Peter Kriesler
Biographic Data
| ID | 605339 |
|---|---|
| NAME | Peter Kriesler |
| GIVEN NAMES | Peter |
| FAMILY NAME | Kriesler |
| SIGNATURE | KRIESLER P |
| AFFILIATIONS | UNSW Sydney |
| ORCID | 0000-0003-1207-3875 |
| VERIFIED | Yes |
| TOTAL WORKS | 24 |
| TOTAL CITATIONS | 30 |
| AUTHOR COUNT | 21 |
| EDITOR COUNT | 3 |
| FIRST PUBLICATION YEAR | 1988 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 3 |
Post-Keynesian Economics: New Foundations , by Marc LavoieChapter 5: Effective Demand and Employment
This article examines Chapter 5 ‘Effective Demand and Employment’ in Post-Keynesian Economics: New Foundations by Marc Lavoie. This chapter covers one of the most distinctive contributions of the post-Keynesians, and one of its most profound insights. Analysis of effective demand and employment is a crucial and distinct foundation of post-Keynesian economics. Identifying the determinants of the level of employment and output represent one of the …
Revisiting ‘Pricing and the Investment Decision’
‘Pricing and the Investment Decision’, written with Peter Kenyon and published in Kyklos in 1976 contributes to post-Keynesian economics by analysing the determination of the mark-up of price over unit cost by large oligopolistic firms. Mark-ups are set to provide sufficient retained earnings under expected future conditions to finance the level of the firm’s planned investment expenditure. This provides a causal link at the microeconomic level f…
Geoffrey Colin Harcourt
The Covid-19 pandemic: Lessons on building more equal and sustainable societies
This discussion paper by a group of scholars across the fields of health, economics and labour relations argues that COVID-19 is an unprecedented humanitarian crisis from which there can be no return to the ‘old normal’. The pandemic’s disastrous worldwide health impacts have been exacerbated by, and have compounded, the unsustainability of economic globalisation based on the neoliberal dismantling of state capabilities in favour of markets. Flow…
Kalecki and Marx Reconnected
The paper considers the nature that Kalecki’s contributions represent a significant contribution to the Marxist tradition. While we argue that the underlying method of both Marx and Kalecki — their vision of society and its dynamics — and much of their analysis is fundamentally the same, differences arise because of the development of capitalism and the different stages of society each is analysing. For Kalecki, developed capitalist economies hav…
Post-Keynesian Essays from Down Under Volume IV: Essays on Theory: Theory and Policy in an Historical Context
Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underly
The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology
This book analyzes Keynesian foundations of post-Keynesian economics, focusing on how uncertainty and liquidity revoke Say’s law. It explains the key features of Michał Kalecki’s analysis of a capitalist economy and examines his macroeconomics in the short-run. It also provides a brief overview of post-Keynesian contributions to the study of the economic problems of least developed countries, also known as development economics. In addition, the …
The Oxford Handbook of Post-Keynesian Economics, Volume 1
This book analyzes Keynesian foundations of post-Keynesian economics, focusing on how uncertainty and liquidity revoke Say's law. It explains the key features of Michał Kalecki's analysis of a capitalist economy and examines his macroeconomics in the short-run. It also provides a brief overview of post-Keynesian contributions to the study of the economic problems of least developed countries, also known as development economics. In addition, the …
The Oxford Handbook of Post-Keynesian Economics: Vol 2: Critiques and Methodology
Oxford Handbook of Post-Keynesian Economics: Vol.1 Theory and Origins
The global financial crisis and the right to a decent job
The United Nations, and, before it the International Labour Organization, have consistently emphasised the right to employment with dignity and security. With the onset of the global crisis in the financial sector, this right is more important than ever. But paying lip service to the importance of the right is not enough. This article sets out the policies necessary to restore full employment as quickly as possible. It argues that it is possible …
The Enduring Importance of The General Theory
This paper examines some features of The General Theory that remain relevant 75 years after its publication. Keynes showed that even in a competitive economy with perfectly flexible prices, wages and interest rates, market prices could not guarantee full employment and that the achievement of full employment would only be a fluke. In other words, he showed that there was no natural mechanism to drive the economy to full employment, and that the l…
International Reserves, Effective Demand and Growth
