Post-Keynesian essays from down under volume IV: Essays on theory: Theory and policy in an historical context

Abstract

Joseph Halevi, G. C. Harcourt, Peter Kriesler andJ. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume IV explores theory.