The Reformation in Economics: Table of Contents

wittenberg-door1517

So, my book is super close to being finished (I know… I keep saying that…). And I have an agent currently considering it. They have said that they want this to be published as a popular book which is exactly what I’m going for (think: Steve Keen’s Debunking Economics although my book is an entirely different creature).

Anyway, none of this is set in stone and we’ll have to see if it plays out according to plan. In the meantime, however, I’ve finished the Table of Contents which might give readers of the blog a feel for what the book is likely to contain. I would imagine that people will quickly see that there is nothing like this on the market at the moment. And yet the people that I have run the drafts by confirm that it is very internally coherent. This is not a free-for-all by any stretch.

 

The Reformation in Economics­­­­

 By Philip Pilkington

Table of Contents

  1. Preface
  2. Introduction
  3. Macroeconomics: A Dangerous Idea
  4. The Limiting Principle: Paul Samuelson and the Death of Economics
  5. Homo Economicus: Our Utility-Maximising Friend
  6. Schemata: Abstraction and Modelling
  7. Equilibrium: Static, Dynamic, Expectational
  8. Money: A Means to an End
  9. Profits, Prices, Distribution and Demand
  10. Finance and Investment
  11. Coping With Uncertainty
  12. Free Trade: Against Dogma
  13. Conclusion
  14. Philosophical and Psychological Appendices
    1. Determinism Versus Free Will: An Age Old Debate
    2. Traversing the Fantasy: Psychoanalysis, Behaviourism and Economics

___________________________________________

Update: Someone has requested the bibliography. It is not quite finished but for those interested here it is so far.

Arestis, P. (2011). ‘The New Consensus in Macroeconomics’. In: Hein, Eckhard and Stockhammer, Engelbert. A Modern Guide to Keynesian Macroeconomics and Economic Policies. USA: Edward Elgar.

Ackerman, S. (2014). ‘Piketty’s Fair-Weather Friends’. Jacobin. Blog 5.29.14. Available at: https://www.jacobinmag.com/2014/05/pikettys-fair-weather-friends/

Albert, H. (1963). ‘Model Platonism: Neoclassical Economic Thought in Critical Light’. Journal of Institutional Economics. Translation Republished: 2012. Vol. 8, No. 3. Pp295-323.

Aslanbeigui, N. & Naples, M. I. (1996). ‘What Does Determine the Profit Rate? The Neoclassical Theories Presented in Introductory Textbooks’. Cambridge Journal of Economics. Vol. 20. No. 1. Pp53-71.

Beenstock, M. & Ilek, A. (2005). ‘Wicksell’s Classical Dichotomy: Is the Natural Rate of Interest Independent of the Money Rate of Interest?’. Discussion Paper on Monetary Studies. Bank of Israel Monetary Department.

Benes, J. & Kumhof, M. (2012). ‘The Chicago Plan Revisited’. IMF Working Paper. Available at: https://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf

Berkeley, G. (1732). Alciphron or, The Minute Philosopher. Available at: http://www.cfh.ufsc.br/~conte/berkeley-alciphron.pdf

Berkeley, G. (1734). The Analyst; Or, a Discourse Addressed to the Infidel Mathematician. London: J. Tonson. Available at: http://www.maths.tcd.ie/pub/HistMath/People/Berkeley/Analyst/Analyst.pdf

Bianchi, F. & Melosi, L. (2013). ‘Modelling the Evolution of Expectations and Uncertainty in General Equilibrium’. Federal Reserve Bank of Chicago. Working paper. Available at: http://www.chicagofed.org/digital_assets/publications/working_papers/2013/wp2013_12.pdf

Black, F. (1986). ‘Noise’. Journal of Finance. Vol. 41, No. 3. Pp529 – 543.

