Toward a new instrumental macroeconomics: Abba Lerner and Adolph Lowe on economic method, theory, history and policy

Reinventing Functional Finance: Transformational Growth and Full Employment

Volumn , Issue , 2003, Pages 52-65

  Forstater, Mathew ^a,b,c  

^a UNIVERSITY OF MISSOURI KANSAS CITY   (United States)

^b BARD COLLEGE   (United States)

^c Missouri Institute for Public Policy   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 33745798373     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4337/9781781950845.00012     Document Type: Chapter

References (42)

1. Bator, Francis M. (1962), Money and Government, Atlantic Monthly, April.
2. Bell, Stephanie (2000), Do Taxes and Bonds Finance Government Spending?, Journal of Economic Issues, 34 (3), 603-20.
3. Cannan, Edwin (1904), Marginal Summary, in A. Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, New York: Modern Library.
4. Cavanaugh, Francis X. (1996), The Truth About the National Debt, Boston, MA:Harvard Business School Press.
5. Collins, Sheila D., Helen Lachs Ginsburg, and Gertrude Schaffner Goldberg (1994), Jobs for All: A Plan for the Revitalization of America, New York: Apex Press.
6. Day, A.C.L. (1957), Outline of Monetary Economics, Oxford: Clarendon Press.
7. Eisner, Robert (1994), The Misunderstood Economy, Boston, MA: Harvard Business School Press.
8. Forstater, Mathew (1998), Flexible Full Employment: Structural Implications of Discretionary Public Sector Employment, Journal of Economic Issues, 32(2), 557-63.
9. Forstater, Mathew (1999), Working Backwards: Instrumental Analysis as a Policy Discovery Procedure, Review of Political Economy, 11 (1) 5-19.
10. Goodhart, Charles (1997), One Government, One Money, The Prospect, March, pp 1-3.
11. Goodhart, Charles (1998), The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas, Working Paper, Financial Markets Group, London School of Economics.
12. Gordon, Wendell (1997), Job Assurance - the Job Guarantee Revisited, Journal of Economic Issues, 31 (3), September.
13. Graham, Benjamin (1937), Storage and Stability, New York: McGraw-Hill.
14. Harvey, Philip (1989), Securing the Right to Employment, Princeton, NJ: Princeton University Press.
15. Heilbroner, Robert L. (ed.) (1969), Economic Means and Social Ends: Essays in Political Economics, Englewood Cliffs, NJ: Prentice-Hall.
16. Heilbroner, Robert L. and Peter Bernstein (1989), The Debt and the Deficit, New York:Norton.
17. Keynes, John Maynard (1930), A Treatise on Money, New York: Harcourt, Brace.
18. Keynes, John Maynard (1936 [1964]), The General Theory of Employment, Interest, and Money, New York: Harvest Harcourt Brace, 1964.
19. Knapp. G.F. (1924), The State Theory of Money, Munich: Duncker and Humblot.
20. Kurihara, Kenneth (1950), Monetary Theory and Public Policy, New York: Norton.
21. Lerner, Abba P. (1941), The Economic Steering Wheel, University of Kansas Review, June.
22. Lerner, Abba P. (1943), Functional Finance and the Federal Debt, Social Research, (10), 38-51, reprinted in M.G. Mueller (ed.), Readings in Macroeconomics, New York: Holt, Rinehart, and Winston, pp. 353-60.
23. Lerner, Abba P. (1944), The Economics of Control, New York: Macmillan.
24. Lerner, Abba P. (1947), Money as a Creature of the State, American Economic Review, 37 (2), 312-17.
25. Lerner, Abba P. (1951), The Economics of Employment, New York: McGraw-Hill.
26. Lerner, Abba P. (1969), On Instrumental Analysis, in R.L. Heilbroner (ed.), Economic Means and Social Ends: Essays in Political Economics, Englewood Cliffs, NJ:Prentice-Hall.
27. Lerner, Abba P. (1972), Flation, Baltimore, MD: Penguin Books.
28. Lowe, Adolph (1935), Economics and Sociology, London: Allen and Unwin.
29. Lowe, Adolph (1965), On Economic Knowledge, White Plains, NY: M.E. Sharpe, expanded edition (1977).
30. Lowe, Adolph (1967), The Normative Roots of Economic Value, in S. Hook (ed.), Human Values and Economic Policy, New York: NYU Press.
31. Lowe, Adolph (1969), Toward a Science of Political Economics, in R.L. Heilbroner (ed.), Economic Means and Social Ends: Essays in Political Economics, Englewood Cliffs, NJ: Prentice-Hall.
32. Lowe, Adolph (1976), The Path of Economic Growth, Cambridge: Cambridge University Press.
33. Lowe, Adolph (1988), Has Freedom a Future?, New York: Praeger.
34. Minsky, Hyman P. (1986), Stabilizing an Unstable Economy, New Haven, CT: Yale University Press.
35. Mitchell, William F. (1998) The Buffer Stock Employment Model and the NAIRU:The Path to Full Employment, Journal of Economic Issues, 32(2), 547-55.
36. Mosler, Warren (1995), Soft Currency Economics, West Palm Beach: III Finance, 3rd edn.
37. Mosler, Warren (1997-98), Full Employment and Price Stability, Journal of Post Keynesian Economics, 20 (2), 167-82.
38. Papadimitriou, Dimitri, L. Randall Wray, and Mathew Forstater (1998), Toward Full Employment without Inflation: The Job Opportunity Program, Report, Jerome Levy Economics Institute, 8 (3), August.
39. Pierson, John H. G. (1945), Fiscal Policy for Full Employment, National Planning Association Planning Pamphlets, No. 45.
40. Samuelson, Paul (1966[1961]), Functional Fiscal Policy for the 1960s, in E. Phelps et al. (eds), Problems of the Modern Economy, New York: Norton.
41. Tobin, James (with S. Golub) (1998), Money, Credit, and Capital, New York: McGraw-Hill.
42. Wray, L. Randall (1998), Understanding Modern Money: The Key to Full Employment and Price Stability, Cheltenham, UK and Lyme, US: Edward Elgar.