This important book provides an understanding and appreciation of the current problems of income distribution in various nations around the world. The essays run from theory to policy, from domestic to international perspectives and throughout an attempt is made to integrate personal...

This important book brings together a significant body of new essays on key economic problems and challenges of the 1990s. Under the direction of Paul Davidson and Jan Kregel, an international group of distinguished economists provide new perspectives on key issues including economic...

Full employment and growth in the international economy remain the greatest economic challenges as we approach the twenty-first century. This important new book, edited by two leaders in the field, rigorously examines these real world problems from a post Keynesian perspective and provides...

The euro was expected to become a substitute for the U.S. dollar as an international currency. However, compromises made during its creation make it a less than perfect substitute in the medium term. Among these compromises was the application of macro convergence and micro diversity in...

Paul Krugman has argued that Japan is in a liquidity trap and that it can recover only if the central bank there follows a policy of "credible inflation." This paper argues that Krugman's proposal, which is similar to what Fisher proposed during the depression, is based on a different...