Der westdeutsche Wiederaufbau nach 1945 erforderte umfangreiche gesamtwirtschaftliche Investitionen. Anfang der Fünfzigerjahre war die große Diskrepanz zwischen Kapitalnachfrage und -angebot das wirtschaftliche Kernproblem der jungen Bundesrepublik, bei dem sich der "funktionsunfähige"...

Over the last thirty years or so the developments in the area of monetary and macroeconomic policies have been quite substantial. Within the new consensus macroeconomics (NCM), monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of...

Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...

As Jeff Madrick makes clear, the single-minded pursuit of huge personal wealth has been on the rise in the United States since the 1970s, led by a few individuals who argue that self-interest guides society more effectively than community concerns. In telling the stories of these politicians,...