Keynes and the Cambridge Keynesians: A 'Revolution in Economics' to be Accomplished

by Luigi L. Pasinetti

Overview

What was the Keynesian revolution in economics? Why did it not succeed to the extent that Keynes and his close pupils had hoped for? Keynes and the Cambridge Keynesians addresses these and other questions by tracing the historical development of Keynesian economics. The book is split into three parts. Part I contains the author's Caffè Lectures on Keynes's 'unaccomplished revolution'. Part II is a series of biographical essays where the author, himself a witness and participant of the group on which he writes, presents the successful and unsuccessful endeavours of Keynes's most important pupils: Richard Kahn, Joan Robinson, Nicholas Kaldor, Pierro Sraffa and Richard Goodwin. Part III of the book looks to the future by developing a conceptual analytical framework that makes sense of Keynes's 'revolution in economics', discussing the many ways in which the Keynesian way of doing economics is incompatible with the neoclassical tradition.

Product Details

ISBN-13:	9780521107723
Publisher:	Cambridge University Press
Publication date:	01/29/2009
Series:	Federico Caffe Lectures
Edition description:	Reissue
Pages:	412
Product dimensions:	5.50(w) x 8.50(h) x 1.10(d)

About the Author

Luigi L. Pasinetti is Professor Emeritus at the Università Cattolica del Sacro Cuore, Milan, Italy. He was a student of Pierro Sraffa and a leading member of the second generation of Cambridge Keynesians.

Table of Contents

Preface; Part I. Keynes's Unaccomplished Revolution (The Federico Caffé Lectures, 1995) : 1. A decision to break with Orthodoxy; 2. The 'revolution' after Keynes; References for Part I; Part II. The Cambridge School of Keynesian Economics: 3. Richard Ferdinand Kahn, 1905–1989 co-author of the General Theory?; 4. Joan Violet Robinson, 1903–1983 the woman who missed the Nobel Prize in economics; 5. Nicholas Kaldor, 1908–1986 growth, income distribution, technical progress; 6. Pierro Sraffa, 1898–1983 the critical mind; 7. Richard Murphey Goodwin, 1913–1996 The missed Keynes-Schumpeter connection; 8. References for Part II; Part III. Towards a Production Paradigm for an Expanding Economy: 9. Beyond neoclassical economics; 10. The stage of 'pure economic theory'; 11. The stage of institutional investigation; 12. Back to the future of the 'Keynesian revolution'; References for Part III; Index.