Contents: Introduction 1. First Reactions to The General Theory 2. An Economist from Poland 3. Generalizing The General Theory 4. Those Cambridge Controversies 5. Outside Cambridge: The First US Post Keynesians 6. Against the Mainstream: Post Keynesian Economics in the 1970s 7. Economic Heresy Around the World 8. Money and the Monetarists 9. Uncertainty, Expectations and Method 10. Keynes, Kalecki, Sraffa: Coherence? 11. Post Keynesians and Other Deviants 12. A Promise that Bounced? References Index
J.E. King, Emeritus Professor, La Trobe University, Australia and Honorary Professor, Federation University Australia
‘A History of Post Keynesian Economics Since 1936 offers a
thoughtful and readable account of the debates following the
publication of Keynes's General Theory of Employment, Interest and
Money. It provides a topical narrative that incorporates the
national origins of the participants. . . [King's] volume deserves
shelf space in the personal libraries of heterodox economists of
all persuasions and, hopefully, will also be read by more than a
few neoclassicals.'
*Ingrid Rima, Eastern Economic Journal*
'This is an important and well-written book, particularly for those
who believe that the economy should be studied within a social,
historical and political framework. John King is to be commended
for preserving the history of this movement.'
*Peter Kriesler, Australian Journal of Political Science*
'. . . the volume is a fine book about the evolution of PKE. It is
well written and very informative. . . This book is a wonderful
attempt to elucidate the work of several generations of dissenting
economists who have laboured hard on developing and extending the
original theoretical insights of Keynes.'
*Giuseppe Fontana, History of Economic Ideas*
'One cannot help having high expectations about a book on the
history of Post Keynesian economics (PKE) written by John E. King.
. . And indeed, the reader will not be disappointed. The book will
undoubtedly become the standard history of PKE. Written with a rich
and intimate knowledge of the debates and their participants, the
book swiftly takes the reader through decades of debate and tours
various areas of PK research.'
*Engelbert Stockhammer, Intervention*
'King's book does not just provide an excellent history of post
Keynesian economics, warts and all; it also shows that there is a
future to work for. His book belongs on the bookshelves of all post
Keynesian and all heterodox economists, without exception.'
*Frederic S. Lee, Journal of the History of Economic Thought*
'John E. King provides students and young scholars with a book that
will answer most of their questions concerning the emergence, the
strengthening and the spreading of post Keynesianism all around the
world. This innovative work is very valuable for its historical
perspective.'
*Eric Tymoigne, Oeconomicus*
'King provides an accessible and comprehensive history of post
Keynesian (PK) thought since publication of J.M. Keynes's General
Theory. . . . the book will make an excellent text in
graduate-level theory courses. Further, the depth and clarity of
the analysis makes this essential reading even for those quite
familiar with the PK approach. . . . an excellent book loaded with
insightful analysis and citations to most of the relevant
literature.'
*L. Randall Wray, Journal of Economic Literature*
'Displaying scholarship of the highest calibre, King provides a
broad and comprehensive history of post Keynesian economics from
The General Theory up to the present day . . . The book is well
written and contains many good anecdotes and tidbits. It will prove
to be the standard history of post Keynesian economics for many
years to come, thus making it an invaluable and indispensable
reference source. Very highly recommended for all academic
collections, lower-division undergraduate through faculty.'
*Steve Pressman, Choice*
'A thorough, thoughtful, issue-related history such as this is just
the thing to contribute to the growing maturity of post Keynesian
economics, clarifying where we have got to now, and indicating how
the approach might develop in the future. By making sense of the
twists and turns of post Keynesian thought, John King provides a
sense of coherence out of a complex process.'
*Sheila C. Dow, University of Stirling, UK*
'This book provides a thorough account of the evolution of post
Keynesian economics from its origins in interpretations of the
General Theory in the late 1930s through to the present day. During
this period the character of post Keynesian economics has changed
from denoting the ideas of a small number of interpreters of Keynes
to a more organised dissenting group spread across several
continents. John King's book will interest anyone who wants to
understand this transition or who has an interest in the more
general question of how and why heterodox traditions have been
established in economics.'
*Roger E. Backhouse, University of Birmingham, UK*
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