Research Areas of Interest
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1. The Economics of Keynes
I have written many things on Keynes. Most of my ideas are summarized in my book “The Economics of Keynes in Historical Context: An Intellectual History of the General Theory” (Macmillan/Palgrave, 2006). Selected past and more recent publications, as well as a link to my book are presented below:
"Natural Rate Mutations: Keynes, Leijonhufvud, and Wicksell," (with A.F. Cottrell) History of Political Economy, 23:625-643, Winter, 1991.
"Keynes, Cambridge and the New Keynesian Economics," Labor Economics: Problems in Analyzing Labor Markets, W.A. Darity, ed. (New York: Kluwer Academic Press, 1993).
"On the Historical Origin of Keynes’s Views on Financial Market Processes” History of Political Economy, 1994. Special Supplement: Neil de Marchi and Mary Morgan eds., "Higgling: Transactors and their Markets in the History of Economics."
New Perspectives on Keynes, A. Cottrell and M. Lawlor, eds., History of Political Economy Annual Supplement Volume. Durham: Duke University Press, 1995.
The Economics of Keynes in Historical Context: An Intellectual History of the General Theory. London: Palgrave Macmillan. 2006.
- The cover-image of the book:
- The publisher’s web page for the book can be seen at:
- Book Reviews:
- Review by David Laidler in History of Political Economy (forthcoming).
- Review by Victoria Chick in Intervention (forthcoming)
- Future Reviews (forthcoming)
2. Pragmatic Philosophy and Economics
I was first interested in the philosophy of the American Pragmatists – C. S. Peirce, William James and John Dewey – when I was an undergraduate at Texas. The lectures of Irwin Lieb sparked my interest in this regard. An invitation to present a paper on Dewey to a conference on “Pragmatism for Philosophers and Economists” that was organized by Elias Khalil in 2003, was the impetus for me to start writing on this topic.
“Dewey and Economic Reality.“ Elias Khalil, ed. Dewey, Pragmatism and Economic Methodology. London and New York, Routledge, 2004.
“William James's psychological pragmatism: habit, belief and purposive human behaviour,” Cambridge Journal of Economics, 2006 v. 30, no. 3. pp. 321-345. Electronic version at: http://cje.oxfordjournals.org/cgi/content/abstract/bei062v1
Pragmatism, The Scientific Method and Modern Economics. Book manuscript in preparation. 3 chapters of a projected 5 completed, summer 2008.
3. The Economics of Health Care Institutions
“Academic Medicine Under Economic Stress: A Case Study of the Institutional Change Transforming American Health Care.” Review of Social Economy, v. lx, no. 3, September 2002, pp 435-469.
“Biotechnology and Government Funding: Economic Motivation and Policy Models.” Challenge, v. 46, no. 1, Jan/Feb 2003, pp. 15-36. Reprinted in Science and Cents: Exploring the Economics of Biotechnology.Federal Reserve Bank of Dallas, Proceedings, September 2003.
4. Clinical Health Economics
1) "Effect of the look AHEAD study intervention on medication use and related cost to treat cardiovascular disease risk factors in individuals with type 2 diabetes." Redmon JB, Bertoni AG, Connelly S, Feeney PA, Glasser SP, Glick H, Greenway F, Hesson LA, Lawlor MS, Montez M, Montgomery B; Look AHEAD Research Group.Diabetes Care. 2010 Jun;33(6):1153-8.
OBJECTIVE: To examine the effect of a lifestyle intervention to produce weight loss and increased physical fitness on use and cost of medications to treat cardiovascular disease (CVD) risk factors in people with type 2 diabetes. RESEARCH DESIGN AND METHODS: Look AHEAD is a multicenter randomized controlled trial of 5,145 overweight or obese individuals with type 2 diabetes, aged 45-76 years. An intensive lifestyle intervention (ILI) involving group and individual meetings to achieve and maintain weight loss through decreased caloric intake and increased physical activity was compared with a diabetes support and education (DSE) condition. Medications prescribed to treat diabetes, hypertension, and hyperlipidemia were compared at baseline and 1 year. Medication costs were conservatively estimated using prices from a national online pharmacy. RESULTS: Participants randomized to an ILI had significantly greater improvements in CVD risk parameters and reduced medication use and cost compared with those assigned to DSE. At 1 year, average number of medications prescribed to treat CVD risk factors was 3.1 +/- 1.8 for the ILI group and 3.6 +/- 1.8 for the DSE group (P < 0.0001), with estimated total monthly medication costs of $143 and $173, respectively (P < 0.0001). DSE participants meeting optimal care goals at 1 year were taking an average of 3.8 +/- 1.6 medications at an estimated cost of $194/month. ILI participants at optimal care required fewer medications (3.2 +/- 1.7) at lower cost ($154/month) (P < 0.001). CONCLUSIONS: At 1 year, ILI significantly improved CVD risk factors, while at the same time reduced medication use and cost. Continued intervention and follow-up will determine whether these changes are maintained and reduce cardiovascular risk.
2) "Healthy Living Partnerships to Prevent Diabetes (HELP PD): design and methods."
Katula JA, Vitolins MZ, Rosenberger EL, Blackwell C, Espeland MA, Lawlor MS, Rejeski WJ, Goff DC.
Contemp Clin Trials. 2010 Jan;31(1):71-81. Epub 2009 Sep 13.
Although the Diabetes Prevention Program (DPP) developed a lifestyle weight loss intervention that has been demonstrated to prevent type 2 diabetes in high-risk individuals, it has yet to be widely adopted at the community level. The Healthy Living Partnership to Prevent Diabetes study (HELP PD) was designed to translate the DPP approach for use in community settings as a cost-effective intervention led by Community Health Workers (CHW's) and administered through a Diabetes Care Center (DCC). Approximately 300 overweight and obese (BMI 25-40 kg/m(2)) individuals with prediabetes (fasting blood glucose 95-124 mg/dl) were randomly assigned to either a lifestyle weight loss intervention (LW) or an enhanced usual care comparison condition (UC). The goal of LW is >or=7% weight loss achieved through increases in physical activity (180 min/wk) and decreases in caloric intake (approximately 1500 kcal/day). The intervention consists of CHW-led group-mediated cognitive behavioral meetings that occur weekly for 6 months and monthly thereafter for 18 months. UC consists of 2 individual meetings with a registered dietitian and a monthly newsletter. The primary outcome is change in fasting blood glucose. Secondary outcomes include cardiovascular risk factors, health-related quality of life, and social cognitive variables. Outcomes are masked and are collected every 6 months. The cost-effectiveness of the program will also be assessed. A community-based program that is administered through local DCC's and that harnesses the experience of community members (CHW's) may be a promising strategy for the widespread dissemination of interventions effective at preventing type 2 diabetes in high risk individuals.
5. Recent Publications
I will add my most recent publications as they are written at this place.
Review of John Maynard Keynes and International Relations: Economic Paths to War and Peace by Donald Markwell, 2008, EH-Net, February 2, 2008.
Review of The Cambridge Companion to Keynes, Roger Backhouse and Bradley Bateman, editors, Cambridge University Press, Economics and Philosophy, forthcoming, 2008.