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 –...

The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic excess global capacity characterizes the contemporary phase of crisis and stagnation. Lucarelli argues that these pathological features of globalization acquire a remorseless logic...

1: Introduction -- 2: Intuitions about Welfare – Under the Constraint of Computability -- 3: Sraffa, Keynes and a New Paradigm -- 4: On the Meaning Maximization Doctrine: An Alternative to the Utilitarian Doctrine -- 5: A Generalization of Sraffa’s Notion of “Viability” in a ‘Land...

Ursachen von Kreditzyklen unter Berücksichtigung vollkommener und begrenzter Rationalität -- Anreizsysteme und Kreditzyklen in den USA -- Anreizsysteme und Kreditzyklen in mehreren Industrienationen.

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

Foreword -- Preface -- List of Contributors -- List of Figures -- List of Tables -- Chapter 1. Introduction -- Part I. Theoretical Foundation of Monetary Policy from Islamic Perspectives -- Chapter 2. Monetary Economics, Monetary Policy and Macroeconomic Model for an ‘Islamic’ Economy --...

Foreign Exchange Markets and Foreign Exchange Rates -- Exchange Rate Regimes and International Monetary Systems -- International Parity Conditions -- Balance of Payments and International Investment Positions -- Open Economy Macroeconomics -- Balance of Payments Issues and Exchange Rate...

A collection of papers from leading thinkers to celebrate the work of the late Wynne Godley, and his enormous contribution to the field of monetary economics. Chapters include in-depth discussions of the revolutionary economic modelling systems that Godley introduced, as well as his prescient...