Brooks, D. (2008). ‘The Behavioral Revolution’. New York Times. October 27th, 2008. Available at: http://www.nytimes.com/2008/10/28/opinion/28brooks.html?_r=0

Cassidy, J. (2014). ‘Rebellious Economic Students May Have a Point’. Rational Irrationality Blog. New Yorker. May 13th 2014. Available at: http://www.newyorker.com/online/blogs/johncassidy/2014/05/rebellious-economics-students-have-a-point.html

Chick, V. Freeman, A. & Kayatekin, S. (2014). ‘Samuelson’s Ghosts: Whig History and the Reinterpretation of Economic Theory’. Cambridge Journal of Economics. 38. Pp519-529.

Christoffel, K., Coenen, G. & Warne, A. (2008). ‘The New Area Wide Model of the Euro Area: A Micro-Founded Open-Economy Model for Forecasting and Policy Analysis’. European Central Bank. Working Paper No. 944. Available at: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp944.pdf

Chomsky, N. (1971). ‘The Case Against B.F. Skinner’. The New York Review of Books. December 30th, 1971. Available at: http://www.chomsky.info/articles/19711230.htm

Cohen, A. & Harcourt, G. ‘Whatever Happened to the Cambridge Capital Controversies?’. Journals of Economic Perspectives. Vol. 17, No. 1. Pp199-214.

Colander, D. & Landreth, H. (1996). The Coming of Keynesianism to America. US & UK: Edward Elgar.

Crosby, A. Florence, C. Luo, F. Ouyang, L. & Quispe-Agnoli, M. ‘Impact of Business Cycles on US Suicide Rates, 1928-2007’. American Journal of Public Health. Vol. 101, No. 6. Pp. 1139-1146.

Cynamon, B. & Fazzari, S. (2014). ‘Household Income, Demand, and Saving: Deriving Macro Data with Micro Data Concepts’. Working Paper. Available at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2211896

Davidson, P. (1996). ‘Reality and Economic Theory’. Journal of Post Keynesian Economics. Vol. 18, No. 4. Pp479–508.

Delong, B; Scleifer, A; Summers, L. & Waldmann, R. (1990). ‘Noise Trader Risk in Financial Markets’. Journal of Political Economy. Pp703 – 738.

Denis, A. (2005). ‘The Invisible Hand of God in Adam Smith’. Research in the History of Economic Thought and Methodology. Vol. 23 Part 1, pp1-32.

Dequech, D. (2004). ‘Uncertainty: Individuals, Institutions and Technology’. Cambridge Journal of Economics. Vol. 28. Pp365–378.

Domar, E. (1946). ‘Capital Expansion, Rate of Growth, and Employment’. Econometrica. Vol. 14, No. 2. Pp137–147.

Eatwell, J. & Robinson, J. (1973). An Introduction to Modern Economics. UK:McGraw-Hill.

Ellenberger, H. F. (1970). The Discovery of the Unconscious: The History and Evolution of Dynamic Psychology. USA: Basic Books.

Fama, E. (1970). ‘Efficient Capital Markets: A Review of Theory and Empirical Work’. The Journal of Finance. Vol. 25, No. 2 . Pp383 – 417.

Fisher, I. (1907). The Rate of Interest: Its Nature, Determination, and Relation to Economic Phenomena. US & UK: The Macmillan Company.

Fisher, I. (1911). The Purchasing Power of Money: Its Determination and Relation to Credit, Interest and Crisis. USA, UK & Canada: The Macmillan Company.

Frank, T. (1998). The Conquest of Cool: Business Culture, Counterculture, and the Rise of Hip Consumerism. USA: University of Chicago Press.

Frank, T. (2005). What’s the Matter With Kansas? Reprint Edition. USA: Holt McDougal.

Freud, Sigmund. (1964) [2001]. The Standard Edition of the Complete Psychological Works of Sigmund Freud Volume XXIII: Moses and Monotheism, An Outline of Psycho-Analysis and Other Works. UK: Vintage, The Hogarth Press.

