Saturday, June 1, 2013

Let's say you were brought up on Kaleckian post-Keynesianism and you wanted an introductory treatment of a basic Kaldorian model...

...the sort of treatment that gives the skeleton of what all Kaldorian models share, in a paper - not a book.

Any suggestions?



  1. Also, what strands of post-Keynesianism would I be missing by really inculcating these?

    - Sraffian
    - Marxian
    - Minsky
    - ????

    Marx I am writing off as sure-you-guys-like-him-and-I'm-sure-he-has-interesting-things-to-say-but-I'm-not-allocating-time-resources-there (sort of like Rothbard when I tackle Austrian economics).

    I am less interested in finance so I acknowledge Minsky's great but don't want to spend a lot of time there either.

    Sraffa's the one I feel a little guilty about.

    But are there other major facets of post-Keynesianism I'd be neglecting? Is it a mistake to think that Robinsonian and Kaldorian models are essentially the same?

    1. Actually, I've heard somewhere that Robinson's economics were more influenced by Michal Kalecki rather than Nicholas Kaldor. Interestingly, I don't know of any prominent "Robinsonians"...from what I can tell, the Kaleckian, Kaldorian, Davidsonian, and Minskian factions seem more influential in the proverbial Post-Keynesian tent.

  2. I told you that you ought to have looked into the works of Professor Mark A. Setterfield of Trinity College in Hartford, CT, more closely - he has published work on "Kaldorian economics". That stated, here's some stuff that may help you out.

    You may also wish to look into the works of John S. L. McCombie, Jesus Felipe, Anthony P. Thirlwall, and Miguel Leon-Ledesma, for further reference, Daniel.

    1. Right - I know Setterfield is in this literature. I know people that have worked with Kaldorian models, I'm just curios what a good introductory version would be. Any of those fit that bill?

    2. I guess the handbook probably.

      Just crowdsourcing peoples' preferred Kaldorian baby-food.

    3. The Handbook of Alternative Theories of Economic Growth, which was edited by Setterfield, would be a good bet. You could also try to get a copy of Setterfield's 2002 book, The Economics of Demand-Led Growth: Challenging the Supply-Side Vision of the Long Run - there are chapters in that book which discuss Kaldorian models extensively. That stated, the first link (a DOI link to an article Setterfield recently published in the Review of Keynesian Economics) might provide some guidance to Kaldorian models - but I don't think it counts as an introduction to Kaldorian models...still, it's better than nothing.

      You'd also better start digging through the works by the other scholars I mentioned, who have written about Kaldorian models - John S. L. McCombie, Jesus Felipe, Anthony P. Thirlwall, and Miguel Leon-Ledesma.

      Good luck in your revisions!

  3. Hi! I've been following your web site for a long time now and finally got the courage to go ahead and give you a shout out from New Caney Tx! Just wanted to mention keep up the great job!

    My web-site; Bauchmuskel├╝bungen

  4. These might fit, depending on your value for "introductory:"

    "Endogenous Growth: A Kaldorian Approach" by Mark Setterfield (I can't generate a stable link, but google it)

    "The conditional convergence properties of simple Kaldorian growth models, by Mark Roberts (ditto)

  5. Ask Ramanan over at Concerted Action. I think he has the complete collected works of Kaldor. Certainly seems to know it like the back of his hand.

  6. Abba Lerner, Augusto Graziani?

  7. Kaldor and Kaldorians by John E King (from the book Handbook of Alternative Theories of Growth)?


All anonymous comments will be deleted. Consistent pseudonyms are fine.