Edward J. NellThe General Theory of Transformational Growth
Keynes After Sraffa
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Preface
Acknowledgments
Part I. History or Equilibrium?: 1. The idea of transformational growth
2. The stylized facts of the old business cycle and the new
Part II. Method and Approach: The Active Mind: 3. Conceptual truths and empirical observation
4. Rationality, structure and behavior
Part III. Money and the Golden Rule: 5. Circulation and production: the need for money Appendix: recent theories of circulation
6. Circulation and instability: the supply of money
Part IV. The Wage-Profit Trade-Off: 7. The classical system: the Golden Rule, labor, and the wage-profit trade-off
Appendix: a numerical example
8. The classical system: gravitation and market adjustment
9. Cycles and growth: market adjustment in craft conditions
Part V. Investment and Mass Production: 10. Demand growth, pricing and investment plans
11. Inflation, employment, and market adjustment in mass production
Appendix: stability of the modes of operation
Part VI. Money and Fluctuations in the Modern Economy: 12. Money and interest in the Keynesian system
13. Growth and cycles: financially constrained instability under mass production
Appendix: Stability of modes of operation
Conclusions: 14. Keynesian themes on classical grounds
Bibliography
Index.
