This major Handbook consists of 29 contributions that explore the full range of exciting and interesting work on money and finance currently taking place within heterodox economics. There are many themes and facets of alternative monetary and financial economics but two major ones can be identified.

Turkey's exchange rate based stabilization program had collapsed within just eleven months of its implementation. Unsustainable public debt dynamics and fragility of the banking system have been the main reasons blamed for the demise of the program. However, the banking sector fragility became...

The essay argues that a crisis of collective agency is at the root of the global economic crisis we face today. The secret of prosperous capitalism, the so-called golden age, was the ability of the state to uniformly impose welfare enhancing market restrictions that made it possible to husband...

Do we truly understand the sources of America's credit crisis? In a thorough telling of the history of foreign currency flows, these two economists persuasively assert that global imbalances, poorly managed, were the true source of the problem. If so, the solution is not merely guaranteeing bank...

This paper advances two main arguments. First, it argues that Harrodian instability can be thought of as the motor force of long period expansions and contractions. This means that the virtuous cycle of an ever-increasing growth rate during the upturn of a long cycle can be seen as a process of...

This paper clarifies why a transaction tax, such as the Tobin Tax, can stabilize financial markets. In markets that are already fairly deep, relatively small changes in trading volume are unlikely to have any impact (positive or negative) on volatility. Thus, a Tobin Tax can potentially have a...