Galbraith, J. (2001). ‘How the Economists Got It Wrong’. The American Prospect. Available at: http://prospect.org/article/how-economists-got-it-wrong

Galbraith, J. (2009). ‘Who Are These Economists, Anyway?’. NEA’s Thought & Action Journal of Higher Education. Available at: http://www.veblen-institute.org/Who-Are-These-Economists-Anyway?lang=en

Garrone, G. & Marchionatti, R. (2004). ‘Keynes on Econometric Method: A Reassessment of His Debate With Tinbergen and Other Econometricians, 1938-1943’. Department of Economics “S. Cognetti de Martiis” Working Paper Series. Working Paper No. 01/2004. Available at: http://www.cesmep.unito.it/WP/2004/1_WP_Cesmep.pdf

Gatapoulos, D. (2013). ‘Suicides In Greece Spike During Financial Crisis’. Huffington Post. 09/10/13. Available at: http://www.huffingtonpost.com/2013/09/10/greece-suicides_n_3900906.html

Godley, W. (1992). ‘Maastricht and All That’. London Review of Books. Vol. 14, No. 19. Available at: http://www.lrb.co.uk/v14/n19/wynne-godley/maastricht-and-all-that

Godley, W. (1999). ‘Seven Unsustainable Processes’. Levy Institute of Bard College. Special Report. Available at: http://www.levyinstitute.org/pubs/sr/sevenproc.pdf

Godley, W. & Lavoie, M. (2006). Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth. UK: Palgrave Macmillan.

Graeber, D. (2011). Debt: The First 5,000 Years. USA: Melville House Publishing.

Grossman, S. & Stiglitz, J. (1980). ‘On the Impossibility of Informationally Efficient Markets’. The American Economic Review. Vol. 70, No. 3. Pp393-408.

Hands, W. (2004). ‘On Operationalisms and Economics’. Journal of Economic Issues. No. 38, Vol. 4. Pp 953-968.

Hands, W. (2011). ‘Paul Samuelson and the Neoclassical Synthesis’. Interview with Perry Mehrling at INET. Available online at: https://www.youtube.com/watch?v=sjNbMJOYUZI

Harcourt, G. (1972). Some Cambridge Controversies in the Theory of Capital. UK: Cambridge University Press.

Harrod, R. (1969). Money. UK: Macmillan and Co.

Hayek, F. (1936). ‘Economics and Knowledge’. Ludwig von Mises Institute. Available at: http://mises.org/page/1411

Hicks, J. (1930). ‘Mr. Keynes and the Classics: A Suggested Interpretation’. Econometrica. Vol. 5, No. 2. Pp147-159.

Hicks, J. (1961). A Contribution to the Theory of the Trade Cycle. UK: Clarendon Press.

Hicks, J. (1980). ‘ISLM: An Explanation’. Journal of Post-Keynesian Economics. Vol. 3, No. 2. Pp139-154.

Holcombe, R. (2008). ‘Pluralism versus Heterodoxy in Economics and the Social Sciences’. Journal of Philosophical Economics. I:2. Pp51-72.

Hume, D. (1739). A Treatise on Human Nature: Being an Attempt to Introduce the Experimental Method of Reasoning into Moral Subjects. UK: Penguin Classics.

Innosight. (2012). ‘Creative Destruction Whips Through Corporate America’. Executive Briefing Winter. Available at: http://www.innosight.com/innovation-resources/strategy-innovation/upload/creative-destruction-whips-through-corporate-america_final2012.pdf

Kahneman, D. & Tversky, A. (1974). ‘Judgment under Uncertainty: Heuristics and Biases’. Science. Vol. 185, No. 4157. Pp. 1124-1131.

Kahneman, D. (2011). Thinking Fast and Slow. USA: Farrar, Strauss & Giroux.

Kaldor, N. (1982). The Scourge of Monetarism. UK: Oxford University Press.

Kaldor, N. (1983). The Economic Consequences of Mrs. Thatcher. UK: Duckworth.

Kalecki, M. (1965). Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy. USA: Monthly Review Press.

Kant, I. (1787). Critique of Pure Reason. UK: Cambridge University Press.

Kay, J. (2014). ‘Angry Economics Students Are Naive – and Mostly Right’. Financial Times. May 20, 2014. Available at: http://www.ft.com/cms/s/0/23da4f1e-df48-11e3-86a4-00144feabdc0.html#axzz34WpTLd6E

Keen, S. (2011). Debunking Economics: Second Edition. USA: Zed Books.

