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Financial Conditions and Macroeconomic Performance
This collection of papers on financial instability and its impact on macroeconomic performance honours Hyman P. Minsky and his lifelong work. It is based on a conference at Washington University, St. Louis, in 1990 and includes among the authors Benjamin M. Friedman, Charles P. Kindleberger, Jan Kregel and Steven Fazzari. These papers consider Minsky's definitive analysis that yields such a clear and disturbing sequence of financial events: booms, government intervention to prevent debt contraction and new booms that cause a progressive buildup of new debt, eventually leaving the economy much more fragile financially.
Wealth Accumulation and Communities of Color in the United States
"Congratulations to Drs. Nembhard and Chiteji and the authors included in this much needed volume of work! Their book offers the perspective and insight of scholars of color that are too often missing from information produced by the asset building field (people and organizations seeking to help low-income people develop assets). Communities served by the asset building field are disproportionately made up of people of color. This book captures work produced by scholars representing these communities and offers innovative and thought provoking analyses of wealth inequality. Decision-making on research, policy, and practice that fails to incorporate the knowledge of these and other asset accu...
Capitalism, Macroeconomics and Reality
The essays comprising this collection analyze the deep flaws in the methodological foundation of mainstream economic theory, and explain how these flaws make mainstream economics more ideology than sound social science. James Crotty develops alternative theories built on realistic assumptions that can explain most of the disastrous economic and financial developments of the past four decades. His work contributes to the collective creation of a solid theoretical foundation on which to build an understanding of the ‘laws of motion’ of capitalism in the post WWII era.
Money Has No Value
We need a new theory of money. The still-dominant theory of money as taught in intro textbooks is 100+ years old, and for almost that long we have known that it’s totally wrong. The best alternative are "heterodox" accounts developed in the 90s and 00s. These are indeed better overall descriptions of money, but they remain incomplete and inadequate: they rely too much on why the orthodoxy is wrong, thereby incorrectly assuming there is only one alternative (so-called heterodoxy). Money has no value develops a new (more subtle, more sophisticated) theory of money. It takes more seriously than any other work to date, the depth and seriousness of the fundamental claim that all money is credit...
Financialisation in Crisis
The turmoil of 2007-2009 is a crisis of financialised capitalism, and for this reason it is systemic and unusual. The crisis commenced in the sphere of finance, spread to production, and then became a world recession. Its unusual character is apparent since never before has a global economic crisis been triggered by banks lending to workers to buy houses. Moreover, state intervention to forestall the crisis becoming a major depression has been unprecedented. This book brings together several well-known political economists to analyse the domestic and international aspects of financialisation, thus putting the crisis in its appropriate context. It draws on Marxist and other heterodox economics to cast light on the broader implications of financialisation and crisis for society.
New Keynesian Economics / Post Keynesian Alternatives
The New Keynesian Economics has been the most significant development in economics in recent years. Does it actually build upon Keynes' work? In this volume, leading post Keynesian economists challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems.
Philosophy and the Problems of Work
Philosophy and the Problems of Work brings together for the first time important philosophical perspectives on the subjects of labor and work, spanning analytical and Continental traditions. This comprehensive collection engages contemporary debates in political theory and the philosophy of economics, including the perspectives of classical and welfare liberals, anarchists, and feminists, about the nature and meaning of work in modern technological society, the issues of meaningful work and exploitation, justice and equality, the welfare state and democratic rights, and whether market socialism is a competitive alternative to traditional capitalism. An introduction by the editor charts the h...
Thinking Geographically
The last decade has seen Geography transformed by an astonishing range of cultural and philosophical concepts and approaches. Thinking Geographically is designed for students as an accessible and enjoyable introduction to this new landscape of geographical ideas. The book takes the reader through the history of geographic thought up to a survey of the present. Contemporary theory is then used to explore real world issues drawn from across the discipline of social, cultural, political and economic geography.Entertainingly written and packed with examples and with profiles of key theorists, the book is an ideal introduction for any student who wants to discover the potential of thinking geographically.
African Americans in the U.S. Economy
The forty-three chapters in African Americans in the U.S. Economy focus on various aspects of the economic status of African Americans, past and present. Taken together, these essays present two related themes: first, when it comes to economics, race matters; second, racial economic discrimination and inequality persist despite the optimistic predictions of standard economic analysis that racial discrimination cannot thrive in a free-market economy. Visit our website for sample chapters!
Reclaiming Prosperity
This work presents a predicted summary of major economic challenges facing the United States in the last years of the 20th century. Intended to shape the platforms of the major parties and the general public, it contains proposals by leading specialists aimed at resolving such challenges.
