A structured post-Keynesian reading list
This reading list provides introductory and advanced readings for those interested in post-Keynesian economics. The readings cover various topics and include journal articles, book chapters and books. The reading list is primarily intended for undergraduate and postgraduate students as well as for academics who wish to incorporate post-Keynesian economics into their teaching. The list has purposefully been kept short, but tries to give a broad overview of the richness of post-Keynesian economics. The reading list is structured by thematic headings and we suggest a few readings for each topic. The list is not comprehensive and unavoidably excludes some important readings. Additional valuable sources can be found in the reference lists of the suggested readings.
The reading list was last updated in April 2023.
Introduction
Introduction to post-Keynesian economics
- Arestis, P. (1996). ‘Post-Keynesian economics: Towards coherence’, Cambridge Journal of Economics, 20 (11), pp. 111-135.
- Eichner, A., Kregel, J. (1975). ‘An essay on Post-Keynesian theory: A new paradigm in economics’, Journal of Economic Literature, 13 (4), pp. 1293-1320.
- Hein, E. (2017). ‘Post-Keynesian macroeconomics since the mid 1990s: main developments’. European Journal of Economics and Economic Policies: Intervention, 14(2), pp.131-172.
- King, J.E. (2013). ‘A brief introduction to Post Keynesian macroeconomics’, Wirtschaft und Gesellschaft - WuG, 39 (4), pp. 485-508.
- Stockhammer, E. (2017). ‘Post-Keynesian economics’. Chapter 1 in Fischer, L., Hasell, J., Proctor, J.C., Uwakwe, D., Ward-Perkins, Z. and Watson, C. (eds), Rethinking Economics: An Introduction to Pluralist Economics, Routledge.
Macroeconomics
Distribution and growth
Introductory
- Blecker, R.A. (2016). ‘Wage-led versus profit-led demand regimes: the long and the short of it’, Review of Keynesian Economics, 4 (4), pp. 373-390.
- Hein, E. (2014). ‘The basic Kaleckian distribution and growth models’, chapter 6 in Hein, E., Distribution and Growth after Keynes. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Lavoie, M., Stockhammer, E. (2014). ‘Wage-led growth: Concepts, theories and policies’, chapter 1 in Lavoie, M., Stockhammer, E. (eds), Wage-led Growth: An Equitable Strategy for Economic Recovery. London and New York: Palgrave Macmillan.
- Stockhammer, E., Onaran, Ö. (2012). ‘Rethinking wage policy in the face of the Euro crisis: Implications of the wage-led demand regime’, International Review of Applied Economics, 26 (2), pp. 191-203.
Advanced
Theoretical analyses
- Bhaduri, A., Marglin, S. (1990). ‘Unemployment and the real wage: the economic basis for contesting political ideologies’, Cambridge Journal of Economics, 14 (4), pp. 375-393.
- Blecker, R.A. (2002). ‘Distribution, demand and growth in neo-Kaleckian macro-models’, chapter 8 in Setterfield, M. (ed.), The Economics of Demand-led Growth: Challenging the Supply-side Vision of the Long-run. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Dutt, A.K. (2017). ‘Heterodox theories of economic growth and income distribution: a partial survey’, Journal of Economic Surveys, 31 (5), pp. 1240-1271.
- Hein, E., van Treeck, T. (2010). ‘‘Financialisation’ in post-Keynesian models of distribution and growth: A systematic review’, chapter 13 in Setterfield, M. (ed.), Handbook of Alternative Theories of Economic Growth. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Empirical analyses
- Hein, E., Vogel, L. (2008). ‘Distribution and growth reconsidered – empirical results for six OECD countries’, Cambridge Journal of Economics, 32 (3), pp. 479-511.
- Naastepad, C.W.M., Storm S. (2007). ‘OECD demand regimes (1960-2000)’, Journal of Post Keynesian Economics’, 29 (2), pp. 211-246.
- Onaran, Ö., Galanis, G. (2014). ‘Income distribution and aggregate demand: National and global effects’, Environment and Planning A, 46 (2), pp. 373-397.
- Onaran, Ö., Obst, T. (2016). ‘Wage-led growth in the EU15 member-states: the effects of income distribution on growth, investment, trade balance and inflation’, Cambridge Journal of Economics, 40 (6), pp. 1517–1551.
Unemployment
Introductory
- King, J.E. (2001). ‘Labor and unemployment’, chapter 8 in Holt, R.P.F., Pressman, S. (eds), A New Guide to Post-Keynesian Economics. London and New York: Routledge.
- Smith, R., Zoega, G. (2009). ‘Keynes, investment, unemployment and expectations’, International Review of Applied Economics, 23 (4), pp. 427-444.
- Stockhammer, E (2011). ‘Wage norms, capital accumulation and unemployment: A post Keynesian view’, Oxford Review of Economic Policy, 27 (2), pp. 295–311.
Advanced
- Davidson, P. (1998). ‘Post Keynesian employment analysis and the macroeconomics of OECD unemployment’, The Economic Journal, 108 (448), pp. 817-831.