Keen, S. (2013) ‘A Bubble So Big We Can’t Even See It’. Real World Economics Review. No. 64. Available at: www.paecon.net/PAEReview/issue64/Keen64.pdf

Keen, S. (2014). ‘Endogenous Money and Effective Demand’. Review of Keynesian Economics. Vol. 2 No. 3. Pp. 271–291.

Keynes, J.M. (1921). A Treatise on Probability. USA: BN Publishing.

Keynes, J. M. (1924). ‘Alfred Marshall 1842-1924’. The Economic Journal. Vol. 34, No. 135. Pp311-372.

Keynes, John Maynard. (1930). A Treatise on Money, Volumes I and II. USA: Hcourt, Brace & Co.

Keynes, J.M. (1936a). The General Theory of Employment, Money and Interest. arAvailable at: http://www.marxists.org/reference/subject/economics/keynes/general-theory/

Keynes, J. M. (1936b). Preface to the German Edition of The General Theory of Employment, Money and Interest. Available at: http://gutenberg.net.au/ebooks03/0300071h/printall.html

Keynes, J.M. (1937). ‘The General Theory of Employment’. The Quarterly Journal of Economics. Vol. 51, No. 2. Pp. 209-223.

Keynes, J. M. (1939). ‘Professor Tinbergen’s Method’. The Economic Journal. Vol. 49, No. 195. Pp. 558-577.

King, J. (2012). The Microfoundations Delusion: Metaphor and Dogma in the History of Macroeconomics. USA and UK: Edward Elgar.

Kirman, A. (1992). ‘Whom or What Does the Representative Individual Represent?’. The Journal of Economic Perspectives. Vol. 6, No. 2. Pp. 117-136.

Knibbe, Merijn. (2014). ‘Oh My. Do DSGE Economists Really Misunderstand the Concept of ‘Government Consumption’?’. Real-World Economics Review Blog. Available at: http://rwer.wordpress.com/2014/06/22/oh-my-do-dsge-economists-really-misunderstand-the-concept-of-government-consumption/

Krugman, P. (1998). ‘It’s Baaack: Japan’s Slump and the Return of the Liquidity Trap’. Brookings Paper on Economic Activity. Pp137-205.

Krugman, P. (2012). ‘Minsky and Methodology’. The Conscience of a Liberal. March 27th, 2012. Available online at: http://krugman.blogs.nytimes.com/2012/03/27/minksy-and-methodology-wonkish/

Lasch, C. (1996). The Revolt of the Elites and the Betrayal of Democracy. US: W.W. Norton and Company.

Lavoie, M. (1992). Foundations of Post-Keynesian Economic Analysis. USA: Edward Elgar.

Lawson, T. (1997) Economics and Reality: Economics as Social Theory. USA & UK: Routledge.

Lee, F. (1984). ‘Full Cost Pricing: A New Wine in a New Bottle’. Australian Economic Papers . Vol. 23. No. 42. Pp151-166.

Leijonhufvud, A. (1979). ‘The Wicksell Connection: Variations on a Theme’. UCLA Working Paper No. 165.

Levy, S.J. (2000). ‘Profits: The Views of Jerome Levy and Michal Kalecki’. Levy Institute Working Paper Series. Working Paper no. 309. Available at: http://www.levyinstitute.org/pubs/wp309.pdf

Maloney, J. (2012). ‘The Treasury and the New Cambridge School in the 1970s’. Cambridge Journal of Economics. Vol. 36. Pp995-1017.

Mankiw, G. (2011). Principles of Macroeconomics Sixth Edition. USA: South-Western Cengage Learning.

Marx, K. (1852). The Eighteenth Brumaire of Louis Bonaparte. Available at: http://www.marxists.org/archive/marx/works/1852/18th-brumaire/ch01.htm

Marx, K. (1867). Capital: Volume I. New edition by Penguin Books (1976).

