Keynesian, Sraffian, Computable and Dynamic Economics

This book explores an alternative approach to the conventional, market-based, view of economic theory and economic policy, at theoretical, numerical and applicable levels. The chapters provide a theoretical, empirical, and algorithmic approach to marcodynamics, Sraffian economics, and current policy issues. Post-Keynesian macroeconomics, business cycle theory, the trade cycle, microfoundations, and the Philips Machine are also covered.

This book aims to challenge orthodox ideas and provide a lens through which to honour the work of Stefano Zambelli. It will be of relevant to students and academics interested in economics.

Uniquely interrogates the four points of Keynesian, Sraffian, Computable and Dynamics in the context of economic theory or applied economics Considers Sraffian ideas on laws of returns under increasing and non-competitive conditions Presents computable ideas of dynamics in Keynes and, dynamics in general, in a non-orthodox economic context

Autorentext

Kumaraswamy (Vela) Velupillai is a retired economist living in Stockholm, Sweden. He has been a Professor of Economics at various universities in Europe, USA, India and South America. He is a graduate of Kyoto, Lund and Cambridge Universities. His main interests are in Computable Economics, Macrodynamics and History of Mathematical Economics.

Inhalt
1: Introduction.- 2: Intuitions about Welfare Under the Constraint of Computability.- 3: Sraffa, Keynes and a New Paradigm.- 4: On the Meaning Maximization Doctrine: An Alternative to the Utilitarian Doctrine.- 5: A Generalization of Sraffa's Notion of Viability in a 'Land Grabbing' Context.- 6: The Sea Battle Tomorrow: The Identity of Reflexive Economic Agents.- 7: Production, Innovation and Disequilibrium.- 8: The Non-Robustness of Saddle-Point Dynamics: a Methodological Perspective.- 9: The Economic Intuitions at the Base of Stefano Zambelli's Technical Contributions.- 10: Foresight The Foreseeable Future.- 11: Uniqueness in Planar Endogenous Business Cycle Theories.- 12: Nonlinear Endogenous Business Cycles: Zambelli-Goodwin Excursions in Cellular Automata Worlds.- 13: Chopping Off to Compute Sraffa's Standard Ratio.- 14: The Noisy Dynamics of Finance contrasted with the Complex Dynamics of Biology.- 15: Observations on Computability, Uncertainty and Technology.- 16: Marx and the Other Sraffa: The Insignificant Empirical Effect of Price-Value Deviations on Economic Aggregates.- 17: Corn Model, Subsistence Economy and the Empirical Economy.- 18:The Zambelli Attractors of Coupled, Nonlinear Macrodynamics and Knot Theory.