This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward...

A Short Post-communist Economic History of Emerging Europe -- Pre-crisis Central Banking -- Bubbles Everywhere (the 2000s)Under the Clouds of the Subprime Crisis (July 2007 – September 2008)The Lehman Tsunami (September – October 2008) -- The “Rescue Team” and Rescue Package (October –...

Einleitung -- Die Regierung Biden und die kopernikanische Wende -- Modern Monetary Theory als Teil der Volkswirtschaftslehre -- Was ist Wirtschaftspolitik? -- Wirtschaftspolitik auf Grundlage der MMT -- Ausblick.

Selected essays from the eminent economist, Wynne Godley, tracing the development of his work and illuminating the key theories and models that made his name. Essays focus not only on the stock-flow coherent approach, but also lay out Godley's views about the European Union and the stability of...

The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life...

This book explores what happened in the transition economies of China, Vietnam and Myanmar from both macro and micro perspectives, and questions whether the governments of these countries are capable of implementing effective reform and transformation

Privates Vermögen und Schulden des Staats -- Der natürliche Zins und der optimale Zins im Steady State -- Vermögen und Vermögenswunsch -- Realkapital -- Boden -- Staatsschulden -- Investition, Ersparnis und Stagnation aus keynesianischer Sicht -- Abschließende Bemerkungen zum negativen...

1. Introduction -- Part I. The “Party Period” Before the Crisis -- 2. The Costs and Benefits for Joining a Common Currency with Emphasis on Weaker Member States: The Pre-crisis Debate -- 3. Greece Before the Crisis: The Critical Years in Domestic Politics -- 4. IMF and EU Reports on Greece...

Chapter 1: The First Crisis 1949-1950 -- Chapter 2: The Second to Fourth Crises 1958-1976 -- Chapter 3: The Fifth to Seventh Crises 1978-1996 -- Chapter 4: The Eighth and Ninth Crises 1997 and 2008 -- Chapter 5: The Tenth Crisis 2013-the present.

1. Living In Truth -- 2. After The Fall -- 3. The Medium Is (Still) The Message -- 4. What Do You Expect? -- 5. Possibilities, Probabilities and Propensities -- 6. The Best And The Brightest -- 7. Bretton Woods Revisited -- 8. Selling England By The Pound -- 9. Tomorrow Without Fear -- 10. Out...