Financialization and the US economy

Profound transformations have taken place both in the US and the global economy, most especially in the realm of finance. Financial markets and transactions have been growing continuously in size and in importance while finance in general has acquired an increasingly prominent position in the ...

The economics of Keynes

a new guide to the general theory

In his 'New Guide' to The General Theory, Mark G. Hayes presents Keynes' illustrious work as a sophisticated Marshallian theory of the competitive equilibrium of the economy as a whole. This unique book takes full account of the nature of time and money and illustrates ...

Money, distribution, and economic policy

alternatives to orthodox macroeconomics

"Money, Distribution and Economic Policy" takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore ...

Modern State intervention in the Era of Globalisation

INDICE: Preface Introduction; Part I: Theoretical Issues; 1. Economic and Political Aspects of the State; 2. The Role of the State and Government Expenditure; 3. Globalisation: Problem or Solution?; 4. Why Free Trade isn't Free - and Shouldn't Be; 5. Public Finance and Taxation ...

Post-keynesian principles of economic policy

Post-Keynesian economics is moving beyond criticism of mainstream economics and is focusing on providing a positive alternative to orthodoxy. This book gathers carefully selected and original papers by a number of distinguished post-Keynesian writers from Europe and the Americas and converges on the principles that ...

Sustainable fiscal policy and economic stability

theory and practice

The public debt/GDP ratio in several countries showed the largest ever peacetime increase during the last 20 years of the twentieth century, thereby causing widespread fiscal unsustainability. Towards the latter half of the 1990s, several governments initiated steps to reverse this trend however, they ...

The rise of unemployment in Europe

a keynesian approach