During the last decade, developing (and some developed) economies have accumulated large amounts of international reserves, mainly for precautionary reasons. This phenomenon has been coupled with insufficient economic growth. The resources being amassed largely overwhelm protective needs, there is an excess of resources that is being wasted, and which could be utilised for alternative productive projects, namely to promote growth. If insufficient…
News from down under
Purpose This brief paper seeks to identify three potential threats to the future of heterodox economics in Australia. Design/methodology/approach The paper provides a case study of three potential threats to the future of heterodox economics in Australia. Findings The first comes from funding uncertainties, given the fiscal conservatism of the new federal government. The second emanates from attempts by the élite “group of eight” institutions to …
The New Consensus on Monetary Policy and its Post-Keynesian Critique
This paper seeks to look at the underlying framework of the New Consensus models, providing a Post-Keynesian critique. In the light of this critique, the model is reformulated, with its basic structure intact, but with alternative post-Keynesian specifications of the Phillips curve being considered. It is shown that such modifications, either allow a long run trade-off between the rate of inflation and the level of output, the rate of capacity ut…
Stagnation and Economic Conflict in Europe
Symposium: ‘The rights of strangers’
Debunking Economics: The Naked Emperor of the Social Sciences
Explains and debunks conventional neoclassical economic theory from first principles. Highlights the unsound foundations of major elements of the standard undergraduate education in economics, discussing problems with consumer demand theory, the theory of supply, the economic theory of the firm, and the theory of the labor market. Addresses important issues that are typically omitted or trivialized in an economics education, considering controver…
Keynes, Post-Keynesianism and Political Economy: Essays in Honour of Geoff Harcourt, Volume III
Economic Dimensions of Human Rights: An Overview
Answers for Steedman ∗
Essentially Steedman is endeavouring to incorporate Kaleckian analysis into a Sraffian framework and then complains that the fit is less than perfect. For Sraffians the central problem is to analyse the determination of intersectoral prices, taking output as given. Classical dynamics cannot be readily incorporated into such a framework. Conversely, for Kaleckians the fundamental problem is to understand the laws of motion of a capitalist economy.…
Kalecki, classical economics and the surplus approach ∗
So far the main successes of the surplus approach have been in providing a critique of certain variants of neoclassical theory (and to a lesser extent, of Marxian value theory). There has been much discussion of the parameters defining the framework of the new theory, but, apart from the analysis of long-period prices, not much constructive work has been done. For example, there has been little analysis of the determinants of accumulation, invest…
Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution
Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution
Journal Article Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution Get access Kalecki&s Microanalysis: The Development of Kalecki&s Analysis of Pricing and Distribution. By PETER KRIESLER. (Cambridge: Cambridge University Press, 1987. Pp. xii+132. £19.50 hardback.) Malcolm C. Sawyer Malcolm C. Sawyer University of York Search for other works by this author on: Oxford Academic Google Scholar The Economic Jou…
The New Consensus on Monetary Policy and its Post-Keynesian Critique
This paper seeks to look at the underlying framework of the New Consensus models, providing a Post-Keynesian critique. In the light of this critique, the model is reformulated, with its basic structure intact, but with alternative post-Keynesian specifications of the Phillips curve being considered. It is shown that such modifications, either allow a long run trade-off between the rate of inflation and the level of output, the rate of capacity ut…
Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution
Journal Article Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution Get access Kalecki&s Microanalysis: The Development of Kalecki&s Analysis of Pricing and Distribution. By PETER KRIESLER. (Cambridge: Cambridge University Press, 1987. Pp. xii+132. £19.50 hardback.) Malcolm C. Sawyer Malcolm C. Sawyer University of York Search for other works by this author on: Oxford Academic Google Scholar The Economic Jou…
News from down under
Purpose This brief paper seeks to identify three potential threats to the future of heterodox economics in Australia. Design/methodology/approach The paper provides a case study of three potential threats to the future of heterodox economics in Australia. Findings The first comes from funding uncertainties, given the fiscal conservatism of the new federal government. The second emanates from attempts by the élite “group of eight” institutions to …
Kalecki, classical economics and the surplus approach ∗
