Income and Employment in Theory and Practice Essays in Memory of Ath
The essays in this volume are concerned with interpretations and extensions, both theoretical and empirical, of the work of Keynes and Kalecki, and of Sraffa, and with the relationships between the works of these three authors.
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Geoffrey Harcourt, Alessandro Roncaglia and Robin Rowley (editors) INCOME AND EMPLOYMENT IN THEORY AND PRACTICE Dimitri B. Papadimitriou (editor) ASPECTS OF DISTRIBUTION OF WEALTH AND INCOME Dimitri B. Papadimitriou and Edward N. Wolff (editors) POVERTY AND PROSPERITY IN THE USA IN THE LATE TWENTIETH CENTURY
Income and Employment in Theory and Practice Essays in Memory of Athanasios Asimakopulos Edited by
Geoffrey Harcourt Reader in the History of Economic Theory University of Cambridge and Professor Emeritus University of Adelaide
Alessandro Roncaglia
Professor of Economics University of Rome I
and
Robin Rowley
McGill University Montreal
© the Jerome Levy Economics Institute 1995
Softcover reprint of the hardcover 1st edition 1995 978-0-333-60470-0 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WI P 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published in Great Britain 1995 by MACMILLAN PRESS LTD Houndmills, Basingstoke, Hampshire RG21 2XS and London Companies and representatives throughout the world A catalogue record for this book is available from the British Library. 10 9 8 7 6 5 4 04 03 02 01 00 99 98
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ISBN 978-1-349-23705-0 (eBook) ISBN 978-1-349-23707-4 DOI 10.1007/978-1-349-23705-0 First published in the United States of America 1995 by Scholarly and Reference Division, ST. MARTIN'S PRESS, INC., 175 Fifth Avenue, New York, N.Y. 10010
ISBN 978-0-312-12085-6 Library of Congress Cataloging-in-Publication Data Income and employment in theory and practice : essays in memory of Athanasios Asimakopulos I edited by Geoffrey Harcourt, Alessandro· Roncaglia, and Robin Rowley. p. em. Includes indexes. ISBN 978-0-312-12085-6 I. Income. 2. Employment (Economic theory) 3. Saving and investment. 4. Keynesian economics. 5. Asimakopulos, A., 1930-1990. I. Harcourt, Geoffrey Colin. II. Roncaglia, Alessandro, 1947111. Rowley, J. C. R. HB522.153 1995 331. 12'5--dc20 93-39340
Contents Foreword by Dimitri B. Papadimitriou Preface by Geoffrey Harcourt, Alessandro Roncaglia and Robin Rowley
ix X
Addresses of the Contributors
xiv
Notes on the Contributors
xvii
1 The Structure of Tom Asimakopulos 's Later Writings Geoffrey Harcourt
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Asimakopulos and Keynes's General Theory Gilles Dostaler
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The Asimakopulos View of Keynes's General Theory Paul Davidson
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Causality and Real Time in Asimakopulos's Approach to Saving and Investment in the Theory of Distribution Jan Kregel
67
The Keynesian Project: Tom Asimakopulos and 'The Other Point of View' Heinz Kurz
83
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On the Compatibility between Ke