McLeay, M. Radia, A. & Thomas, R. (2014). ‘Money creation in the modern economy’. Bank of England. Quarterly Bulletin 2014 Q1. Available at: http://www.bankofengland.co.uk/publications/Pages/quarterlybulletin/2014/qb14q1prereleasearticlemoney.aspx

Mill, J.S. (1844). Essays on Some Unsettled Questions in Political Economy. Available at: http://www.marxists.org/reference/archive/mill-john-stuart/1844/unsettled.htm#ESSAY_V

Miller, C. ed. (2012). Erasmus and Luther: The Battle Over Free Will. USA: Hackett Publishing Company.

Minsky, H. (1992). ‘The Financial Instability Hypothesis’. Levy Institute of Bard College. Working Paper No. 74.

Minsky, H. (1996). ‘Uncertainty and the Institutional Structure of Capitalist Economies’. Levy Institute of Bard College. Working Paper No. 155.

Mirowski, P. (1991). More Heat Than Light: Economics as Social Physics, Physics as Nature’s Economics. US & UK: Cambridge University Press.

Mirowski, P. (2011). ‘Why is There a Nobel Memorial Prize in Economics?’. INET Blog. Available at: http://inete­conomics.org/blog/inet/philip-mirowski-why-there-nobel-memorial-prize-economics

Moore, B. (1983). ‘Unpacking the Post Keynesian Black Box: Bank Lending and the Money Supply’. Journal of Post Keynesian Economics. Vol. 5. No. 4. pp. 537-556.

Montaigne, M. de (1993). The Complete Essays. USA: Penguin Classics: Reprint Edition.

Mosler, W. (2011). The UMKC Buckaroo: A Currency Model for World Prosperity. Huffington Post 9/20/2011. Available at: http://www.huffingtonpost.com/warren-mosler/the-umkc-buckaroo-a-curre_b_970447.html

Mosler, W. & Pilkington, P. (2012). ‘Tax-backed Bonds – A National Solution to the European Debt Crisis’. Levy Institute Policy Note. Available at: http://www.levyinstitute.org/pubs/pn_12_04.pdf

Myrdal, G. (1939). Monetary Equilibrium. UK: W. Hodge.

Nordhaus, W. & Samuelson, P. (1995). Economics: Fifteenth Edition. USA: McGraw-Hill.

O’ Hara, A.P. ed. (1999). Encyclopaedia of Political Economy: Volume II. USA and UK: Routledge.

Palley, T. (2004). ‘Asset-based Reserve Requirements: Reasserting Domestic Monetary Control in an Era of Financial Innovation and Instability’. Review of Political Economy. Vol. 16, No. 1. Pp43-58.

Pasinetti, L. (1974). Growth and Income Distribution – Essays in Economic Theory. UK: Cambridge University Press.

PBS. (2008). ‘Greenspan Admits ‘Flaw’ to Congress, Predicts More Economic Problems’. Available at: http://www.pbs.org/newshour/bb/business-july-dec08-crisishearing_10-23/

PCSC. (2014). The Report. Available at: http://www.post-crasheconomics.com/economics-education-and-unlearning/

Pigou, A. C. (1966). Memorials of Alfred Marshall. USA: A. M. Kelley

Piketty, T. (2014). Capital in the 21st Century. USA: Harvard University Press.

Pilkington, P. (2012a). ‘Policing the Economists from Within Their Own Minds – ISLM as a Model of Intellectual Control’. Naked Capitalism. March 8th 2012. Available at: http://www.nakedcapitalism.com/2012/03/philip-pilkington-policing-the-economists-from-within-their-own-minds-%E2%80%93-islm-as-a-model-of-intellectual-control.html

Pilkington, P. (2012b). ‘Sexual Politics and Child’s Play – The Absurdity of Game Theory’. Naked Capitalism. February 28th 2012. Available at: http://www.nakedcapitalism.com/2012/02/philip-pilkington-sexual-politics-and-child%E2%80%99s-play-%E2%80%93-the-absurdity-of-game-theory.html

