American Economic Review, Vol 21, No 1, March 1931, pp 1-9 (PDF)
  • Lawson, Clive. 2015. “Order and Process in Institutionalist Thought: Commons and Ayres.” Cambridge Journal of Economics 39(4):1053–69. (PDF)
  • Lewis, Paul. 2015. “Notions of Order and Process in Hayek: the Significance of Emergence.” Cambridge Journal of Economics 39(4):1167–90. (PDF)
  • Mitchell, W C. 1896. “The Quantity Theory of the Value of Money.” The Journal of Political Economy 4(2):139–65. (JSTOR PDF)
  • Mitchell, W C. 1904. “The Real Issues in the Quantity-Theory Controversy.” The Journal of Political Economy 12(3):403–8. (JSTOR PDF)
  • Mitchell, W C. 1914. “Human Behavior and Economics: a Survey of Recent Literature.” The Quarterly Journal of Economics 29(1):1. (JSTOR PDF)
  • Mitchell, Wesley C., 1927. Business Cycles: The Problem and its Setting. New York: National Bureau of Economic Research. (NBER)
  • Mitchell, W C. 1944a. “Facts and Values in Economics.” The Journal of Philosophy 41(8):212–19. (JSTOR PDF)
  • Mitchell, W C. 1944b. “The Role of Money in Economic History.” The Journal of Economic History 4:61–67. (JSTOR PDF)
  • Mitchell, Wesley C. 1936. Intelligence and the Guidance of Economic Evolution. (JSTOR PDF)
  • Mitchell, Wesley C., Frank H. Knight, and Frank D. Graham. 1944. “Discussion.” The American Economic Review, Vol. 34, No. 1, Part 2, Supplement, Papers and Proceedings of the Fifty-sixth Annual Meeting of the American Economic Association (Mar., 1944), pp. 48-57 1–11. (JSTOR PDF)
  • Ayres, C. E. (1944), The Theory of Economic Progress. University of North Carolina Press: Chapel Hill, NC. (PDF)
  • Burns, A. F. and W. C. Mitchell (1946), Measuring Business Cycles, National Bureau of Economic Research, Studies in Business Cycles, No. 2: New York, NY. (NBER)
  • Carver, T. N. (1918), ‘The behavioristic man,’ The Quarterly Journal of Economics, 33(1), 195–201. (JSTOR PDF)
  • Clark, J. M. (1918), ‘Economics and modern psychology: I,’ Journal of Political Economy, 26(1), 1–30. (JSTOR PDF)
  • Clark, J. M. (1955), ‘Competition: static models and dynamic aspects,’ American Economic Review, 45(2), 450–462. (JSTOR PDF)
  • Hodgson, GM. 2007. “The Revival of Veblenian Institutional Economics.” Journal of Economic Issues 41(2):325. (PDF)
  • Ayres, Clarence E. n.d. “The Co-Ordinates of Institutionalism.” The American Economic Review, V. 41, No 2 (JSTOR PDF)
  • Pickens, Donald K. 2009. “Clarence E. Ayres and the Legacy of German Idealism.” American Journal of Economics and Sociology, Vol 46, No 3 (Jul., 1987), pp 287-298 1–13. (JSTOR PDF)
  • Stanfield, JR and M Wrenn. 2005. “John Kenneth Galbraith and Original Institutional Economics.” Journal of Post Keynesian Economics 28(1):26–45. (JSTOR PDF)
  • Teixeira, Ruy and John Halpin. 2011. “The Origins and Evolution of Progressive Economics.” Center for American Progress Pamphlet 2011 1–31. (CAP PDF)
  • Mayhew, A. 2010. “Clarence Ayres, Technology, Pragmatism and Progress.” Cambridge Journal of Economics 34(1):213–22. (PDF)
  • Albert, A and Y Ramstad. 1998. “The Social Psychological Underpinnings of Commons’s Institutional Economics II: the Concordance of George Herbert Mead’s” Social Self” and John R. Commons’s“ Will”.” Journal of Economic Issues 32(1):1–46. (JSTOR PDF)
  • Bartley, R H. and S E. Bartley. 2000. “Stigmatizing Thorstein Veblen: a Study in the Confection of Academic Reputations.” International Journal of Politics, Culture, and Society 14(2):363–400. (JSTOR PDF)
  • Berle, A A. 1953. “Wesley Clair Mitchell: the Economic Scientist.” Journal of the American Statistical Association 48(262):169–75. (JSTOR PDF)