- Stockhammer, E. (2008). ‘Is the NAIRU theory a monetarist, New Keynesian, Post Keynesian or a Marxist theory?’, Metroeconomica, 59 (3), pp. 479-510.
- Storm, S, Naastepad, C.W.M. (2007). ‘It is high time to ditch the NAIRU’, Journal of Post Keynesian Economics, 29 (4), pp. 531-554.
Inflation
Introductory
- Lavoie, M. (2014). ‘Inflation theory’, chapter 8 in Lavoie, M., Post-Keynesian Economics: New Foundations. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Rowthorn, R. (1977). ‘Conflict, inflation and money’, Cambridge Journal of Economics, 1 (3), pp. 215-239.
- Wray, L.R. (2001). ‘Money and inflation’, chapter 8 in Holt, R.P.F., Pressman, S. (eds), A New Guide to Post-Keynesian Economics. London and New York: Routledge.
Advanced
- Arestis, P., Sawyer, M. (2005). ‘Aggregate demand, conflict and capacity in the inflationary process’, Cambridge Journal of Economics, 29 (6), pp. 959-974.
- Setterfield, M. (2007). ‘The rise, decline and rise of incomes policies in the US during the post-war era: An institutional-analytical explanation of inflation and the functional distribution of income’. Journal of Institutional Economics, 3 (2), pp. 127-146.
- Taylor, L. (2004). ‘Prices and distribution’, chapter 2 in Taylor, L., Reconstructing Macroeconomics. Structuralist Proposals and Critiques of the Mainstream. Cambridge, Massachusetts and London: Harvard University Press.
International economics
Introductory
- Blecker, R.A. (2012). ‘International economics’, in King, J.E. (ed.), The Elgar Companion to Post Keynesian Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Harvey, John. T. (2019) ‘Exchange rates and the balance of payments: Reconciling an inconsistency in Post Keynesian theory’, Journal of Post Keynesian Economics, 42(3), 390-415.
Advanced
- Blecker, R.A. (2011). ‘Open economy models of distribution and growth’, chapter 9 in Hein, E., Stockhammer, E. (eds), A Modern Guide to Keynesian Macroeconomics and Economic Policies. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Davidson, P. (2015). Full employment, open economy macroeconomics, and Keynes’ General Theory: Does the Swan diagram suffice?, Working Paper 95, Institute for New Economic Thinking.
- Lavoie, M. (2014). ‘Open-economy macroeconomics’, chapter 7 in Lavoie, M., Post-Keynesian Economics: New Foundations. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Taylor, L. (2004). ‘Exchange Rate Complications’, chapter 10 in Taylor, L., Reconstructing Macroeconomics. Structuralist Proposals and Critiques of the Mainstream. Cambridge, Massachusetts and London: Harvard University Press.
Economic policy
Introductory
- Arestis, P., Sawyer, M. (1998). ‘Keynesian economic policies for the new millennium’, The Economic Journal, 108 (446), pp. 181-195.
- Arestis, P, McCauley, C., Sawyer, M. (2001). ‘An alternative stability pact for the European Union’, Cambridge Journal of Economics, 25 (1), pp. 113-130.
- Harcourt, G. C., Kriesler, P. (2015). ‘Post-Keynesian theory and policy for modern capitalism’, Journal of Australian Political Economy, 75, pp. 27-41.
- Shapiro, N. (2012). ‘Keynes, Steindl, and the critique of austerity economics’, Monthly Review, 64 (3), pp. 103-113.
Advanced
- Asensio, A., Hayes, M. (2009). ‘The Post Keynesian alternative to inflation targeting’, European Journal of Economics and Economic Policies: Intervention, 6 (1), pp. 65-79.
- Davidson, P. (2009). ‘Reforming the world’s money’, chapter 8 in Davidson, P., The Keynes Solution: The Path to Global Economic Prosperity. London and New York: Palgrave Macmillan.
- Epstein, G.A., Dutt, D. (2018). ‘Public Banks, Public Orientation and the Great Financial Crisis of 2007–2008’, chapter 15 in Costabile, L. and Neal, L. (eds.), Financial Innovation and Resilience, London and New York: Palgrave Macmillan.
- Kalecki, M. (1943). ‘Political aspects of full employment’, The Political Quarterly, 14 (4), pp. 322-330.
- Tymoigne, R. (2008). ‘Minsky and economic policy: ‘Keynesianism’ all over again?’, Working Paper 547, The Levy Economics Institute of Bard College.
Supply-side and demand-side interactions
- Dutt, A. (2006). ‘Aggregate demand, aggregate supply and economic growth’, International Review of Applied Economics, 20 (3), pp. 319-36.
- Setterfield, M. (2013). ‘Exploring the supply side of Kaldorian growth models’, Review of Keynesian Economics, 1 (1), pp. 22-36
- Skott, P. (2019). Autonomous demand, Harrodian instability and the supply side, Metroeconomica, 70 (2), pp. 233-246.
- Tavani, D., Zamparelli, L. (2017). ‘Endogenous technical change in alternative theories of growth and distribution’, Journal of Economic Surveys, 31 (5), 1272-1303.