So far the main successes of the surplus approach have been in providing a critique of certain variants of neoclassical theory (and to a lesser extent, of Marxian value theory). There has been much discussion of the parameters defining the framework of the new theory, but, apart from the analysis of long-period prices, not much constructive work has been done. For example, there has been little analysis of the determinants of accumulation, invest…
Kalecki and Marx Reconnected
The paper considers the nature that Kalecki’s contributions represent a significant contribution to the Marxist tradition. While we argue that the underlying method of both Marx and Kalecki — their vision of society and its dynamics — and much of their analysis is fundamentally the same, differences arise because of the development of capitalism and the different stages of society each is analysing. For Kalecki, developed capitalist economies hav…
Revisiting ‘Pricing and the Investment Decision’
‘Pricing and the Investment Decision’, written with Peter Kenyon and published in Kyklos in 1976 contributes to post-Keynesian economics by analysing the determination of the mark-up of price over unit cost by large oligopolistic firms. Mark-ups are set to provide sufficient retained earnings under expected future conditions to finance the level of the firm’s planned investment expenditure. This provides a causal link at the microeconomic level f…
Stagnation and Economic Conflict in Europe
Economic Dimensions of Human Rights: An Overview
Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution
Journal Article Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution Get access Kalecki&s Microanalysis: The Development of Kalecki&s Analysis of Pricing and Distribution. By PETER KRIESLER. (Cambridge: Cambridge University Press, 1987. Pp. xii+132. £19.50 hardback.) Malcolm C. Sawyer Malcolm C. Sawyer University of York Search for other works by this author on: Oxford Academic Google Scholar The Economic Jou…
Kalecki's Microanalysis: The Development of Kalecki's Analysis of Pricing and Distribution
Kalecki, classical economics and the surplus approach ∗
So far the main successes of the surplus approach have been in providing a critique of certain variants of neoclassical theory (and to a lesser extent, of Marxian value theory). There has been much discussion of the parameters defining the framework of the new theory, but, apart from the analysis of long-period prices, not much constructive work has been done. For example, there has been little analysis of the determinants of accumulation, invest…
Answers for Steedman ∗
Essentially Steedman is endeavouring to incorporate Kaleckian analysis into a Sraffian framework and then complains that the fit is less than perfect. For Sraffians the central problem is to analyse the determination of intersectoral prices, taking output as given. Classical dynamics cannot be readily incorporated into such a framework. Conversely, for Kaleckians the fundamental problem is to understand the laws of motion of a capitalist economy.…
Economic Dimensions of Human Rights: An Overview
Keynes, Post-Keynesianism and Political Economy: Essays in Honour of Geoff Harcourt, Volume III
Symposium: ‘The rights of strangers’
Debunking Economics: The Naked Emperor of the Social Sciences
Explains and debunks conventional neoclassical economic theory from first principles. Highlights the unsound foundations of major elements of the standard undergraduate education in economics, discussing problems with consumer demand theory, the theory of supply, the economic theory of the firm, and the theory of the labor market. Addresses important issues that are typically omitted or trivialized in an economics education, considering controver…
Stagnation and Economic Conflict in Europe
The New Consensus on Monetary Policy and its Post-Keynesian Critique
This paper seeks to look at the underlying framework of the New Consensus models, providing a Post-Keynesian critique. In the light of this critique, the model is reformulated, with its basic structure intact, but with alternative post-Keynesian specifications of the Phillips curve being considered. It is shown that such modifications, either allow a long run trade-off between the rate of inflation and the level of output, the rate of capacity ut…
News from down under
Purpose This brief paper seeks to identify three potential threats to the future of heterodox economics in Australia. Design/methodology/approach The paper provides a case study of three potential threats to the future of heterodox economics in Australia. Findings The first comes from funding uncertainties, given the fiscal conservatism of the new federal government. The second emanates from attempts by the élite “group of eight” institutions to …
International Reserves, Effective Demand and Growth
