The authors offer a sustained argument that the single currency as currently implemented does not promise to deliver prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be destabilising and deflationary; that the political impact...

This major two volume collection of previously published articles assesses the intellectual legacy of Michal Kalecki (1899–1970), combining a selection of Kalecki’s own writings with papers which evaluate and extend his work.

Post-Keynesian Economics denotes a loose grouping of economists who regard the insights of Keynes and Kalecki as the starting point for both a critique of conventional equilibrium analysis and the basis for a new macroeconomics based on the investment behaviour of the class of individuals who...

This is a thoroughly updated and revised edition of the first, and definitive, biographical dictionary of dissenting economists. It is an extensive and authoritative guide to economists both past and present, providing biographical, bibliographical and critical information on over 100 economists...

A number of the authors challenge the foundations for the growing claims that increased central bank independence will ensure, at no cost, that inflation is both lower and less variable, finding that there are significant employment costs associated with central bank independence. The authors...

This important new book is a critical appraisal of the Phillips Curve, its role within the economics profession and its influence on economic policy making. It is argued that the Phillips Curve has never been well based on either theoretical and empirical grounds. Professor Sawyer questions the...

This book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century. It provides a detailed discussion and critique of the ‘new consensus' in macroeconomics along with the monetary...

This collection of Malcolm Sawyer’s essays develops the post Keynesian analyses of unemployment, imperfect competition and macroeconomics.

Over the past two decades there has been a prevailing shift in economic policy in many countries. This reflects the continuing rise of neo-liberalism – the doctrine that economic policy should ‘leave it to the market’ and that governments should retreat from market intervention. This book...