Tag Archives: Nell

With Lance in Beijing (2001)I took Lance’s macro class in the Fall of 1995 at the New School for Social Research (NSSR), and then was his Teaching Assistant for two years. The book we formally used was Income Distribution, Inflation and Growth: Lectures on Structuralist Macroeconomic Theory, in which the terms (not the concepts) for wage-led and profit-led economies were first used (at least that's what I think; profit-led does not appear in the index, I must note). But classes were based on...

Video of the conference, without the long part before it starts that was on the Review of Keynesian Economics Facebook page.[embedded content] At any rate,the three presentations by professors Serrano, Palumbo and Nell.

Ed Nell, who shared his signed copy of PCMC   The whole Zoominar can be watched at the Review of Keynesian Economics' (ROKE) Facebook page here. It starts early with the live-stream, you can jump to minute 49 or so and watch from the onward.

Tomorrow we will talk about this book that is the Rosetta Stone of the history of economic ideas (read post 6 below for more on that). I'm happy to have a great panel to discuss it. In the meantime below 7 previous posts on Sraffa's contributions to economics, which might be helpful for some.Sraffa and the Marshallian System Sraffa, Marx and the Labor Theory of Value (LTV) Sraffa, Ricardo and Marx The Standard Commodity and the LTV The Capital Debates Microfoundations of Macroeconomics...

ROKE sponsored event soon. It will be live-streamed too.

From a late 1990s catalogue; Lance Taylor (center), and also in no particular order and from what I can remember (Ellen Houston, Adalmir Marquetti, myself (with goaty on the left side), Margaret Duncan, Josh Bivens and Carlos Pinkusfeld (Orozco Room) The New School for Social Research was founded 100 years ago by a group of academics dissatisfied with the direction of American high education. Economics was central to the early history of the New School, and my brief, very incomplete,...

This is a post for those interested in demand-led theories of growth. Not long ago I wrote a post on misconceptions about Sraffian economics. Marc Lavoie sent me a nice email about it, and a recent paper he published in Metroeconomica (subscription required), which comments on a paper I wrote with Esteban Pérez (working paper available here). In his discussion of supermultiplier models, which put the multiplier and the accelerator together to explain -- not fluctuations of the level of...