INSTITUTIONALIST & POST KEYNESIAN ECONOMICS

1.     Jan Kregel: “Opening talk: History of Post Keynesian Economics and its Core Tenets”

            a.   Kregel, Jan (2006) " History of Post Keynesian Economics- Its Core Principles" Powerpoint slides.

2.     Fred Lee: “A History of Heterodox Economics”

a.      Irene van Staveren, “Post Keynesianism Meets Feminism” paper presented at the Cambridge Realist Workshop, January 30, 2006

b.      Lee, F. S.  2004.  “To be a Heterodox Economist:  The Contested Landscape of American Economics, 1960s and 70s.”  Journal of Economic Issues, 38.3 (September):  747 – 763

c.      Lee, F. S.  2002.  “Mutual Aid and the Making of Heterodox Economics in Postwar America:  A Post Keynesian View.”  History of Economics Review 35 (Winter):  45 – 62.

3.     John Henry: “Keynes and Veblen”

           a.    Mohammed, Adil H. (1999) " Veblen and Keynes: On the Economic Theory of the Capitalist Economy" JITE

           b.    Veblen,T. (1904) "Chapter 3- Business Enteprise",in The Theory of Business Enterprise. New York: C. Scribner's sons, 1935.

           c.    Veblen,T. (1904) "Chapter 5- The Use of Loan Credit", in The Theory of Business Enterprise. New York: C. Scribner's sons, 1935.

4.     Jerry Courvisanos: “Kalecki’s Economics: Linking Keynesian to Institutional Traditions”

a.      Asimakopulos, A. (1977), “Profits and Investment: A Kaleckian Approach.”, in G.C. Harcourt (ed.), The Microeconomic Foundations of Macroeconomics, Boulder, CO: Westview Press, pp. 328–42.

b.      Courvisanos, J. (1997), “Keynes and the Susceptibility of Investment”, in Davidson, P. and Kregel J.A. (eds.), Improving the Global Economy, Cheltenham UK, Edward Elgar, pp 79-92.

c.      Kalecki, M. (1943), “Political Aspects of Full Employment”, Political Quarterly, Volume 14 (4), pp. 322-31.

5.     Bob Brazelton: “Keynes and Institutionalist Thought”

            a.   W. Robert Brazelton, “The “Orthodoxy” of Leon H. Keyserling: Advisor to the President.”
      b.   W. Robert Brazelton, “Leon Hirsch Keyserling – Still a Man for Our Times!”
      c.   W. Robert Brazelton, “Designing U.S. Economic Policy: An Analytical Biography of Leon H. Keyserling,” Palgrave Press: London, 2001

            I.   Short biographies….The New Palgrave Dictionary in Economics, Peter Eatwell, Murray Milgate and Peter Newman, 1987:
      1.Leon H. Keyserling, “Tugwell, Rexford Guy” p 706
      2.Leon H. Keyserling,”. Means, Gardner Coit”., p. 421-22
      3.Richard Musgrave, “Hansen, Alvin H”, p. 591
      4.John Kenneth Galbraith, “Berle, Adolf Augustus, jr.”, pp.230-31
      5.Lynn Turgeon, “Keyserling, Leon H. pp. 50-51.
      II.  Brazelton, W. Robert, 1997,Journal of Economic Perspectives, “ Retropectives: The Economics of Leon H. Keyserling”, Vol. 11(4), pp. 189-97.
      III. Brazelton, W Robert, 2003,Journal of Economics, “The Council of Economic Advisors and the ‘Full Employment Budget ‘ Concept: Keyselring Before Heller”, Vol. Xxix(2), pp. 87-102.

6.     John Marangos: “A Post Keynesian Approach to the Transition Process”

           a. Marangos, John (2000) "A Post Keynesian view of transition to market capitalism: developing a civilized society" Journal of Post Keynesian Economics 23(2), p.301-311.
     b. Marangos, John (2004) "A Post Keynesian Approach to the transition process" Eastern Economic Journal, 30(3) p. 441-465.
     c. Marangos, John (2006) " Developing a civilised society in transition economies: The Post Keynesian paradigm" The Journal of Socio-Economics, 35, p.660-681

 

METHODOLOGY

1.     Michael Green: “Social Ontologies”

a.      Michael Green, "Mechanistic, Teleological and Formological Ontologies in Economics"

b.     Pitirim Sorokin, 1957, Social and Cultural Dynamics, Boston, MA: EHB.