Stock-flow consistent modelling
- Caverzasi, E., Godin, A. (2015). ‘Post-Keynesian stock-flow-consistent modelling: a survey’, Cambridge Journal of Economics, 39 (1), pp. 157-187.
- Lavoie, M., Godley, W. (2001-2). ‘Kaleckian models of growth in a coherent stock-flow monetary framework: A Kaldorian view’, Journal of Post Keynesian Economics, 24 (2), pp. 277-311.
- Le Heron, E., Mouakil, T. (2008). ‘A Post-Keynesian stock-flow consistent model for dynamic analysis of monetary policy shock on banking behaviour’, Metroeconomica, 59 (3), pp. 405-440.
- Nikiforos, M., Zezza, G. (2017). ‘Stock‐flow consistent macroeconomic models: A survey’, Journal of Economic Surveys, 31 (5), pp. 1204-1239.
Post-Keynesian macroeconomics and agent-based modelling
- Caiani, A., Godin, A., Caverzasi, E., Gallegati, M., Kinsella, S., Stiglitz, J.E. (2016). ‘Agent based-stock flow consistent macroeconomics: Towards a benchmark model’, Journal of Economic Dynamics & Control, 69, pp. 375-408.
- Di Guilmi, C. (2017). ‘The agent‐based approach to Post Keynesian macro‐modeling’, Journal of Economic Surveys, 31 (5), pp. 1183-1203.
- Dosi, G., Fagiolo, G., Roventini, A. (2010). ‘Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles’, Journal of Economic Dynamics & Control, 34 (9), pp. 1748-1767.
- Gibson, B., Setterfield, M. (2018). ‘Real and financial crises in the Keynes-Kalecki structuralist model: An agent-based approach’, Metroeconomica, 69 (3), pp. 566-592.
Development and structural change
Balance-of-payments constrained growth
Introductory
- McCombie, J.S.L., Thirlwall, A.P. (1999). ‘Growth in an international context: A Post-Keynesian view’, chapter 3 in Deprez, J., Harvey, J.T. (eds), Foundations of International Economics: Post Keynesian Perspectives. London and New York: Routledge.
- Thirlwall, A.P. (2013). ‘Balance of payments constrained growth: Theory and evidence’, chapter 5 in Thirlwall, A.P., Economic Growth in an Open Developing Economy: The Role of Structure and Demand. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Advanced
- Blecker, R. A. (2022). ’New advances and controversies in the framework of balance-of-payments-constrained growth’, Journal of Economic Surveys, 36 (2), pp. 429-467.
- Cimoli, M., Porcile, G. (2014). ‘Technology, structural change and BOP-constrained growth: a structuralist toolbox, Cambridge Journal of Economics, 38, pp. 215-237.
- Perraton, J. (2003). ‘Balance of payments constrained growth and developing countries: an examination of Thirlwall’s hypothesis’, International Review of Applied Economics, 17 (1), pp. 1‐22.
Structural change and industrial policy
Introductory
- Bresser-Pereira, L.C. (2020) ‘New Developmentalism: development macroeconomics for middle-income countries’, Cambridge Journal of Economics, 44, pp. 629-646.
- Kaldor, N. (2013 [1970]) ‘The case for regional policies’, Scottish Journal of Political Economy, 60 (5), pp. 481-491.
- Kalecki, M. (1955). ’The problem of financing of economic development.’ Indian Economic Review, 2 (3), pp. 1-22.
- Missio, F., Jayme Jr, F.G., Oreiro, J.L. (2015) ‘The structuralist tradition in economics: methodological and macroeconomic aspects’, Brazilian Journal of Political Economy, 35 (2), pp. 247-266.
- Storm, S., Naastepad C.W.M. (2005). ‘Strategic Factors in Economic Development: East Asian Industrialization 1950-2003’, Development and Change 36 (6), pp. 1059–94
Advanced
- Blecker, R.A. (2013). ‘Long-run growth in open economies: export-led cumulative causation or a balance-of-payments constraint?’ in: G.C. Harcourt and P. Kriesler (eds) The Oxford Handbook of Post-Keynesian Economics, vol 1, Theory and Origins, UK: Oxford University Press, pp. 390-414.
- Dutt, A.K. (2008). ‘General long-run approaches to growth and development’, in: Dutt A.K. and Ros J. (eds) International Handbook of Development Economics, Edward Elgar.
- Skott, P. (1999). ‘Growth and stagnation in a two-sector model: Kaldor’s Mattioli Lectures, Cambridge Journal of Economics, 23, pp. 353-370.
- Taylor, L. (2004). ‘Growth and development theories’, chapter 11 in Taylor, L., Reconstructing Macroeconomics. Structuralist Proposals and Critiques of the Mainstream. Cambridge, Massachusetts and London: Harvard University Press.
- Thirlwall, A.P. (2014).‘Kaldor’s 1970 Regional Growth Model Revisited’, Scottish Journal of Political Economy, 61 (4), pp. 343-347.
