A comparison of the 2007-08 crisis with that of 1929 showed its extreme gravity, but it also may have implied that the old harmful mistakes would not be repeated. After four years, the crisis has not been solved and it even threatens to worsen. Neo-conservative Republicans claim that this is...

The brief note introduces the articles collected in the present issue of the journal. It places the various contributions in perspective, critically summarizing the major economic developments since the publication of the last issue.

Kalecki devised a novel method of analysis, which was also used by some of his collaborators.Unfortunately however, that method has not had the impact it deserves on applied research, not even among his followers. The objective of the present paper is to revisit Kalecki’s applied studies. I...

The article synthesises the large and extending literature on the financial and economic crisis from a Post-Keynesian point of view. The authors take on the position that the international and internal real imbalances are serious and worrying, but yet they are not the cause of the crisis or of...

The brief note introduces the article collected in the present issue of the journal. It places the various contributions in perspective, critically summarizing the major economic developments since the publication of the last issue.

The article summarises the most recent developments since the publication of the previous issue. It discusses the possible role and scope of Keynesian policies, suggesting specific remedies to Italy’s current crisis. It then shortly reviews the articles published in this issue of the Journal,...

The article introduces the new issue of the journal. It discusses what reasons may explain the fact that austerity measures are increasingly criticised by vast numbers of economists while they are still endorsed by all EU institutions. It is here suggested that the neoliberal stance seem to have...

The article is a translation of an original manuscript by Josef Steindl, containing a paper he presented at the 1990 edition of the “International Summer School for Advanced Economic Studies” (the Trieste School). The manuscript, written in July of 1990, deals with the short and long-run...