"Smith's Wealth of Nations, Marx's Capital and Keynes's General Theory are three paradigmatic texts which are foundational to any study of economics or political economy. Although they have long been abundantly quoted and commented on, these "Great Books" paradoxically are being read less and...

Warum kommt es zu Finanzkrisen? Warum sind die Reichen reich und die Armen arm? Wie funktioniert Geld? Woher kommt das Wachstum? Schon Kinder stellen diese Fragen - aber die Ökonomen können sie nicht beantworten. Ihre theoretischen Modelle haben mit dem realen Kapitalismus nichts zu tun....

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...