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The Euro
This book takes a close look at macroeconomic imbalances within the Eurozone and explores the profound consequences the introduction of the European Monetary Union (EMU) has had on Euro area countries. Particular attention is given to balance of payments deficits and surpluses, and the profound difficulties of rebalancing the Euro area. Throughout the chapters, the author argues that the EMU has failed to support an optimal currency area with the correct institutional arrangements due to misunderstandings at a macroeconomic level. The author also sheds light on the stability pact and the resulting macroeconomic trap which has left a number of Eurozone countries with devastatingly high rates ...
Macroeconomic Methodology
Methodological practice is at the heart of divisions between schools of macroeconomic thought. Jesper Jespersen s book explains why and precisely how, and gives the reader the insight to choose between rival approaches. His own inspiration comes from Critical Realism and Popper s Three World analysis, with Keynes as the main exponent of a realist approach. The starting point of realist theory is a view of how the world is, rather than axioms, and the test is whether the theory can make, as Jespersen puts it, the round trip back to reality , to give practical guidance to policy. This is only the focal point of a rich and attractive canvas. How I wish this book had been available when I taught...
Keynes, Uncertainty and the Global Economy
This book should be welcomed by post Keynesian economists, microeconomists and those interested in international economics.
An Introduction to Macroeconomics
The second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.
Teaching Post Keynesian Economics
This book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of KeynesÕ General Theory is no longer present in the most university syllabuses, this book celebrates the uniqueness of teaching post Keynesian economics, providing comparisons with traditional economic rationale and illustrating the advantages of post Keynesian pedagogy. Against a backdrop in which neo-classical textbooks prevail, the expert contributors demonstrate that Keynes and The General Theory possess indispensable insight that would furnish students with a clearer ...
Introduction to Macroeconomic Theory
This is a textbook of macroeconomic theory and politics from a post-Keynesian perspective. The function of the macroeconomic system is explained in a straightforward way. The text is deliberately designed to be simple and pedagogical and is supported by a number of illustrative diagrams. Mathematics is reduced to an absolute minimum and put into separate text boxes.
Keynes's General Theory for Today
ÔAt a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of KeynesÕs great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which KeynesÕs methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.Õ Ð Sheila Dow, University of Stirling, UK ÔThis book celebrates the 75th anniversary of KeynesÕs General Theory, which has proved yet again to be an endless ...
Zlotnik's Treasure Trove
Boris Zlotnik is an extraordinary trainer and coach. He was the director of a legendary chess school in Moscow before he emigrated to Spain in 1993. Ten years later, the super talent Fabiano Caruana moved to Madrid with his entire family to live near his trainer Zlotnik. As a former coach of U.S. Champion Caruana, Zlotnik knows how top players work on their chess improvement. And his experience with club players allows him to translate that understanding into practical lessons for amateurs about highly original subjects like creativity or 'putting up resistance' - topics seldom touched on in other chess manuals. Zlotnik covers a wide variety of topics and uses a wealth of material. Readers will love this new book, as they did his first book, Zlotnik's Middlegame Manual. 'A brilliant, important and extraordinarily instructive book', said Florian Jacobs, the book reviewer for the Max Euwe Center in Amsterdam. 'This is how probing, rich and motivating studying chess can be.'
Money and Payments in Theory and Practice
International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation. Departing from conventionally held beliefs, Sergio Rossi sets off from a positive analysis of the logical origin of money, which is the essential principle of double-entry book-keeping through which banks record all debts and credits for further reference and settlement and provides theoretical and empirical advances in explaining money endogeneity for the investigation of contemporary domestic and international monetary issues. Showing that both money and banking have profound implications for real economic activities, this innovative work is essential reading, not only for scholars in monetary economics, but also for professionals concerned with monetary policy and payments system issues.
The Global Economic Order
Exploring in depth the institutions that underpin the global economy, this study provides invaluable insights into why a minimum economic order has endured for so long and why states are unwilling to establish a maximum order, a global safety net for all. The author investigates how debt – a critical component of states’ economic infrastructure – leads to debilitating crises, and how these crises undermine the economic autonomy and political independence of states.
