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Mark Roberts, Mark Setterfield and Marc Hnytka

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Mark Roberts and Mark Setterfield

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Stephanie Seguino and Mark Setterfield

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A Neo-Kaldorian Perspective on the Rise and Decline of the Golden Age

Challenging the Supply-side Vision of the Long Run

Mark Setterfield and John Cornwall

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Mark Setterfield and Kurt von Seekamm

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Edited by Mark Setterfield

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Edited by Mark Setterfield

Comprising specially commissioned essays, the Handbook provides a comprehensive overview of alternative theories of economic growth. It surveys major sub-fields (including classical, Kaleckian, evolutionary, and Kaldorian growth theories) and highlights cutting-edge issues such as the relationship between finance and growth, the interplay of trend and cycle, and the role of aggregate demand in the long run.
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Mark Setterfield

This chapter views the debate between horizontalism and structuralism through the lens of the ‘history versus equilibrium’ distinction in post-Keynesian macrodynamics. The argument is that that there can be, and to an extent already is, agreement that the horizontal credit-supply curve is not a special case, and that the existence of an indeterminate dynamic credit-supply schedule provides a general framework capable of accommodating both horizontalist and structuralist arguments. These claims rest on the distinction between logical and historical time and, in particular, the claim that any construct (including, for example, a credit-supply schedule) that is akin to a determinate long-run equilibrium relationship is anathema to the methodological foundations of post-Keynesian economics.