  • Breslau, D. 2003. “Economics Invents the Economy: Mathematics, Statistics, and Models in the Work of Irving Fisher and Wesley Mitchell.” Theory and Society 32(3):379–411. (JSTOR PDF)
  • Hirsch, A. 1967. “The American Setting and Wesley Clair Mitchell’s View of Traditional Economics.” Journal of Economic Issues 1(1/2):74–85. (JSTOR PDF)
  • Lawson, Clive. 2015a. “Order and Process in Institutionalist Thought: Commons and Ayres.” Cambridge Journal of Economics 39(4):1053–69. (PDF) (see above)
  • Lawson, Tony. 2015b. “Process, Order and Stability in Veblen.” Cambridge Journal of Economics 39(4):993–1030. (PDF)
  • Martins, Nuno O. 2015. “Interpreting the Capitalist Order Before and After the Marginalist Revolution.” Cambridge Journal of Economics 39(4):1109–27. (PDF)
  • Mayhew, A. 2010. “Clarence Ayres, Technology, Pragmatism and Progress.” Cambridge Journal of Economics 34(1):213–22. (PDF) (see above)
  • Mongiovi, Gary. 2009. “Emigré Economists and American Neoclassical Economics, 1933–1945.” Journal of the History of Economic Thought 27(04):427–37. (PDF)
  • Pratten, Stephen. 2015. “Dewey on Habit, Character, Order and Reform.” Cambridge Journal of Economics 39(4):1031–52. (PDF)
  • Reinert, E S. and A M. Daastøl. 1998. “Production Capitalism vs. Financial Capitalism–Symbiosis and Parasitism. an Evolutionary Perspective.” Published Online at http://www. othercanon. org. (PDF)
  • Reinert, S A. 2006. “Darwin and the Body Politic: Schaffle, Veblen, and the Shift of Biological Metaphor in Economics.” (PDF Download)
  • Rutherford, M. 1981. “Clarence Ayres and the Instrumental Theory of Value.” Journal of Economic Issues 657–73. (JSTOR PDF)
  • Whalen, C J. 1993. “Saving Capitalism by Making It Good: the Monetary Economics of John R. Commons.” Journal of Economic Issues 27(4):1155–79. (JSTOR PDF)
  • Rosenberg, N. (2011), ‘Was Schumpeter a Marxist?’ Industrial and Corporate Change, 20(4), 1229–1233. (PDF)
  • Nelson, R. R. and S. G. Winter (1982), An Evolutionary Theory of Economic Change. Harvard University Press: Cambridge, MA. (full book PDF)
  • Nelson, R. R. and S. G. Winter (2002), ‘Evolutionary theorizing in economics,’ Journal of Economic Perspectives, 16(2), 23–46. (PDF)
  • Winter, S. G. (1964), ‘Economic natural selection and the theory of the firm,’ Yale Economic Essays, 4, 225–272. (PDF)
  • Hodgson, G. M. (1998), ‘The approach of institutional economics,’ Journal of Economic Literature, 36(1), 166–192. (JSTOR PDF)
  • Hodgson, G. M. (2006), ‘What are institutions?’ Journal of Economic Issues, 40(1), 1–25. (JSTOR PDF)
  • Dosi, G. and R. R. Nelson (2010), ‘Technological change and industrial dynamics as evolutionary processes,’ in B. Hall and N. Rosenberg (eds), Handbook of Economic Innovation. Elsevier: New York, NY. (PDF)
  • Mazzoleni, R and R R. Nelson. 2013. “An Interpretive History of Challenges to Neoclassical Microeconomics and How They Have Fared.” Industrial and Corporate Change 22(6):1409–51. (PDF)
  • Winter, S G. 2014. “Optimization as Constraint: A Comment on Mazzoleni and Nelson.” Industrial and Corporate Change 23(2):613–31. (PDF)
  • Homan, Paul T. 1932. “An Appraisal of Institutional Economics.” American Economic Review 22 (March): 10–17. (PDF)
  • Homan, Paul T. et al. 1937. “Economic Theory–Institutionalism: What It Is and What It Hopes to Become.” The Review of Economic Studies, Vol. 4, No. 2 (Feb., 1937), pp. 77-97. (PDF?)
  • Yonay, Yuval P. 1998. The Struggle Over the Soul of Economics: Institutionalist and Neoclassical Economists in America Between the Wars. Princeton, NJ: Princeton University Press. (JSTOR Book Page)

