Pricing is conceived within the framework of a monetary economy with fully endogenous money. Agents react to the basic tools of monetary policy, the rate of interest, and the rate of exchange, forming prices and quantities. But the maximization of the profit rate leads to a bifurcated price...

El trabajo adelanta una discusión sobre el carácter estructural de la crisis actual, enfatizando la forma en que la economía mexicana se articuló con la de los Estados Unidos de Norteamérica. Esta relación se funda en un fuerte amarre productivo-comercial, pero también en todo el encuadre...

This topical book addresses unemployment in Europe, the wrong-headed reliance on NAIRU to formulate policy, distributional conflicts and financial factors, as well as problems faced in developing countries with respect to exchange rate policy, central banking, challenges to growth, and...

Original articles by leading scholars of post Keynesian economics make up this authoritative collection. Current topics of the greatest interest are covered, such as: perspectives on current economic policy; post Keynesian approaches to monetary theory and policy; economic development, growth...