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This study combines lessons drawn from events and experiences of developing countries and examines them in relation to Jan Kregel's ideas on economics and development. The contributors provide in-depth analysis on: financial stability and crises, monetary systems, banking, global governance, employment, inflation and political economy
Ever since the 2007–8 global financial crisis and its aftermath, Hyman Minsky’s theory has never been more relevant. Throughout his career, Jan Kregel has called attention to Minsky’s contributions to understanding the evolution of financial systems, the development of financial fragility and instability, and designing the financial structure necessary to support the capital development of the economy. Building on Minsky, Kregel developed a framework to analyze how different financial structures develop financial fragility over time. Rather than characterizing financial systems as market-based or bank-based, Kregel argued that it is necessary to distinguish between the risks that are c...
“Classical Economics Today: Essays in Honor of Alessandro Roncaglia” comprises a collection of original essays by leading economists who adopt a Classical approach to political economy. The essays showcase the relevance and topicality of the Classical approach, as opposed to the sterility and real-world irrelevance of mainstream economics.
This volume documents in a unique manner the momentum the institutionalist, evolutionary research agenda has regained over the past two decades. The thought-provoking contributions come from prominent authors with a rather heterogeneous theoretical background. Nonetheless, they all convene in elaborating on issues that have always been at the core of the institutionalist agenda and show how these issues relate to cutting edge research in modern economics. Ulrich Witt, Max Planck Institute of Economics, Jena, Germany This excellent EAEPE Reader brings together a range of perspectives on the role of institutions in economics. It is very well structured, with parts on microeconomics, macroecono...
Jan A. Kregel is considered to be “the best all-round general economist alive” (G. C. Harcourt). This is the first collection of his essays dealing with a wide range of topics reflecting the incredible depth and breadth of Kregel’s work. These essays focus on the role of finance in development and growth. Kregel has expanded Minsky’s original postulate that in capitalist economies stability engenders instability in international economy, and this volume collect’s Kregel’s key works devoted to financial instability, its causes and effects. The volume also contains Kregel’s most recent discussions of the Great Recession beginning in 2008.
This is a comprehensive and unique survey of how the relationship between finance and economic development has changed since the historic Monterrey Consensus of the International Conference on Financing for Development in 2002. It has become clear that mechanisms are needed to ensure that international private capital flows, including FDI, enhance productive investments and thereby contribute to development. Recent trends in official development financing offer some grounds for optimism, although many developing countries are constrained by their the external debt problems, and this book will play a key role in critically assessing recent policies and proposing constructive ways forward. The final part on systemic issues highlights new concerns and the modest progress so far.
Bringing together a body of original essays on key economic problems and challenges of the 1990s, an international group of economists provide new perspectives on key issues including Eastern Europe, 1992, the US trade deficit, protectionism, the unification of Germany, privatization, and many others. The book aims to be a reference point for all economists concerned with economic problems and prospects in the late 20th century.
Exploring the question of whether China's peasantry was a revolutionary force, this volume pays particular attention to the first half of the 20th century, when peasant-based conflict was central to nationwide revolutionary processes. It traces key themes of social conflict and peasant resistance.
'Ragnar Nurkse (1907-2007): Classical Development Economics and its Relevance for Today' presents a selection of papers that casts new insight on Nurkse's thought, and discusses his relevance for today.