Finance
Monetary economics (including endogenous money)
Introductory
- Arestis, P., Sawyer, M. (2006). ‘The nature and the role of monetary policy when money is endogenous’, Cambridge Journal of Economics, 30 (6), pp. 847-860.
- Davidson, P. (2006). ‘Keynes and money’, chapter 9 in Arestis, P., Sawyer, M. (eds), A Handbook of Alternative Monetary Economics, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Fontana, G. (2017). ‘A revisitation of the debate between the horizontalist and structuralist analyses of endogenous money: Single-period analysis versus continuation analysis’, chapter 19 in Rochon, L.-P., Rossi, S. (eds), Advances in Endogenous Money Analysis, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Wray, L.R., Tymoigne, E. (2009). ‘Macroeconomics meets Hyman P. Minsky: The financial theory of investment’, chapter 12 in Fontana, G., Setterfield, M. (eds), Macroeconomic Theory and Macroeconomic Pedagogy. London and New York: Palgrave Macmillan.
Advanced
- Fullwiller, S.T. (2017). ‘Modern central bank operations: The general principles’, chapter 2 in Rochon, L.-P., Rossi, S. (eds), Advances in Endogenous Money Analysis, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Howells, P. (2006). ‘The endogeneity of money: Empirical evidence’, chapter 4 in Arestis, P., Sawyer, M. (eds), A Handbook of Alternative Monetary Economics, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Lavoie, M. (2014). ‘Credit, money and central banks’, chapter 4 in Lavoie, M., Post-Keynesian Economics: New Foundations, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Setterfield, M. (2017). ‘An essay on horizontalism, structuralism and historical time’, chapter 18 in Rochon, L.-P., Rossi, S. (eds), Advances in Endogenous Money Analysis, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Financial crises
Introductory
- Crotty, J. (2009). ‘Structural causes of the global financial crisis: A critical assessment of the ‘new financial architecture’ ’, Cambridge Journal of Economics, 33 (4), pp. 563-580.
- Minsky, H.P. (1992). The financial instability hypothesis, Working Paper 74, The Levy Economics Institute.
- Palley, T. (2009). The limits of Minsky’s financial instability hypothesis as an explanation of the crisis, Working Paper 11/2009, IMK.
- Stockhammer, E. (2015). ‘Rising inequality as a cause of the present crisis’, Cambridge Journal of Economics, 39 (3), pp. 935-958.
Advanced
- Dafermos, Y., Gabor, D., Michell, J. (2023). ‘Institutional supercycles: An evolutionary macro-finance approach’, New Political Economy, pp. 1-20.
- Dymski, G. (2010). ‘Why the subprime crisis is different: A Minskyian approach’, Cambridge Journal of Economics, 34 (2), pp. 239-255.
- Keen, S. (2015). ‘Post-Keynesian theories of crisis’, American Journal of Economics and Sociology, 74 (2), pp. 298-324.
- Kregel, J. (2009). The natural instability of financial markets, Working Paper 04/2009, The IDEAS Working Paper Series.
- Nikolaidi, M., Stockhammer, E. (2017). ‘Minsky models: A structured survey’, Journal of Economic Surveys, 31 (5), pp. 1304-1331.
Financialisation
Introductory
- Alves, C., Bonizzi, B., Kaltenbrunner, A., Gabriel Palma, J. (2022). ‘Conceptualising financialisation in developing and emerging economies: systemic and global perspectives’, Cambridge Journal of Economics, 46 (4), pp. 619-628.
- Bezemer, D., Hudson, M. (2016). ‘Finance is not the economy: reviving the conceptual distinction’, Journal of Economic Issues, 50 (3), pp. 745-768.
- Epstein, G.A. (2016). ‘Financialization’, chapter 15 in Rochon, L-P., Rossi, S. An Introduction To Macroeconomics: A Heterodox Approach To Economic Analysis. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Palley, T.I. (2007). ‘Financialization: What it is and why it matters’, Working paper 525, The Levy economics Institute of Bard College.
Advanced
- Bortz, P.G., Kaltenbrunner, A. (2018). The international dimension of financialization in developing and emerging economies, Development and Change, 49 (2), pp. 375-393.
- Karwowski, E., Stockhammer, E. (2017). Financialisation in emerging economies: a systematic overview and comparison with Anglo-Saxon economies, Economic and Political Studies, 5 (1), pp. 60-86.
- Skott, P., Ryoo, S. (2008). ‘Macroeconomic implications of financialisation’, Cambridge Journal of Economics, 32 (6), pp. 827-862.
- Stockhammer, E. (2004). ‘Financialization and the slowdown of accumulation’, Cambridge Journal of Economics, 28 (5), pp. 719‐41.
International finance
Introductory
- Bonizzi, B., Kaltenbrunner, A. (2020). Critical macro-finance, Post Keynesian monetary theory and emerging economies, Finance and Society, 6 (1), pp. 76-86.
- Gabor, D. (2020). Critical macro-finance: a critical lens, Finance and Society, 6 (1), pp. 45-55.
- Kaltenbrunner, A. (2015). A post Keynesian framework of exchange rate determination: a Minskyan approach, Journal of Post Keynesian economics, 38 (3), pp.426-448.
