Wednesday, September 30, 2015

Post Keynesian Economics: A Bibliography of Recent Introductory and Advanced Books (Updated)

Books on Post Keynesian economics and Modern Monetary Theory (MMT) appear every year, but over the past 9 years or so – especially after the financial crisis of 2008 – there seems to have been an embarrassment of riches in that many very good introductory and advanced books have appeared.

I update below my earlier list of these recent books:
Introductory Studies
Davidson, Paul. 2009. The Keynes Solution: The Path to Global Economic Prosperity (1st edn). Palgrave Macmillan, New York and Basingstoke.

Lavoie, Marc. 2009. Introduction to Post-Keynesian Economics (2nd rev. edn.). Palgrave Macmillan, Basingstoke, UK.

Skidelsky, R. J. A. 2010. Keynes: The Return of the Master (rev. and updated edn.). Penguin, London.

King, J. E. 2012. The Elgar Companion to Post Keynesian Economics (2nd edn.). Edward Elgar, Cheltenham.
This is the second and updated edition of this work (1st edn. King 2003) that gives excellent short essays and overviews of all major subjects in Post Keynesian economics. This is a splendid first port of call for any research, especially for the beginner.

Wray, L. Randall. 2012. Modern Money Theory: A Primer on Macroeconomics for Sovereign Monetary Systems. Palgrave Macmillan, New York.

King, John E. 2015. Advanced Introduction to Post Keynesian Economics. Edward Elgar, Cheltenham.
An advanced introduction to Post Keynesian economics by John E. King, whose work is always outstanding. Publisher details and the contents can be seen here. In particular, Chapter 8 is a discussion of the global financial crises of 2008 as interpreted in Post Keynesian theory.

Advanced and Specialist Literature
Hayes, Mark. 2006. The Economics of Keynes: A New Guide to The General Theory. Edward Elgar, Cheltenham.

Tily, Geoff. 2007. Keynes Betrayed: Keynes’s General Theory, The Rate of Interest and Keynesian Economics. Palgrave Macmillan, New York.

Godley, Wynne and Marc Lavoie. 2007. Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth. Palgrave Macmillan, New York, N.Y.

Mitchell, William and Joan Muysken. 2008. Full Employment Abandoned: Shifting Sands and Policy Failures. Edward Elgar, Cheltenham.

Davidson, Paul. 2009. John Maynard Keynes (rev. edn.). Palgrave Macmillan, Basingstoke.

Hein, Eckhard and Engelbert Stockhammer (eds.). 2011. A Modern Guide to Keynesian Macroeconomics and Economic Policies. Edward Elgar, Cheltenham.
A recent collection of essays on many different subjects.

Keen, Steve. 2011. Debunking Economics: The Naked Emperor Dethroned? (rev. and expanded edn.). Zed Books, London and New York.
This is the revised and updated version of Keen’s earlier work (Keen 2001).

Davidson, Paul. 2011. Post Keynesian Macroeconomic Theory: Foundation for Successful Economic Policies for the Twenty-First Century (2nd edn). Edward Elgar Publishing, Cheltenham.

Harcourt, G. C. and Peter Kriesler (eds.). 2013. The Oxford Handbook of Post-Keynesian Economics. Volume 1: Theory and Origins. Oxford University Press, New York.

Harcourt, G. C. and Peter Kriesler (eds.). 2013. The Oxford Handbook of Post-Keynesian Economics. Volume 2: Critiques and Methodology. Oxford University Press, New York.
A two volume collection of essays and advanced overviews of many different issues in Post Keynesian economics.

Lee, Frederic S. and Marc Lavoie (eds.). 2013. In Defense of post-Keynesian and Heterodox Economics: Responses to their Critics. Routledge, London.

Jespersen, Jesper and Mogens Ove Madsen (eds.). 2013. Teaching Post Keynesian Economics. Edward Elgar, Cheltenham, UK.
A collection of papers by leading Post Keynesian economists.

Lavoie, Marc. 2014. Post-Keynesian Economics: New Foundations. Edward Elgar, Cheltenham.
This is the newly updated and expanded version of Lavoie’s earlier work (Lavoie 1992). It runs to 680 pages, and is possibly the best and most authoritative work available.

Davidson, Paul. 2015. Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy. Edward Elgar Publishing, Cheltenham, UK.

Mitchell, Bill and L. Randall Wray. Modern Monetary Theory and Practice (forthcoming, 2015).
This textbook on MMT is forthcoming. There is a table of contents here.
Further Reading
“A Bibliography on the History of Post Keynesian Economics (updated),” September 6, 2014.

“Post Keynesian Textbooks,” July 5, 2011.

“Bibliography on Post Keynesian Economics,” July 6, 2011.

“Bibliography on Post Keynesian Methodology,” September 16, 2013.

“Bibliography on Keynes’s Theory of Probability (Updated),” July 6, 2014.

“Bibliography on Uncertainty in Post Keynesian Economics (Updated),” May 21, 2014.

King, J. E. (ed.). 2003. The Elgar Companion to Post Keynesian Economics. Edward Elgar, Cheltenham, UK and Northhampton, MA.

Keen, S. 2001. Debunking Economics: The Naked Emperor of the Social Sciences. Zed Books, New York and London.

Lavoie, Marc. 1992. Foundations of Post-Keynesian Economic Analysis. Edward Elgar Publishing, Aldershot, UK.

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