2.     Morteza Ardebili: “Critical Realism”

3.     Barbara Bonnekessen: “Feminist Methodology”

4.     Linwood Tauheed: “A Proposed Methodological Synthesis of Post Keynesian and Institutional"

5.     Eliseo Fernandez and James Webb: “Pragmatism”

a.      Eliseo Fernández, “Peircean Realism, Critical Realism, and Some Epistemic Problems of the Social Sciences”  

b.      Webb, James, “What Classical Pragmatism Is Not!”

c.    Webb, James, “Formalism, Pragmatism and Progress in Heterodox Theory”

 

THEORY

1.     Erik Olsen: “What do Post Keynesian, Institutionalist and Feminist Economists need to know about Marx?”

           a.    Wollf, Richard and Resnick, Stephen (1996) "Chapter 5: Power, Property and Class" in  "Radical Political Economy: Explorations in Alternative Economic Analysis", ed. Victor D. Lippit, Armonk, NY: M.E. Sharpe.

            b.    Resnick, Stephen A.,and Wollf, Richard D. (1994) "Rethinking Complexity in Economic Theory: The Challenge of Overdetermination" in "Evolutionary Concepts in Contemporary Economics, Richard W. England. ed., Ann Arbor: University of Michigan Press.

2.     Jan Kregel: “Financing for Development”

            a.   Kregel, Jan (2004) " External Financing for Development and International Financial Instability" UNCTAD, G-24 Discussion Paper Series, No: 32.
      b.   Kregel, Jan (2006) " Negative Net Resource Transfers as a Minskyian Hedge Profile and the Stability of the International Financial System" United Nations Financing for Development Office.

3.     L. Randall Wray: “Keynes's approach to money after 70 years”

a.      L. Randall Wray, "Keynes's Approach To Money: An Assessment After 70 Years"

b.      Keynes, J.M. Chapter 17 of The General Theory

4.     Chris Niggle: “Institutionalist-Post Keynesian Macroeconomics or Evolutionary Keynesianism”

5.     Fred Lee: “Sraffa, the Capital Controversies and Post Keynesian economics”

a.      Aspromourgos, T.  2004.  “Sraffian Research Programmes and Unorthodox Economics.”  Review of Political Economy 16.2 (April):  179 – 206.

b.      Mata, T.  2004.  “Constructing Identity:  The Post Keynesians and the Capital Controversies.”  Journal of the History of Economic Thought 26.2 (June):  241 – 259

c.      Cohen, A. J. and Harcourt, G. C.  2003.  “Whatever Happened to the Cambridge Capital Controversies?”  Journal of Economic Perspectives 17 (Winter):  199 – 214

 

6.     Jerry Courvisanos: “Environmental Economics: Critical View and Innovation”

a.      Courvisanos, J. (2005), “A post-Keynesian Innovation Policy for Sustainable Development”, International Journal of Environment, Workplace and Employment, Volume 1 (2), pp. 187-202.

b.      Forstater, M. (2004), "Visions and Scenarios: Heilbroner's Wordly Philosophy. lowe's Political Economics and the Methodology of Ecological Economics", Ecological Economics. Volume 51, Issues 1-2, 1 November 2004, Pages 17-30

c.      Vercelli, A. (1998), “Sustainable Development, Rationality and Time’, in Faucheux, S., O’Connor, M. and van der Straaten, J. (eds) Sustainable Development: Concepts, Rationalities and Strategies, Dordrecht: Kluwer Academic Publishers, pp. 259-76.

 

POLICY

1.     L. Randall Wray: “Minsky’s Approach to National and International Instability”

a.      L. Randall Wray and Dimitri Papadimitriou, "Minsky's Analysis of Financial Capitalism", Working Paper No 275, Levy Economics Institute (www.levy.org)

b.      L. Randall Wray, "Extending Minsky’s Classifications of Fragility to Government and the Open Economy", Working Paper No: TBA, Levy Economics Institute

 

2.     Scott Fullwiler: “Monetary Operations: An Institutionalist View”

a.      Scott Fullwiler, “Timeliness and the Fed’s Tactics”, Journal of Economic Issues, December 2003, Vol. 37, No. 4  

b.      Scott Fullwiler, “Setting interest rates in the modern money era”, Journal of Post Keynesian Economics, Spring 2006, Vol. 28, No. 3