Advanced
- Gabor, D. (2021). The Wall Street Consensus, Development and Change, 52 (3), pp. 429-459.
- Kohler, K. (2022). Capital flows and geographically uneven economic dynamics: A monetary perspective, Environment and Planning A, 54 (8), pp. 1530-1511.
- Naqvi, N. (2022). Economic crisis, global financial cycles and state control of finance: public development banking in Brazil and South Africa, European Journal of International Relations, forthcoming.
Other Key Areas
Microeconomics
Introductory
- Dunn, S.P. (2002). ‘A Post Keynesian approach to the theory of the firm’, chapter 5 in Dow, S.C., Hillard, J. (eds), Post Keynesian Econometrics, Microeconometrics and the Theory of the Firm: Beyond Keynes, Volume 1. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Lavoie, M. (2001). ‘Pricing’, chapter 3 in Holt, R.P.F., Pressman, S. (eds), A New Guide to Post-Keynesian Economics. London and New York: Routledge.
- Lavoie, M. (2006). ‘Heterodox microeconomics’, chapter 2 in Lavoie, M. Introduction to Post-Keynesian Economics. London and New York: Palgrave Macmillan.
- Shapiro, N. (1981). ‘Pricing and the growth of the firm’, Journal of Post Keynesian Economics, 4 (1), pp. 85-100.
Advanced
- Harcourt, G.C. (2006). ‘Post-Keynesian theories of the determination of the mark-up’, chapter 2 in Harcourt, G.C., The Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers. Cambridge: Cambridge University Press.
- King, J.E. (2015). ‘Post-Keynesian microeconomics’, in King, J.E., Advanced Introduction to Post Keynesian Economics, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Lavoie, M. (1994). ‘A post Keynesian approach to consumer choice’, Journal of Post Keynesian Economics, 16 (4), 539-562.
- Lavoie, M. (2014). ‘Theory of the choice’, chapter 2 in Lavoie, M., Post-Keynesian Economics: New Foundations. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Lee, F.S. (1999). ‘The pricing model, the grounded pricing foundation, and Post Keynesian price theory’, chapter 12 in Lee, F.S., Post Keynesian Price Theory. Cambridge: Cambridge University Press.
Methodology
Introductory
- Chick, V. (1995). ‘Is there a case for Post Keynesian economics?’, Scottish Journal of Political Economy, 42 (1), pp. 20-36.
- Davidson, P. (2005). ‘The Post Keynesian school’, chapter 8 in Snowdon, B., Vane, H.R. (eds), Modern Macroeconomics: Its Origins, Development and Current State. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Dow, S.C. (2013). ‘Methodology and Post-Keynesian economics’, chapter 3 in Harcourt, G.C., Kriesler, P. (eds), The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology. New York: Oxford University Press.
- Hamouda, O.F., Harcourt, G.C. (1988). ‘Post Keynesianism: from criticism to coherence?’, Bulletin of Economic Research, 40, pp. 1-33.
Advanced
- Chick, V. (2013). ‘The future is open: On open-system theorising in economics’, chapter 3 in Jespersen, J., Madsen, M.O. (eds), Teaching Post Keynesian Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Davidson, P. (1991). ‘Is probability theory relevant for uncertainty?’, Journal of Economic Perspectives, 5 (1), pp. 129-143.
- Downward, P., Mearman, A. (2002). ‘Critical realism and econometrics: constructive dialogue with Post Keynesian economics’, Metroeconomica, 53 (4), pp. 391-415.
- Kregel, J. (1976). ‘Economic methodology in the face of uncertainty: The modelling methods of Keynes and the Post-Keynesians’, Economic Journal, 86 (342), pp. 209-225.
- Lavoie, M. (2011). ‘History and methods of Post-Keynesian economics’, chapter 1 in Hein, E., Stockhammer, E. (eds), A Modern Guide to Keynesian Macroeconomics and Economic Policies. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Critiques of mainstream approaches
- Arestis, P. (2009). ‘New consensus macroeconomics: A critical appraisal’, WP05-09, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge.
- Hayes, M. (2009). ‘Efficient markets hypothesis’, in King, J.E. (ed.), The Elgar Companion to Post Keynesian Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Felipe, J., McCombie, J. (2010). ‘On accounting identities, simulation experiments and aggregate production functions: A cautionary tale for (neoclassical) growth theorists’, chapter 9 in Setterfield, M. (ed.), Handbook of Alternative Theories of Economic Growth. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Palley, T.I. (2015). ‘The theory of global imbalances: mainstream economics vs structural Keynesianism’, Review of Keynesian Economics, 3 (1), pp. 45-62.
Cambridge capital controversies
- Cohen, A.J., Harcourt, G.C. (2003). ‘Retrospectives: Whatever happened to Cambridge capital controversies?’, Journal of Economic Perspectives, 17 (1), pp. 199-214.
- Harcourt, G.C. (1969). ‘Some Cambridge controversies in the theory of capital’, Journal of Economic Literature, 7 (2), pp. 369-405.