Keynes-General Theory of Employment, Interest & Money

Additional Reading: 

  • Peter Temin and David Vines, 2013, The Leaderless Economy: Why the World Economic System Fell Apart and How to Fix It. (Princeton: Princeton University Press). (JSTOR Book Page)
  • Peter Temin & David Vines, 2014, Keynes: Useful Economics for the World Economy. (Cambridge: MIT Press). (EBSCO)
  • Harrod, R F. 1939. “An Essay in Dynamic Theory.” The Economic Journal 49(193):14. (JSTOR PDF)
  • Harrod, RF. 1937. “Mr. Keynes and Traditional Theory.” Econometrica, Journal of the Econometric Society 5(1):74–86. (JSTOR PDF)
  • Hicks, JR. 1937. “Mr. Keynes and the‘ Classics’; a Suggested Interpretation.” Econometrica, Journal of the Econometric Society 5(2):147–59. (JSTOR PDF)
  • Hicks, J. 1974. “Capital Controversies: Ancient and Modern.” The American Economic Review 64(2):307–16. (JSTOR PDF)
  • Hicks, J and S Hollander. 1977. “Mr. Ricardo and the Moderns.” The Quarterly Journal of Economics 91(3):351–69. (JSTOR PDF)
  • Robertson, D H., Piero Sraffa, and G F. Shove. 1930. “Increasing Returns and the Representative Firm.” The Economic Journal 40(157):79. (JSTOR PDF)
  • Solow, RM. 1984. “Mr Hicks and the Classics.” 36(supp):13. (JSTOR PDF)
  • Palley, Thomas. 2017. “The General Theory at 80: Reflections on the History and Enduring Relevance of Keynes’ Economics.” Investigación Económica 76(301):87–101. (PDF)
  • Temin, Peter and David Vine, 2015. “Keynes and the World Economy Today.” Challenge 58(5):386–97. (PDF)
  • Hicks, J. R. (1954), ‘The Process of Imperfect Competition’, Oxford Economic Papers, 6, 41–54, (JSTOR PDF)
  • Robinson, J. (1933), ‘A Parable of Saving and Investment’, Economica, 13, 75–84. (JSTOR PDF)
  • Robinson, J. (1942), An Essay on Marxian Economics, London: Macmillan, 2nd edn, 1966. (Book PDF)
  • Kahn, R. F. (1931), ‘The Relation of Home Investment to Unemployment’, Economic Journal, 41, 173–98. (JSTOR PDF)
  • Kaldor, N. (1934), ‘A Classificatory Note on the Determinates of Equilibrium’, Review of Economic Studies, 1, 122–36. (JSTOR PDF)
  • Kaldor, N. (1939), ‘Speculation and Economic Stability’, Review of Economic Studies, 7, 1–27. (JSTOR PDF)
  • Kaldor, N. (1955–56), ‘Alternative Theories of Distribution’, Review of Economic Studies, 23, 83–100. (JSTOR PDF)
  • Paul Mattick, Marx and Keynes: The Limits of the Mixed Economy (Boston: Porter Sargent, 1969); (Marxists.org)
  • Antonio Negri, “Keynes and the Capitalist Theory of the State Post-1929,” in Revolution Retrieved: Writings on Marx, Keynes, Capitalist Crisis and New Social Subjects (London: Red Notes, 1988), 9–42 (low quality PDF)
  • Mann, Geoff. 2015. “Poverty in the Midst of Plenty: Unemployment, Liquidity, and Keynes’s Scarcity Theory of Capital.” Critical Historical Studies 2(1):45–83. (JSTOR PDF)
  • Mann, Geoff. 2016. “Keynes Resurrected? Saving Civilization, Again and Again.” Dialogues in Human Geography 6(2):119–34. (Journal Page)
  • Backhouse R and Bateman B (2011) Capitalist Revolutionary: John Maynard Keynes. Cambridge: Cambridge University Press (JSTOR Book Page)
  • Mongiovi, Gary (2020) “Was Keynes A Socaialist?” Catalyst Vol. 3 No. 4 Winter (link to Catalyst)

