In May 2011, the editors of Intervention: European Journal of Economics and Economic Policies, which is now named the European Journal of Economics and Economic Policies: Intervention (EJEEP), decided to put together a special issue on post-Keynesian and Institutional Economics.

The author reflects on the state of macroeconomic theory, and more specifically on how monetary economics is being taught in the aftermath of the global financial crisis. Whereas heterodox macroeconomic theory is very much alive due to the influx of a large number of contributions and...

Lance Taylor received a BS degree with honours in mathematics from the California Institute of Technology in 1962 and a PhD in Economics from Harvard University in 1968. He has been a professor in the economics departments of Harvard and the Massachusetts Institute of Technology, among other...

While Kaleckian authors tend to find that economies are in a wage-led demand regime, Goodwinian authors tend to find that economies are in a profit-led demand regime. This paper avoids econometric technicalities and provides instead a historical perspective, going back to the empirical study of...