- King, J. (2002). ‘Those Cambridge controversies’, chapter 4 in King, J.E., A History of Post-Keynesian Economics since 1936. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Post-Keynesian economics and other schools of thought
- Chick, V., Tily, G. (2014). ‘Whatever happened to Keynes’s monetary theory?’, Cambridge Journal of Economics, 38 (3), pp. 681-699.
- King, J.E. (2012). ‘Post Keynesian and others’, Review of Political Economy, 24 (2), pp. 305-319.
- Lavoie, M. (2014). ‘Essentials of heterodox and post-Keynesian economics’, chapter 1 in Lavoie, M., Post-Keynesian Economics: New Foundations. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Development
- Cunha, A.M., Prates, D.M., da Silva, P.P. (2020). ‘External financial liberalization and macroeconomic performance in emerging countries: An empirical evaluation of the Brazilian case’, Development and Change, 51 (5), pp. 1225-1245.
- Dutt, A.K. (2002). ‘Thirwall’s law and uneven development’, Journal of Post Keynesian Economics 24 (3), pp. 367-390.
- Itaman, R., Wolf, C. (2019). ‘Industrial policy and monopoly capitalism in Nigeria: Lessons from the Dangote business conglomerate’, Development and Change, 52 (6), pp. 1473-1502.
- Naqvi, N. (2018). ‘Finance and industrial policy in unsuccessful developmental states: The case of Pakistan’, Development and Change, 49 (4), pp. 1064-1092.
- Vernengo, M. (2006). ‘Technology, finance, and dependency: Latin American radical political economy in retrospect’, Review of Radical Political Economics, 38 (4), pp. 551-568.
Environment
Introductory
- Dafermos, Y., Nikolaidi, M. (2019). ‘Fiscal policy and ecological sustainability: A post-Keynesian perspective’, PKES Working paper 1912.
- Fontana, G., Sawyer, M. (2016). ‘Towards post-Keynesian ecological macroeconomics’, Ecological Economics, 121, pp. 186-195.
- Strunk, B., Ederer, S., Rezai, A. (2022). The role of labor in a socio-ecological transition: combining post-Keynesian and ecological economics perspectives, European Journal of Economics and Economic Policies: Intervention, 19 (1), pp.103-118.
Advanced
- Bovari, E., Giraud, G., Mc Isaac, F. (2018). ‘Coping with collapse: A stock-flow consistent monetary macrodynamics of global warming’, Ecological Economics, 147, pp. 383-398.
- Dafermos, Y., Nikolaidi, M., Galanis, G. (2017) ‘A stock-flow-fund ecological macroeconomic model’, Ecological Economics, 131, pp. 191-207.
- Fontana, G., Sawyer, M., 2022. Would a zero-growth economy be achievable and be sustainable?. European Journal of Economics and Economic Policies: Intervention, 19(1), pp.89-102. https://www.elgaronline.com/view/journals/ejeep/19/1/article-p89.xml
- Hein, E., Jimenez, V. (2022). The macroeconomic implications of zero growth: a post-Keynesian approach, European Journal of Economics and Economic Policies: Intervention, 19 (1), pp. 41-60.
- Rezai, A., Taylor, L., Foley, D. (2018). ‘Economic growth, income distribution, and climate change’, Ecological Economics, 146, pp. 164-172.
Gender
- Braunstein, E., van Staveren, I., Tavani, D. (2011). ‘Embedding care and unpaid work in macroeconomic modeling: A structuralist approach’, Feminist Economics, 17 (4), pp. 5-31.
- Onaran, Ö., Oyvat, C., Fotopoulou, E. (2021). ‘Gendering macroeconomic analysis and development policy: a theoretical model’, Feminist Economics, 28 (3), pp. 23-55
- Seguino, S. (2020). ‘Engendering macroeconomic theory and policy’, Feminist Economics, 26 (2), pp. 27-61.
- Todorova, Z. (2009). ‘Towards a gendered Post Keynesian–institutional analysis’, chapter 4 in Todorova, Z., Money and Households in a Capitalist Economy: A Gendered Post Keynesian-Institutional Analysis, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- van Staveren, I. (2010). ‘Post-Keynesianism meets feminist economics’, Cambridge Journal of Economics, 34 (6), pp. 1123-1144.
Race
- Agesa, J., Agesa, R.U. (2007). ‘Market structure-driven discrimination and the earnings of subordinate managers: an analysis by union density’, Journal of Post Keynesian Economics, 30 (2), pp. 205–225.
- Arestis, P., Charles, A., Fontana, G. (2015). ‘Power, intergroup conflicts and social stratification in the United States: What has the Global Crisis Taught us?’, Review of Social Economy, 73 (4), pp. 370-387.
- Darity, W. Jr. (2002). ‘Racial/Ethnic Disparity and Economic Development’, chapter 7 in Davidson, P. (ed.), A Post Keynesian Perspective on Twenty-First Century Economic Problems. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Dymski, G., Hernandez, J., Mohanty, L. (2013). ‘Race, gender, power, and the US subprime mortgage and foreclosure crisis: A meso analysis’, Feminist Economics, 19 (3), pp. 124-151.