Keynes: Managing Capitalism

  • John Maynard Keynes, “The End of Laissez Faire,” originally a 1925 essay, Collected Writings version, vol. IX, pp. 272-294. (Essay Text)
  • John Maynard Keynes, “Am I a Liberal?” originally a 1926 essay, Collected Writings version, vol. IX, pp. 295-306. (Essay Text)
  • John Maynard Keynes, “How to Avoid a Slump,” originally published in the London Times, January 12-14, 1937, Collected Writings version, vol. XXI, pp. 383-395. (Essay Text)
  • John Maynard Keynes, “The Economic Consequences of Mr. Churchill,” (1925) Collected Writings version, vol. IX, pp. 207-230. (Essay Text)

Additional Reading:

  • Kirshner, J. 2009. “Keynes, Legacies, and Inquiry.” Theory and Society 38(5):527–41 (JSTOR PDF)
  • Kirshner, Jonathan. 2015. “Keynes’s Early Beliefs and Why They Still Matter.” Challenge 58(5):398–412. (PDF)
  • Fisher, M R. 1976a. “Professor Hicks and the Keynesians.” Economica 43(171):305–14. (JSTOR PDF)
  • Gordon, Robert J. n.d. “What Is New-Keynesian Economics?.” (JSTOR PDF)
  • Mankiw, N G. 2006. “The Macroeconomist as Scientist and Engineer.” The Journal of Economic Perspectives. (PDF)
  • Mankiw, N G. National Bureau of Economic Research. 1990. A Quick Refresher Course in Macroeconomics. (PDF)
  • Mankiw, NG. 1993. “Symposium on Keynesian Economics Today.” Journal of Economic Perspectives 7(1):3–4. (PDF)
  • Stiglitz, J. 1993. “Post Walrasian and Post Marxian Economics.” The Journal of Economic Perspectives 7(1):109–14. (PDF)
  • Dillard, D. 1980. “A Monetary Theory of Production: Keynes and the Institutionalists.” Journal of Economic Issues 255–73. (JSTOR PDF)
  • DiLeo P (2009) The Return of Keynes? International Socialist Review 63. Available at: http://www.isreview.org/ issues/63/return-keynes (accessed 26 May 2016). (online)
  • Mattick P (1969) Marx and Keynes: The Limits of the Mixed Economy. Boston: Porter Sargent. (Marxists.org)
  • Negri A (1988) Revolution Retrieved: Writings on Marx, Keynes, Capitalist Crisis and New Social Subjects. London: Red Notes. (Book PDF)

Schumpeter, Theory of Economic Development

Additional Reading:

  • Schumpeter, J. A. (1942) Capitalism, Socialism and Democracy. Harper and Brothers, New York. (Book PDF)
  • Wolfgang F Stolper, 1994, Joseph Alois Schumpeter. The Public Life of a Private Man, (Princeton University Press) (JSTOR Book Page)
  • Bennion, EG. 1943 “Unemployment in the Theories of Schumpeter and Keynes.” The American Economic Review, Vol. 33, No. 2 (Jun., 1943), pp. 336-347 (JSTOR PDF)
  • Evangelista, Rinaldo. 2018. “Technology and Economic Development: the Schumpeterian Legacy.” Review of Radical Political Economics 50(1):136–53. (PDF)
  • Fisher, Franklin M. and Peter Temin. 2001. “Returns to Scale in Research and Development: What Does the Schumpeterian Hypothesis Imply?.” Journal of Political Economy 81(1):56–70. (JSTOR PDF)
  • Foster, John B. 1983. “Theories of Capitalist Transformation: Critical Notes on the Comparison of Marx and Schumpeter.” The Quarterly Journal of Economics 98(2):327. (JSTOR PDF)
  • Samuelson, Paul A. 1983. “1983: Marx, Keynes and Schumpeter.” Eastern Economic Journal 9(3):166–79. (JSTOR PDF)
  • Samuelson, P. A. (1951), ‘Schumpeter as a teacher and economic theorist,’ The Review of Economics and Statistics, 33(2), 98–103. (JSTOR PDF)
  • Smithies, Arthur. 2018. “Schumpeter and Keynes.” The Review of Economics and Statistics, Vol. 33, No. 2 (May, 1951), pp. 163-169 33(2):163–69. (JSTOR PDF)
  • Toye, John. 2006. “Hans Singer’s Debts to Schumpeter and Keynes.” Cambridge Journal of Economics 30(6):819–33. (PDF)
  • Wright, David M. 1950. “Schumpeter and Keynes. the Future of Keynesian Economics.” Weltwirtschaftliches Archiv, Bd. 65 (1950), pp. 185-199 (JSTOR PDF)
  • Winter, S. G. (2006), ‘Towards a neo-Schumpeterian theory of the firm,’ Industrial and Corporate Change, 15(1), 125–14 (PDF)
  • Mann, F K. 1958. “Bemerkungen Über Schumpeters Einfluß Auf Die Amerikanische Wirtschaftstheorie.” Weltwirtschaftliches Archiv 149–75. (JSTOR PDF) (German)

