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.