- Seguino, S. (2019). ‘Feminist and stratification theories' lessons from the crisis and their relevance for post-Keynesian theory’, European Journal of Economics and Economic Policies: Intervention, 16 (2), pp. 193-207.
Income and wealth inequality
- Botta, A., Caverzasi, E., Russo, A., Gallegati, M., Stiglitz, J.E., (2021). Inequality and finance in a rent economy, Journal of Economic Behavior & Organization, 183, pp. 998-1029.
- Ederer, S., Mayerhofer, M., Rehm, M. (2019). ‘Rich and ever richer? Differential returns across socioeconomic groups’, Journal of Post Keynesian Economics, 44 (2), pp. 283-301.
- Szymborska, H.K. (2019). ‘Wealth structures and income distribution of US households before and after the Great Recession’, Structural Change and Economic Dynamics, 51, pp. 168-185.
- Tippet, B., Onaran, Ö., Wildauer, R. (2022). ‘The effect of labor’s bargaining power on wealth inequality in the UK, USA, and France’, Review of Income and Wealth, forthcoming.
Growth regimes and comparative political economy
- Baccaro, L., Pontusson, J. (2016). Rethinking comparative political economy: the growth model perspective, Politics & Society, 44 (2), pp. 175-207.
- Behringer, J., van Treeck, T. (2019). Income distribution and growth models: a sectoral balances approach, Politics & Society, 47 (3), pp. 303-332.
- Stockhammer, E. (2022). Post-Keynesian macroeconomic foundations for comparative political economy, Politics & Society, 50 (1), pp. 156-187.
- Stockhammer, E., Durand, C., List, L. (2016). European growth models and working class restructuring: an international post-Keynesian political economy perspective, Environment and Planning A: Economy and Space, 48 (9), pp. 1804-1828.
Books
Classic books
Handbooks/companions
Introductory
- Harcourt, G.C., Kriesler, P. (2013). The Oxford Handbook of Post-Keynesian Economics, Volume 1: Theory and Origins, New York: Oxford University Press.
- Harcourt, G.C., Kriesler, P. (2013). The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology, New York: Oxford University Press.
- King, J.E. (2012). The Elgar Companion to Post Keynesian Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Advanced
- Arestis, P., Sawyer, M. (2006). A Handbook of Alternative Monetary Economics, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Backhouse, R.E., Bateman, B.W. (2006). The Cambridge Companion to Keynes, London and New York: Palgrave Macmillan.
- Epstein, G., Wolfson, M. (2013). The Handbook of the Political Economy of Financial Crises, New York: Oxford University Press.
- Papadimitriou, D., Wray, L.R. (2010). The Elgar Companion to Hyman Minsky, UK and Northampton, MA, USA: Edward Elgar.
- Setterfield, M. (2010). Handbook of Alternative Theories of Economic Growth. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Textbooks
- Blecker, R.A., Setterfield, M. (2019). Heterodox macroeconomics: Models of demand, Distribution and Growth. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Chick, V. (1983). Macroeconomics after Keynes: A Reconsideration of the General Theory. Cambridge, MA: The MIT Press.
- Davidson, P. (2011). Post Keynesian Macroeconomic Theory. Cheltenham, UK and Northampton, MA, USA: Edward Elgar, 2nd edition.
- Dutt, A.K. (1990). Growth, Distribution, and Uneven Development. Cambridge: Cambridge University Press.
- Hein, E. (2011). Distribution and Growth after Keynes. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Hein, E. (2023). Macroeconomics after Kalecki and Keynes: Post-Keynesian Foundations. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Holt, R.P.F., Pressman, S. (2001). A New Guide to Post-Keynesian Economics. London and New York: Routledge.
- King, J.E. (2002). A History of Post-Keynesian Economics since 1936. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- King, J.E. (2015). Advanced Introduction to Post Keynesian Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Lavoie, M. (2006). An Introduction to Post-Keynesian Economics. London and New York: Palgrave Macmillan.
- Lavoie, M. (2014). Post-Keynesian Economics: New Foundations. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Taylor, L. (2004). Reconstructing Macroeconomics. Structuralist Proposals and Critiques of the Mainstream. Cambridge, Massachusetts and London: Harvard University Press.
Edited books
- Arestis, P., Sawyer, M.C. (2010). 21st Century Keynesian Economics. Basingstoke and New York: Palgrave Macmillan.
- Bonizzi, B., Kaltenbrunner, A., Ramos, R.A. (2021). Emerging Economies and the Global Financial System: Post-Keynesian Analysis. London and New York: Routledge.
- Dow, S., Jespersen, J. Tily, G. (2018). Money, Method and Contemporary Post-Keynesian Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Dymski, G., Pollin, R. (1994). New Directions in Monetary Macroeconomics: Essays in the Tradition of Hyman P. Minsky. University of Michigan Press.
- Fazzari, S.M., Papadimitriou, D. (1992). Financial Conditions and Macroeconomic Performance. New York and London: ME Sharpe.