During the last decade, developing (and some developed) economies have accumulated large amounts of international reserves, mainly for precautionary reasons. This phenomenon has been coupled with insufficient economic growth. The resources being amassed largely overwhelm protective needs, there is an excess of resources that is being wasted, and which could be utilised for alternative productive projects, namely to promote growth. If insufficient…
The global financial crisis and the right to a decent job
The United Nations, and, before it the International Labour Organization, have consistently emphasised the right to employment with dignity and security. With the onset of the global crisis in the financial sector, this right is more important than ever. But paying lip service to the importance of the right is not enough. This article sets out the policies necessary to restore full employment as quickly as possible. It argues that it is possible …
The Enduring Importance of The General Theory
This paper examines some features of The General Theory that remain relevant 75 years after its publication. Keynes showed that even in a competitive economy with perfectly flexible prices, wages and interest rates, market prices could not guarantee full employment and that the achievement of full employment would only be a fluke. In other words, he showed that there was no natural mechanism to drive the economy to full employment, and that the l…
The Oxford Handbook of Post-Keynesian Economics, Volume 2: Critiques and Methodology
This book analyzes Keynesian foundations of post-Keynesian economics, focusing on how uncertainty and liquidity revoke Say’s law. It explains the key features of Michał Kalecki’s analysis of a capitalist economy and examines his macroeconomics in the short-run. It also provides a brief overview of post-Keynesian contributions to the study of the economic problems of least developed countries, also known as development economics. In addition, the …
The Oxford Handbook of Post-Keynesian Economics, Volume 1
This book analyzes Keynesian foundations of post-Keynesian economics, focusing on how uncertainty and liquidity revoke Say's law. It explains the key features of Michał Kalecki's analysis of a capitalist economy and examines his macroeconomics in the short-run. It also provides a brief overview of post-Keynesian contributions to the study of the economic problems of least developed countries, also known as development economics. In addition, the …
The Oxford Handbook of Post-Keynesian Economics: Vol 2: Critiques and Methodology
Oxford Handbook of Post-Keynesian Economics: Vol.1 Theory and Origins
Post-Keynesian Essays from Down Under Volume IV: Essays on Theory: Theory and Policy in an Historical Context
Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underly
The Covid-19 pandemic: Lessons on building more equal and sustainable societies
This discussion paper by a group of scholars across the fields of health, economics and labour relations argues that COVID-19 is an unprecedented humanitarian crisis from which there can be no return to the ‘old normal’. The pandemic’s disastrous worldwide health impacts have been exacerbated by, and have compounded, the unsustainability of economic globalisation based on the neoliberal dismantling of state capabilities in favour of markets. Flow…
Kalecki and Marx Reconnected
The paper considers the nature that Kalecki’s contributions represent a significant contribution to the Marxist tradition. While we argue that the underlying method of both Marx and Kalecki — their vision of society and its dynamics — and much of their analysis is fundamentally the same, differences arise because of the development of capitalism and the different stages of society each is analysing. For Kalecki, developed capitalist economies hav…
Geoffrey Colin Harcourt
Post-Keynesian Economics: New Foundations , by Marc LavoieChapter 5: Effective Demand and Employment
This article examines Chapter 5 ‘Effective Demand and Employment’ in Post-Keynesian Economics: New Foundations by Marc Lavoie. This chapter covers one of the most distinctive contributions of the post-Keynesians, and one of its most profound insights. Analysis of effective demand and employment is a crucial and distinct foundation of post-Keynesian economics. Identifying the determinants of the level of employment and output represent one of the …
Revisiting ‘Pricing and the Investment Decision’
‘Pricing and the Investment Decision’, written with Peter Kenyon and published in Kyklos in 1976 contributes to post-Keynesian economics by analysing the determination of the mark-up of price over unit cost by large oligopolistic firms. Mark-ups are set to provide sufficient retained earnings under expected future conditions to finance the level of the firm’s planned investment expenditure. This provides a causal link at the microeconomic level f…
Economics (21 works) · Economic Theory and Policy (14 works) · Keynesian economics (12 works) · Political Economy and Marxism (9 works) · Politics (8 works) · Economic Theory and Institutions (7 works) · Neoclassical economics (7 works) · Political science (7 works) · Economic theories and models (6 works) · Law (6 works)