Book Reviews

John Harvey of Texas Christian University reviews “Distribution and Growth after Keynes: A Post-Keynesian Guide”, by Eckhard Hein. The Econlit abstract of this book begins: “Focuses on the link between “functional income distribution” and growth or economic development in theories of distribution and growth after John Maynard Keynes. Discusses from Keynes to Evsey David Domar and Roy Forbes Harrod─considering the capacity effect of investment and an attempt at dynamic theory; Neoclassical distribution and growth theory─old and new and a critique; post-Keynesian distribution and growth theories I─Nicholas Kaldor, Luigi L. Pasinetti, Anthony P. Thirlwall, and Joan Robinson; post-Keynesian distribution and growth theories II─Michal Kalecki and Josef Steindl; the basic Kaleckian distribution and growth models; extending Kaleckian models I─saving out of wages and open economy issues; extending Kaleckian models II─technical progress; extending Kaleckian models III─interest and credit; extending Kaleckian models IV─finance-dominated capitalism; and the Kaleckian models and classical, Marxian, and Harrodian critique.” Hein is Professor at the Berlin School of Economics and Law.