- Ferrari-Filho, F., de Paula, L.F. (2023). Central Banks and Monetary Regimes in Emerging Countries: Theoretical and Empirical Analysis of Latin America. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Fontana, G., Setterfield, M. (2009). Macroeconomic Theory and Macroeconomic Pedagogy. London and New York: Palgrave Macmillan.
- Harcourt, G.C., Kerr, P. (2009). Joan Robinson. London and New York: Palgrave Macmillan.
- Harcourt, G., Kriesler, P., Halevi, J., Nevile, J. (2016). Post-Keynesian Essays from Down Under Volume I: Essays on Keynes, Harrod and Kalecki Theory and Policy in an Historical Context. London and New York: Palgrave Macmillan.
- Hein, E., Stockhammer, E. (2011). A Modern Guide to Keynesian Macroeconomics and Economic Policies. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Kappes, S., Rochon, L.P., Vallet, G. (2022). The Future of Central Banking. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Palley, T., E.P., Caldentey, Vernengo, M. (2023). Varieties of Capitalism Second-Generation Perspectives. Cheltenham, UK and Northampton. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Rochon, L.-P., Rossi, S. (2016). An Introduction to Macroeconomics: A Heterodox Approach to Economic Analysis. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Rochon, L.-P., Rossi, S. (2017). Advances in Endogenous Money Analysis, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Rochon, L.-P., Rossi, S. (2018). A Modern Guide to Rethinking Economics, Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Rochon, L.-P., Rossi, S. (2023). Elgar Encyclopedia of Post-Keynesian Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
Monographs
- Cardim de Carvalho, F.J. (1992). Mr. Keynes and the Post Keynesians: Principles of Macroeconomics for a Monetary Production Economy. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Davidson, P. (2015). Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Davidson, P. (2017). Who’s Afraid of John Maynard Keynes? Challenging Economic Governance in an Age of Growing Inequality. London and New York: Palgrave Macmillan.
- Dow, S.C. (1985). Macroeconomic Thought: A Methodological Approach. Oxford: Basil Blackwell.
- Dow, S.C. (1996). The Methodology of Macroeconomic Thought: A Conceptual Analysis of Schools of Thought in Economics. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Eatwell, J., Milgate, M. (2011). The Fall and Rise of Keynesian Economics. New York: Oxford University Press.
- Eichner, A.S. (1976). The Megacorp and Oligopoly Micro Foundations of Macro Dynamics. UK: Cambridge University Press.
- Galbraith, J.K. (2012). Inequality and Instability: A Study of the World Economy Just Before the Great Crisis. New York: Oxford University Press.
- Graziani, A. (2009). The Monetary Theory of Production. Cambridge: Cambridge University Press.
- Harcourt, G.C. (2006). The Structure of Post-Keynesian Economics: The Core Contributions of the Pioneers. Cambridge: Cambridge University Press.
- Harcourt, G.C. (2022). Some Cambridge controversies in the theory of capital. Cambridge University Press.
- Harris, D.J. (1978). Capital Accumulation and Income Distribution. Stanford University Press.
- Kaldor, N. (1982). The Scourge of Monetarism, New York: Oxford University Press.
- Keen, S. (2011). Debunking Economics: The Naked Emperor Dethroned?, Zed Books, UK.
- Marglin, S. (1984). Growth, Distribution, and Prices. Cambridge, Massachusetts and London: Harvard University Press.
- Minsky, H.P. (1975). John Maynard Keynes. New York-London: McGraw-Hill.
- Moore, B.J. (1988). Horizontalists and verticalists: The macroeconomics of credit money. Cambridge: Cambridge University Press.
- Pasinetti, L.L. (2007). Keynes and the Cambridge Keynesians: A ‘Revolution in Economics’ to be Accomplished. Cambridge, Massachusetts and London: Harvard University Press.
- Sheehan, B. (2009). Understanding Keynes’ General Theory. London and New York: Palgrave Macmillan.
- Steindl, J. (1990). Economic Papers 1941-88. London and New York: Palgrave Macmillan.
- Taylor, L. (2010). Maynard's Revenge: The Collapse of Free Market Macroeconomics. Cambridge, Massachusetts and London: Harvard University Press.
- Thirlwall, A.P. (2002). The Nature of Economic Growth: An Alternative Framework for Understanding the Performance of Nations. Cheltenham, UK and Northampton, MA, USA: Edward Elgar.
- Thirwall, A.P. (2015). Essays on Keynesian and Kaldorian Economics. London and New York: Palgrave Macmillan.
- Toporowski, J. (2013). Michał Kalecki: An Intellectual Biography, Volume I: Rendezvous in Cambridge 1899-1939. London and New York: Palgrave Macmillan.
- Toporowski, J. (2018). Michał Kalecki: An Intellectual Biography, Volume II: By Intellect Alone 1939-1970, London and New York: Palgrave Macmillan.
- Wray, R. (2012). Modern Money Theory a Primer on Macroeconomics for Sovereign Monetary Systems. Basingstoke and New York: Palgrave Macmillan.
