Intro -- CONTENTS -- Preface -- Chapter 1. At Inception -- Chapter 2. The Great Depression -- The Prelude to Disaster -- The Speculative Bubble -- The Great Crash -- The Aftermath -- GNP and the Downward Trade Spiral -- Keynes's Academic Precursors -- Keynes's Policy Suggestions -- Chapter 3....

Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...

The world economy entered the third decade of this century with uncertainties and challenges of COVID-19 pandemic before it had fully recovered from the lingering aftereffects of the financial crisis. The financial crisis ended a period of overall global economic growth and price stability...

This paper draws on a debate between Robert Skidelsky and Paul Krugman on the expansionary austerity hypothesis as a motivation to build a demand-driven agent-based model. The model features contagion across firms to explore whether fiscal consolidations may become expansionary due to a positive...