Growth, Employment and Inflation: Essays in Honour of John Cornwall

Front Matter....Pages i-xiii
Introduction....Pages 1-9
The Vital Contributions of John Cornwall to Economic Theory and Policy: A Tribute from Two Admiring Friends on the Occasion of His 70th Birthday....Pages 10-23
Front Matter....Pages 25-25
Soros on ‘Free Market’ Equilibria....Pages 27-40
Economics and Complexity....Pages 41-56
Modelling a Path-Dependent Economy: Lessons from John Cornwall’s Macrodynamics....Pages 57-71
Post-Keynesianism and Institutionalism: Another Look at the Link....Pages 72-87
Are Economists Social Scientists?....Pages 88-99
Deregulation: The Anatomy of a Catchword....Pages 100-109
Front Matter....Pages 111-111
‘Modern Capitalism’ in the 1970s and 1980s....Pages 113-126
A Problem with the Empirical Neoclassical Analysis of Multisector Growth....Pages 127-148
Integration and Convergence in the European Union....Pages 149-165
Kaldor’s Growth Laws and the Principle of Cumulative Causation....Pages 166-179
Social Capital and the Economy....Pages 180-192
Front Matter....Pages 193-193
The Rise of Unemployment and Working Poverty: An Evolutionary Macroeconomic Perspective....Pages 195-210
A Post-Walrasian Explanation of Wage and Price Inflexibility and a Keynesian Unemployment Equilibrium System....Pages 211-225
Unemployment and Post-Keynesian Monetary Theory....Pages 226-240
Wage Determination, Capital Shortage and Unemployment: A Comparison between Germany and the UK....Pages 241-253
The Institutional Determinants of Unemployment....Pages 254-269
Back Matter....Pages 271-278