Research Workshop and Seminar in Macroeconomics: Topics in Post Keynesian Economics
Term:
Fall 2011
Subject Code:
GECO
Course Number:
6334
This course focuses on the nexus between the
theory of distribution and the theory of effective demand. A distinctive
feature of post-Keynesian economics is its rejection of the marginalist theory
of distribution, but there is no consensus on an alternative. We explore
various approaches to distribution that have characterized post-Keynesian
literature, including the theory of distribution implicit in the General
Theory, the Kaleckian tradition, the Kaldor and Pasinetti equations, monetary
theory and income distribution, and the Sraffian approach. This course is a
seminar on macroeconomics, with an emphasis on student presentations. Students
are welcome to suggest other topics for discussion.
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