3.     Pavlina R. Tcherneva: “The Employer of Last Resort, Argentina’s Plan Jefes, and Gender”

a.      L. Randall Wray: “The Employer of Last Resort Approach to Full Employment” C-FEPS Working Paper No. 9

b.      Pavlina R. Tcherneva and L. Randall Wray “Employer of Last Resort: A Case Study of Argentina's Jefes Program” C-FEPS Working Paper No. 41

c.      Pavlina R. Tcherneva and L. Randall Wray, “Gender and the Job Guarantee: The impact of Argentina’s Jefes program on female heads of poor households”, C-FEPS Working Paper No. 50

4.     Jim Sturgeon: “Veblenian Dichotomy, Instrumental Valuation”

5.     Mike Radzicki: “The Beer Game” Interactive game which incorporates all students and faculty and teaches about system dynamics and why systems oscillate (i.e. the business cycle)

 

GENDER, CLASS, AND RACE

1.     Jesus Munos: “Financial Crises and Migration”

           a.   The Untold Story: Remmitances, Migration and BP in México

2.     S. Charusheela and Colin Danby: "Critiques of Modernism: Race, Gender, Citizenship"         

                 1. Zein-Elabdin, Eiman O. 2003. “The Difficulty of Feminist Economics” in Drucilla Barker and Edith Kuiper (eds.) /Toward a Feminist Philosophy of Economics,/ pp. 321-338. New York and London: Routledge.
                 2. Charusheela, S. and Eiman Zein-Elabdin. 2003. "Feminism, Postcolonial Thought, and Economics" in Marianne Ferber and Julie Nelson (eds.)
/Feminist Economics Today: Beyond Economic Man. /Chicago: University of
Chicago Press.
                3. Alexander, M. Jacqui. 1994. "Not Just (Any) Body Can Be A Citizen:The Politics of Law, Sexuality and Postcoloniality in Trinidad and
Tobago and the Bahamas." /Feminist Review/ 48: 5-23.

                 Shah, Nayan. 2001. /Contagious Divides: Epidemics and Race in San
Francisco’s Chinatown./ Berkeley: University of California Press.
                4. Chapter 2: Regulating Bodies and Space
                5. Chapter 4: White Women, Hygiene, and the Struggle for Respectable Domesticity
                6. Chapter 6: White Labor and the American Standard of Living

3.     S. Charusheela and Colin Danby: "Alternatives to Modernist Analysis"

          Note: There are more background readings for this lecture, which we are unable to post online. If you have not received a copy via email, please contact Natalia Sourbeck at sourbeckn@umkc.edu ) 

4.     Donald Matthews: “Black Political Economy”

         a.   Fogel, Robert W. and Engerman, Stanley L. (1995) "Chapter 5: The Origins of the Economic Indictment of Slavery" in "Time on the Cross"W.W Norton Company, pp.158-190.
   b.   Genovese, Eugene D. (1989) " Chapter 10: The Origins of Slavery Expansionism" in "The Political Economy of Slavery: Studies in the Economy and Society of Slave South", New York: Pantheon Books, p. 243-287.
   c.   Lincoln, Eric C. and Mamiya, Lawrence H. (1990) "Chapter 9: The American Dream and the American Dilemma: The Black Church and Economics" in "Church in the African American Experience", London: Duke University Press, pp. 236-273.    

5.     Tanya Y. Price: “The impact of race, class and gender on everyday life”

 

SYSTEM DYNAMICS

1.     Mike Radzicki: “Fish Banks”: An Interactive game which teaches sustainable development from a System Dynamics perspective

            a.    Nichols Mark, Pavlov Oleg, Radzicki, Michael J.(2006) "The Circular and Cumulative Structure of Administered Pricing" Journal of Economic Issues XL(2) p. 518-525.
            b.    Radzicki, Michael J.(2003) "Mr. Hamilton, Mr. Forrester, and a Foundation for Evolutionary Economics" Journal of Economic Issues XXXVII(1) p. 133-173.
            c.    Aamir Munaf, Damyanova Diana, Radzicki Michael J., Unluaslan Esra " Rebuilding New Orleans: An Agent-Based Modeling Approach" (Draft).