Post-Keynesians

  • Kalecki, Michael. 1943. “Political Aspects of Full Employment.” Political Quarterly 14: 322-31. (PDF)
  • Kalecki, Michael. 1937. “A Theory of the Business Cycle.” The Review of Economic Studies, Vol. 4, No. 2 (Feb., 1937), pp. 77-97. (JSTOR PDF)
  • Kalecki, Michael. 1935. “A Macrodynamic Theory of Business Cycles.” Econometrica 3(3):327. (JSTOR PDF)
  • Minsky, Hyman, “The Evolution of Financial Institutions and the Performance of the Economy” Journal of Economic Issues, Vol. 20, No. 2 (Jun., 1986), pp. 345-353 (PDF)
  • Minsky, Hyman, “The Financial Instability Hypothesis: An Interpretation of Keynes and an Alternative to “Standard” Theory” Challenge, Vol. 20, No. 1 (MARCH/APRIL 1977), pp. 20-27 (JSTOR PDF)
  • Bhaduri, Amit and Stephen Marglin. 1990. “Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies.” Cambridge Journal of Economics 14(4):375–93. (JSTOR PDF)
  • Marglin, Stephen A. 1984. “Growth, Distribution, and Inflation: A Centennial Synthesis.” Cambridge Journal of Economics 8(2):115–44. (PDF)

Additional Reading:

  • Minsky, H. P. 1986a [2008]. Stabilizing an unstable economy. New Haven, CT: Yale University Press. (PDF)
  • Minsky, Hyman P. 1996. “The Essential Characteristics of Post Keynesian Economics”. Levy Institute of Economics (PDF)
  • Minsky, H P. 1996. “Uncertainty and the Institutional Structure of Capitalist Economies.” Journal of Economic Issues 30(2):357–68. (PDF)
  • Minsky, Hyman, “Capitalist Financial Processes and the Instability of Capitalism”, Journal of Economic Issues, Vol. 14, No. 2 (Jun., 1980), pp. 505-523 (PDF)
  • Whalen, Charles J. 2001. “Integrating Schumpeter and Keynes: Hyman Minsky’s Theory of Capitalist Development.” Journal of Economic Issues 35(4):805–23. (JSTOR PDF)
  • Knell, Mark. 2014. “Schumpeter, Minsky and the Financial Instability Hypothesis.” Journal of Evolutionary Economics 25(1):293–310. (PDF Download Link)
  • Kalecki, Michael. 1937 “Full Employment by Stimulating Private Investment?.” The Review of Economic Studies, Vol. 4, No. 2 (Feb., 1937), pp. 77-97. (JSTOR PDF)
  • Kalecki, Michael. 1940. “The Supply Curve of an Industry Under Imperfect Competition.” The Review of Economic Studies 7(2):91. (JSTOR PDF)
  • Kalecki, Michael. 1938. “The Lesson of the Blum Experiment.” The Economic Journal 48(189):26. (JSTOR PDF)
  • Kalecki, Michael. 1941. “A Theorem on Technical Progress.” The Review of Economic Studies 8(3):178–84. (JSTOR PDF)
  • Assous, Julio L. G. A. M. 2012. Michal Kalecki (Great Thinkers in Economics). (Book PDF)
  • Kregel, J. A. (1976), ‘Economic Methodology in the Face of Uncertainty: The Modelling Methods of Keynes and the Post-Keynesians’, Economic Journal, 86, 209–25 (JSTOR PDF)
  • Crotty, James R. (1980), ‘Post-Keynesian Economic Theory: An Overview and Evaluation’, American Economic Review (Papers and Proceedings), 70, May, 20–25. (JSTOR PDF)
  • Bhaduri, Amit and Joan Robinson (1980), ‘Accumulation and Exploitation: An Analysis in the Tradition of Marx, Sraffa and Kalecki’, Cambridge Journal of Economics, 4, 103–15. (JSTOR PDF)
  • Lawson, Catherine L. and Larry L. Lawson. 1990. “Financial System Restructuring: Lessons From Veblen, Keynes, and Kalecki.” Journal of Economic Issues 24(1):115–31. (JSTOR PDF)
  • Mazzucato, M & Wray, L, . 2015. “Financing the Capital Development of the Economy: a Keynes-Schumpeter-Minsky Synthesis.” Levy Institute of Economics Working Paper No. 837, pp1–65. (PDF)
  • Perez, C. 2010. “Technological Revolutions and Techno-Economic Paradigms.” Cambridge Journal of Economics 34(1):185–202. (PDF)
  • Kurz, Heinz D. and Neri Salvadori. 2002. Understanding “Classical” Economics. Routledge. (Publisher)
  • Berg, Maxine (editor), Political Economy in the Twentieth Century (Rowman & Littlefield, 1990).

