The reconstruction of political economy : an introduction to post-Keynesian economics

## List of Figures 7 A.l Harcourt's diagram showing capital reversal and double switching for two techniques of production 10.1 Price level in the consumption sector 10.2 Price level with higher ratio of investment to consumption 10.3 Pricing for the firm 10.4 Pricing at less than full employment ## Preface to the Second Edition In the not too distant past a new edition offered the possibilities of rather substantial revision of material, either in line with changes in the author's point of view or in response to comment and criticism. Modern printing technology makes such changes a luxury available only at prohibitive cost in terms of selling price. Under these constraints I have had to be content with the correction of the most glaring printing and editorial errors. This edition, however, differs from the first by the inclusion, as an Appendix, of what was, in an initial draft, the final chapter of Part Three. This material, which deals with government taxation and expenditure, was not included in the final version for I felt that the assumptions necessary to keep it to a length consistent with the treatment of other subjects treated in Part Three were overly restrictive. To work out the full effects under more general assumptions would have required space out of all proportion to their general significance. As I was eventually persuaded to include the material in the Italian edition, and since additions are less costly than changes, I have decided to include the material here as an Appendix. The reader is, however, asked to take seriously the caveats given there .concerning the analysis of different types of taxation (incomes, persons, values and volumes) when the simple assumptions are relaxed. J.A.K. Front Matter....Pages i-xix Front Matter....Pages 1-1 Preparing the Way....Pages 3-18 Skeletons of the Past....Pages 19-33 Definitions and Assumptions....Pages 34-49 Front Matter....Pages 51-51 The Basic Model — the Consumption Sector....Pages 53-67 The Basic Model — the Capital Goods Sector....Pages 68-76 Golden-Age Growth and Neutral Technical Progress....Pages 77-86 The Choice of Technique within a Spectrum....Pages 87-97 Exercises with the Basic Model....Pages 98-108 Front Matter....Pages 109-109 Value, Distribution and Measurement....Pages 111-130 An Alternative Pricing Explanation....Pages 131-153 Money Variables, Real Variables and Financial Assets....Pages 154-171 An Open Economy....Pages 172-184 Front Matter....Pages 185-185 Alternative Post-Keynesian Analyses — I....Pages 187-193 Alternative Post-Keynesian Analyses — II....Pages 194-200 Where do We go From Here?....Pages 201-209 Back Matter....Pages 210-228