1. Critique of the New Consensus Macroeconomics and a Proposal for a More Keynesian Macroeconomic Model- Philip Arestis -- 2. Approaching budget deficits, debts and money in a socially responsible manner- Malcolm Sawyer -- 3. Advances in the Post Keynesian Analysis of Money and Finance- Marc...

In the past few decades, and intensified since the global financial crisis of August 2007, heterodox macroeconomics has developed apace and its scope has broadened in a number of directions. The purpose of this volume is to review the "state of the art" in heterodox macroeconomics, its strengths...

""Of All the Economic Bubbles that have been pricked," the editors of the Economist recently observed, "few have burst more spectacularly than the reputation of economics itself." Indeed, the financial crisis that crested in 2008 destroyed the credibility of the economic thinking that had guided...