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Cover Capital Movements and Corporate Dominance in Latin America
Capital Movements and Corporate Dominance in Latin America
Reduced Growth and Increased Instability
Editors:
Noemi Levy-Orlik
,
Jorge A. Bustamante-Torres
, and
Louis-Philippe Rochon
This book addresses the problems of Latin America, through two of the most important features of the post-Bretton Woods economic order, large corporations and weak financial markets. In turn, it shows that their impact on economic growth and development is feeble and short-lived. This resulted in income concentration and an extremely unequal distribution of wealth in the region. 
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Monograph Book
Publication Date:
08 Jun 2021
DOI:
https://doi.org/10.4337/9781800372146
Collections:
Economics 2021
Cover Thirlwall's Law at 40
Thirlwall's Law at 40
Editors:
Thomas Palley
,
Esteban Pérez Caldentey
, and
Matías Vernengo
2019 marked the 40th anniversary of the publication of Anthony P. Thirlwall’s classic paper that laid out what became known as Thirlwall’s law. This article introduced and provided empirical evidence in favor of the proposition that the long-run rate of growth of an economy compatible with balance-of-payments equilibrium can be approximated by the simple rule of the ratio of the growth of exports to the income elasticity of demand for imports.
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Monograph Book
Publication Date:
23 Apr 2021
DOI:
https://doi.org/10.4337/9781800881471
Collections:
Economics 2021
Cover Unbalanced Growth from a Balanced Perspective
Unbalanced Growth from a Balanced Perspective
Carl Chiarella
,
Peter Flaschel
,
Reiner Franke
,
Ricardo Araujo
,
Matthieu Charpe
,
Christian R. Proaño
, and
Andreas Szczutkowski
As a whole this book adds the ‘Keynes’-component (K) to the Goodwinian vision of a ‘MKS-System’. It first provides a reconsideration of prominent past approaches towards the formation of Keynesian macrodynamics. Ultimately it aims to integrate Marx's Distributive Cycle and aspects of Schumpeter's reformulation of socialism and democracy theory, with Keynes' macro-theory of a ‘Tripartite Market Hierarchy’. This regards financial markets as being at the top, followed by goods markets which in turn are followed by the weakest element, the labor markets. It is completed by certain repercussions that influence the central causal nexus of these three fundamental macro-markets in the longer-run.
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Monograph Book
Publication Date:
21 Jan 2021
DOI:
https://doi.org/10.4337/9781789908008
Collections:
Economics 2021
Cover Can Heterodox Economics Make a Difference?
Can Heterodox Economics Make a Difference?
Conversations With Key Thinkers
Phil Armstrong
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. 
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Monograph Book
Publication Date:
10 Nov 2020
DOI:
https://doi.org/10.4337/9781800370890
Collections:
Economics 2020
Cover Development Macroeconomics
Development Macroeconomics
Alternative Strategies for Growth
Basil Oberholzer
This insightful book offers a comprehensive analysis of how macroeconomics can steer development and reduce poverty. It untangles how developing countries can apply effective economic policies in spite of the challenges they face.
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Monograph Book
Publication Date:
10 Nov 2020
DOI:
https://doi.org/10.4337/9781800371125
Collections:
Economics 2020
Cover Post-Keynesian Monetary Theory
Post-Keynesian Monetary Theory
Selected Essays
Marc Lavoie
Post-Keynesian Monetary Theory recaps the views of Marc Lavoie on monetary theory, seen from a post-Keynesian perspective over a 35-year period. The book contains a collection of twenty previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.
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Monograph Book
Publication Date:
04 Sep 2020
DOI:
https://doi.org/10.4337/9781839100093
Collections:
Economics 2020
Cover Credit, Money and Crises in Post-Keynesian Economics
Credit, Money and Crises in Post-Keynesian Economics
Editors:
Louis-Philippe Rochon
and
Hassan Bougrine
In this volume, Louis-Philippe Rochon and Hassan Bougrine bring together key post-Keynesian voices in an effort to push the boundaries of our understanding of banks, central banking, monetary policy and endogenous money. Issues such as interest rates, income distribution, stagnation and crises – both theoretical and empirical – are woven together and analysed by the many contributors to shed new light on them. The result is an alternative analysis of contemporary monetary economies, and the policies that are so needed to address the problems of today.
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Monograph Book
Publication Date:
31 Jul 2020
DOI:
https://doi.org/10.4337/9781786439550
Collections:
Economics 2020
Cover Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics
Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics
Editors:
Hassan Bougrine
and
Louis-Philippe Rochon
Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity.
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Monograph Book
Publication Date:
31 Jul 2020
DOI:
https://doi.org/10.4337/9781786439574
Collections:
Economics 2020
Cover Inequalities and the Progressive Era
Inequalities and the Progressive Era
Breakthroughs and Legacies
Editor:
Guillaume Vallet
Inequalities and the Progressive Era features contributors from all corners of the world, each exploring a different type of inequality during the ‘Progressive Era’ (1890s-1930s). Though this era is most associated with the United States, it corresponds to a historical period in which profound changes and progress are realized or expected all over the globe.
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Monograph Book
Publication Date:
26 Jun 2020
DOI:
https://doi.org/10.4337/9781788972659
Collections:
Economics 2020
Cover Aggregate Demand and Employment
Aggregate Demand and Employment
International Perspectives
Editors:
Brian K. MacLean
,
Hassan Bougrine
, and
Louis-Philippe Rochon
With an emphasis on developments during and after the Great Recession, and paying due attention to the impacts of austerity policies, the chapters assembled for this book explain that high growth of aggregate demand is as essential as ever for achieving full employment and rising living standards. Written by distinguished Keynesian and Post-Keynesian economists from diverse national backgrounds, the book tackles critical theoretical and empirical issues to illuminate the economic experiences both of large geographic regions such as Europe, Latin America, and Africa, as well as specific national economies including the USA, Japan, India, and Canada.
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Monograph Book
Publication Date:
04 Mar 2020
DOI:
https://doi.org/10.4337/9781786432056
Collections:
Economics 2020