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The Macroeconomics of Self-fulfilling Prophecies
Farmer argues for the future of macroeconomics as a branch ofapplied general equilibrium theory. His main theme is thatmacroeconomics is best viewed as the study of equilibrium environmentsin which the welfare theorems break down.
How the Economy Works
"Of all the economic bubbles that have been pricked," the editors of The Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided policymakers for a generation. But what will take its place? In How the Economy Works, one of our leading economists provides a jargon-free exploration of the current crisis, offering a powerful argument for how economics must change to get us out of it. Roger E. A. Farmer traces the swings between classical and Keynesian economics since the early twentieth century, gracefully explaining the elements ...
Prosperity for All
In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. Written in clear, accessible language by prominent macroeconomic theorist Roger E. A. Farmer, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth.
Farmer First Revisited
Agriculture is an urgent global priority and farmers find themselves in the front line of some of the world's most pressing issues- climate change, globalization and food security. Twenty years ago, the Farmer First workshop held at the Institute of Development Studies, University of Sussex, UK, launched a movement to encourage farmer participation in agricultural research and development (R & D), responding to farmers' needs in complex, diverse, risk-prone environments, and promoting sustainable livelihoods and agriculture. Since that time, methodological, institutional and policy experiments have unfolded around the world. Farmer First Revisited returns to the debates about farmer participation in agricultural R & D and looks to the future.The book presents a range of experiences that highlight the importance of going beyond a focus on the farm to a wider innovation system, including market interactions as well as the wider institutional and policy environment. If, however, farmers are really to be put first, a politics of demand is required in order to shape the direction of these innovative systems.
Expectations, Employment and Prices
Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now about developing a second instrument of monetary policy in addition to controlling the interest rate. Roger Farmer directly addresses this issue and offers new creative monetary policy proposals and suggestions for the design of new financial institutions for the 21st century.
Washington at the Plow
A fresh, original look at George Washington as an innovative land manager whose singular passion for farming would unexpectedly lead him to reject slavery. George Washington spent more of his working life farming than he did at war or in political office. For over forty years, he devoted himself to the improvement of agriculture, which he saw as the means by which the American people would attain the Òrespectability & importance which we ought to hold in the world.Ó Washington at the Plow depicts the Òfirst farmer of AmericaÓ as a leading practitioner of the New Husbandry, a transatlantic movement that spearheaded advancements in crop rotation. A tireless experimentalist, Washington pull...
The Last Hunger Season
At 4:00 am, Leonida Wanyama lit a lantern in her house made of sticks and mud. She was up long before the sun to begin her farm work, as usual. But this would be no ordinary day, this second Friday of the new year. This was the day Leonida and a group of smallholder farmers in western Kenya would begin their exodus, as she said, "from misery to Canaan," the land of milk and honey. Africa's smallholder farmers, most of whom are women, know misery. They toil in a time warp, living and working essentially as their forebears did a century ago. With tired seeds, meager soil nutrition, primitive storage facilities, wretched roads, and no capital or credit, they harvest less than one-quarter the yi...
Managing Migraine
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Can Heterodox Economics Make a Difference?
In a series of in-depth interviews with leading economists and policy-makers from different schools including Austrian, Monetarist, New-Keynesian, Post-Keynesian, Modern Monetary Theory, Marxist and Institutionalist, this intriguing book sheds light upon the behaviour of economists and the sociology of the economics profession by enabling economists to express their views on a wide range of issues.
