Peter Skott Livres

The book explores significant insights from Marxian and Keynesian economics, focusing on their relevance to understanding economic growth. It delves into the interplay between these two schools of thought, highlighting how their theories can illuminate contemporary growth processes. Through a critical analysis, it aims to validate the contributions of both perspectives, offering a nuanced view of economic dynamics and their implications for growth.

Challenging the traditional macroeconomic paradigm, this book advocates for incorporating behavioral insights to better reflect real-world decision-making. It critiques the reliance on perfectly rational agents and draws from Keynesian and institutionalist traditions to propose an alternative framework. By emphasizing dynamic market interactions, the text explores concepts such as instability, endogenous cycles, and secular stagnation. It aims to provide a comprehensive understanding of macroeconomic theory and suggests a re-evaluation of its foundational principles.

Kaldor is probably best known for his contributions to the theories of growth and distribution. Uncertainty, imperfect competition and a recognition of the central importance of firms' investment and finance decisions characterize his analysis in this area and he also developed a first attempt to endogenize the factors behind technical progress. In this book it is shown that although Kaldor's theory of growth and distribution has weaknesses there is much to be learned from a critical but sympathetic examination of his explanation of the stylised facts of long term growth in capitalist economies.