Pilkington, P. (2013a). ‘Animism and Monetarist Thinking: The Inflation in the US in the 1970s’. Fixing the Economists. August 6th 2013. Available at:

Pilkington, P. (2013b). ‘Playing Profit With the Stock Market’. Financial Times Alphaville Blog. July 1st 2013. Available at: http://ftalphaville.ft.com/2013/07/01/1551542/playing-profit-with-the-stock-market/

Pilkington, P. (2013c). ‘A Stock-Flow Consistent Approach to a General Theory of Pricing’. Levy Institute. Working Paper No. 781. Available at: http://www.levyinstitute.org/pubs/wp_781.pdf

Pilkington, P. (2013d). ‘What is a Liquidity Trap?’. Fixing the Economists. July 4th 2013. Available at: https://fixingtheeconomists.wordpress.com/2013/07/04/what-is-a-liquidity-trap/

Pilkington, P. (2013e). ‘The Origins of Neoliberalism, Part I – Hayek’s Delusion’. Naked Capitalism. January 8th 2013. Available at: http://www.nakedcapitalism.com/2013/01/philip-pilkington-the-origins-of-neoliberalism-part-i-hayeks-delusion.html

Pilkington, P. (2013f). ‘Keynes’ Philosophy: Induction, Analogy and Probability’. Fixing the Economists. September 16th 2013. Available at: https://fixingtheeconomists.wordpress.com/2013/09/16/keynes-philosophy-induction-analogy-and-probability/

Pilkington, P. (2014a). ‘Why Thomas Piketty is Wrong About Inflation and Interest Rates’. Fixing the Economists. May 16th 2014. Available at: https://fixingtheeconomists.wordpress.com/2014/05/16/why-thomas-piketty-is-wrong-about-inflation-and-interest-rates/

Pilkington, P. (2014b). ‘Endogenous Money and the Natural Rate of Interest: The Re-emergence of Liquidity Preference and Animal Spirits in the Post-Keynesian Theory of Capital Markets’. Forthcoming.

Pilkington, P. (2014c). ‘A Sustainable Monetary Framework for an Independent Scotland’. Levy Institute at Bard College. Public Policy Brief No. 134. Available at: http://www.levyinstitute.org/publications/a-sustainable-monetary-framework-for-an-independent-scotland

Roberts, S. ‘White House Confirms Reagans Follow Astrology, Up to a Point’. New York Times. May 4, 1988. Available at: http://www.nytimes.com/1988/05/04/us/white-house-confirms-reagans-follow-astrology-up-to-a-point.html

Robin, C. (2011).The Reactionary Mind: Conservatism from Edmund Burke to Sarah Palin. USA: OUP.

Robinson, J. (1951). ‘The Rate of Interest’. Econometrica. Vol. 19, No. 2. Pp92-111.

Robinson, J. (1953). ‘The Production Function and the Theory of Capital’. Review of Economic Studies. Vol. 21, No. 2. Pp81-106.

Robinson, J. (1962). Economic Philosophy. UK: Pelican Books.

Romer, D. (2000). ‘Keynesian Macroeconomics Without the LM-Curve’. Journal of Economic Perspectives. Vol. 14, No. 2. Pp149-169.

Rorty, R. (1979). Philosophy and the Mirror of Nature. USA: Princeton University Press.

Rothbard, M. (1992). ‘Keynes, the Man’ in M. Skousen (ed.). Dissent on Keynes: A Critical Appraisal of Keynesian Economics. New York and London: Praeger. Pp171–198.

Royal Economic Society. (2010). RES Newsletter, July 2010. No. 150. Available at: http://www.res.org.uk/SpringboardWebApp/userfiles/res/file/obituaries/godley.pdf

Samuelson, P. (1938). ‘A Note on the Pure Theory of Consumer’s Behaviour’. Economica. Vol. 5, No. 17. Pp. 61-71.

Samuelson, P. (1987). ‘Out of the Closet: A Program for the Whig History of Economic Science’. History of Economics Society Bulletin. Vol. 9, No. 1. Pp 51-60.

