Analytical Political Economy [Paperback]

Offering a unique picture of recent developments in a range of non-conventional theoretical approaches in economics, this book introduces readers to the study of Analytical Political Economy and the changes within the subject.

• Includes a wide range of topics and theoretical approaches that are critically and thoroughly reviewed
• Contributions within the book are written according to the highest standards of rigor and clarity that characterize academic work
• Provides comprehensive and well-organized surveys of cutting-edge empirical and theoretical work covering an exceptionally wide range of areas and fields
• Topics include macroeconomic theories of growth and distribution; agent-based and stock-flow consistent models; financialization and Marxian price and value theory
• Investigates exploitation theory; trade theory; the role of expectations and ‘animal spirits’ on macroeconomic performance as well as empirical research in Marxian economics

1. Analytical Political Economy 1
Roberto Veneziani and Luca Zamparelli

2. Taking Stock: A Rigorous Modelling of Animal Spirits in Macroeconomics 5
Reiner Franke and Frank Westerhoff

3. The Agent-Based Approach to Post Keynesian Macro-Modeling 39
Corrado Di Guilmi

4. Stock-Flow Consistent Macroeconomic Models: A Survey 63
Michalis Nikiforos and Gennaro Zezza

5. Heterodox Theories of Economic Growth and Income Distribution:A Partial Survey 103
Amitava Krishna Dutt

6. Endogenous Technical Change in Alternative Theories of Growth and Distribution 139
Daniele Tavani and Luca Zamparelli