The general theory of transformational growth Keynes after Sraffa

Abstract

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.

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