Keynes, Pigou and Cambridge Keynesians

GERHARD MICHAEL AMBROSI is Professor for European Economic Policy at the University of Trier, Germany (Jean Monnet Chair for European Economic Policy) and Director of the Centre for European Studies at the University of Trier. He graduated from Berlin Free University and did post graduate work at, among other places, Cambridge, UK. He published on Keynesian economics and on European economics.

PART I: THE SPENT REVOLUTIONS: LOST DIRECTIONS IN ECONOMIC DEBATES The Volatility in Macroeconomic Paradigms The Problem of Authenticity in Keynesian Economics The Problem of Authenticity in 'Classical' Economics Pigou as Keynes' Classic The Question of Fairness An Abstract of the Arguments PART II: THE PIGOUVIAN NODE Questions and Methods Pigou's 'Real Demand for Labour' Workings of the Basic Pigouvian Model Keynes' Internal Critique of Pigou and the Classics Keynes' External Critique of Pigou and the Classics Assessing the Classical Reconstruction Summary and Conclusion of Part II PART III: THE FLEDGLING DEBATE The Problematic Unfolding of the Pigou-Keynes Debate Basic Issues and Pigou's Rejoinders Pigou's 'Simplified Model' The Kaldorian Synthesis of Keynes and Pigou The Unresolved Conflict The Evaporation of Keynes' Analytical Aspiration PART IV: A POST-KEYNESIAN DILEMMA Problems and Methods The Structure of the Model Microfoundations of the Robinsonian Model The Workings of the Robinsonian Model The Robinsonian Model as a Basis for the Critique of Traditional Economics PART V: PARADIGMS AND PERSPECTIVES Paradigms of a Re-authenticated Keynes-Classics Debate Economic Consequences of a Re-authenticated Keynes-Classics Debate Perspectives from the General Theory : Liquidity and Philosophy Concluding Remarks List of Symbols References