This new volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a...

This book is based around a set of interviews with, what might be called, the Keynesian revolutionaries – the individuals most responsible for introducing Keynesian economics to the United States. It includes formal interviews with Richard Musgrave, Abba Lerner, Paul Samuelson, Tibor...

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues...

The Open Economy and its Financial Constraints explores the role of money and finance in an open economy. The existence of money and global financial flows compound the likelihood of financial constraints, in particular, financial vulnerability, financial exclusion and financial fragility, and...

This book unites diverse heterodox traditions in the study of endogenous money – which until now have been confined to their own academic quarters – and explores their similarities and differences from both sides of the Atlantic.

This ground-breaking book addresses the problem of price disparities across countries and, for the first time, uses market structures as the central focus. The author also addresses the effects of trade barriers, input–output relations and economies of scale, factors often ignored by other...

This is a unique, comprehensive and international history of the post Keynesian approach to economics since 1936. The author locates the origins of post Keynesian economics in the conflicting initial interpretations of Keynes’s General Theory and in the complementary work of Michal Kalecki.

Ethics and Uncertainty explores how two economists, who both placed ‘uncertainty’ at the heart of their economic theories, come to drastically different and opposing policy recommendations. The volume illustrates that the important lesson to learn from both Knight and Keynes is that ethics...

In The State and the Economic Process, a distinguished group of economists provides – through a comparison of postwar economic performance and policies – sound analytical support and historical evidence in favour of vigorous market guiding policies. These include targeting strategic...