Post Keynesians Today: Growth Models & Inequality

  • Lavoie, Marc and Engelbert Stockhammer. 2013. “Wage-Led Growth: Concept, Theories and Policies.” ILO Working Paper. Conditions of Work and Employment Series No. XX  Pp. 13–39. (PDF)
  • Stockhammer, E. 2015. “Rising Inequality as a Cause of the Present Crisis.” Cambridge Journal of Economics 39(3):935–58. (PDF)
  • Lavoie, Marc. 2018. “Rethinking Macroeconomic Theory Before the Next Crisis.” Review of Keynesian Economics 6(1):1–21. (PDF Download Link)
  • Block, F. 2016. “The Contradictory Logics of Financialization: Bringing Together Hyman Minsky and Karl Polanyi.” Politics & Society 44(1):3–13. (PDF)
  • Baccaro, Lucio and J Pontusson. 2016. “Rethinking Comparative Political Economy: The Growth Model Perspective.” Politics & Society 44(2):175–207. (PDF)
  • Baccaro, Lucio and Jonas Pontusson. 2018. “Comparative Political Economy and Varieties of Macroeconomics.” Conference Paper August 1–47. (PDF)

Additional Reading:

  • Harcourt, Geoffrey, “Finance, Speculation and Stability: Post-Keynesian Policies for Modern Capitalism (2010)” in  idem, On Skidelsky’s Keynes and Other Essays Selected Essays of G. C. Harcourt  pp 256-272, (SpringerLink)
  • Karwowski, E, M Shabani, and E Stockhammer. 2017. “Financialization: Dimensions and Determinants. a Cross-Country Study.” 5th icCSBs 2017 The Annual International Conference on Cognitive – Social and Behavioural Sciences 112–18. (PDF)
  • Lavoie, Marc. 1995. “The Kaleckian Model of Growth and Distribution and Its Neo-Ricardian and Neo-Marxian Critiques.” Cambridge Journal of Economics. (JSTOR PDF)
  • Hein, E, Marc Lavoie, and T van Treeck. 2011. “Some Instability Puzzles in Kaleckian Models of Growth and Distribution: a Critical Survey.” Cambridge Journal of Economics 35(3):587–612. (PDF)
  • Epstein, Gerald. 2018. “On the Social Efficiency of Finance” edited by S. Storm. Development and Change 49(2):330–52. (PDF Download Link)
  • Bortz, Pablo G. and Annina Kaltenbrunner. 2017. “The International Dimension of Financialization in Developing and Emerging Economies” edited by S. Storm. Development and Change 49(2):375–93. (PDF)

The Regulation School

  • Aglietta, Michel, Money: 5,000 Years of Debt and Power (Verso)

Additional Readings

  • Aglietta, Michel, A theory of capitalist regulation (Verso)
  • Robert Brenner & Mark Glick, The Regulation Approach: Theory and History (NLR)
  • André Orléan, The Empire of Value: A New Foundation for Economics