Sartre, J.P. (1957) Being and Nothingness. USA: Routledge.

Shackle, GLS. (1965). A Scheme of Economic Theory. UK: Cambridge University Press.

Shackle, GLS. (1966). The Nature of Economic Thought. UK: Cambridge University Press.

Shackle, GLS. (1967). The Years of High Theory: Invention and Tradition in Economic Thought 1926-1939. UK: Cambridge University Press.

Shiller, R. (2003). ‘ From Efficient Markets Theory to Behavioral Finance’. Journal of Economic Perspectives. Vol. 17, No. 1. Pp83-104.

Shiller, R. (2005). Irrational Exuberance: Second Edition . USA: Broadway Business Books.

Skinner, B.F. (1988). About Behaviorism. USA: Random House.

Smith, A. (1776). The Wealth of Nations Books I-III. UK: Penguin Books.

Solow, R. (1987). ‘Growth Theory and After’. Nobel Prize Lecture. Available at: http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1987/solow-lecture.html

Taleb, N. N. (2010). The Black Swan: The Impact of the Highly Improbable 2nd Edition. US: Random House.

Tarshis, L. (1947). The Elements of Economics: An Introduction to the Theory of Price and Employment. USA: Houghton Mifflen Company.

Tcherneva, P. (1996). ‘Critical Review of Soft Currency Economics’. Working Paper 7, Soft Currency Economics. Available at: http://www.mosler.org/docs/docs/pavlina.htm

Tuckett, D. & Taffler, R. (2008). ‘Phantastic Objects and the Financial Market’s Sense of Reality: A Psychoanalytic Contribution to the Understanding of Stock Market Instability’. The International Journal of Psychoanalysis. Vol. 89, No. 2. Pp389-412.

Varian, H. (2010). Intermediate Microeconomics: A Modern Approach Eighth Edition. USA: Norton.

Veblen, T. (1898). ‘Why is economics not an evolutionary science?’. Quarterly Journal of Economics. 12(4). Pp373-397.

Vienneau, R. (2008). ‘Some Of Samuelson’s Textbook On Reswitching’. Thoughts on Economics Blogspot. Available at: http://robertvienneau.blogspot.co.uk/2008/01/some-of-samuelsons-textbook-on.html

Wicksell, K. (1898). Interest and Prices: A Study of the Causes Regulating the Value of Money. UK: Royal Economic Society.

Wittgenstein, L. (1922). Tractatus Logico-Philosophicus. UK: Kegan Paul, Trench, Trubner & Co., Ltd.

Wray, R. (1998). Understanding Modern Money: The Key to Full Employment and Price Stability. USA: Edward Elgar.

About pilkingtonphil

Philip Pilkington is a London-based economist and member of the Political Economy Research Group (PERG) at Kingston University. You can follow him on Twitter at @pilkingtonphil.
This entry was posted in Economic Theory, Media/Journalism, Philosophy. Bookmark the permalink.

6 Responses to The Reformation in Economics: Table of Contents

  1. philippe101 says:

    Looks very interesting.

    • dan says:

      I hope it is popular – a best seller – because the best way to fix the economists (and democracy) is to educate the public. If the public only knew that they (policy makers) are not even wrong.

      • YC says:

        Economics does not need “fixing” as the textbook say that monetary policy is fairly ineffective in a liquidity trap and that contractionary fiscal policy is indeed contractionary.
        You have this in a simple IS-LM and in a large Woodfordian DSGE model.

        Now I am not much of a fan of DSGE but I am even less of a fan of misrepresenting what mainstream econ actually says.

      • dan says:

        YC,
        It’s not economics that needs fixing; it’s the economists. I’m not misrepresenting what mainstream econ says; I’m saying that they don’t know what they are talking about when they say what they say.

  2. Nick says:

    Can’t wait for the book! No Michael Hudson citations?

  3. Pingback: L’inflazione non è sempre ed ovunque un fenomeno monetario | ABC Economics - Abbiamo Bisogno di Crescita

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s