First paragraph: During the recent decades the financial sectors of developed and developing countries as well as global financial relations have changed remarkably. The overall importance of financial factors for real investment and growth of non-financial business has risen, as has the...

First paragraph: The world economy is presently suffering from the most severe economic crisis since the Great Depression in the early 1930s. As by now seems to be obvious, the present financial crisis, massive state intervention in the financial markets in order to prevent a melt-down, and...

First paragraph: The financial and economic crises which started in 2007 have triggered and motivated increasing research on finance and the instability of the financial system but also on the relationship between finance, distribution and growth. This special issue discusses various, but...

Peter Flaschel is Professor Emeritus at Bielefeld University, Germany. He holds a PhD degree in Mathematics and a Habilitation degree in Economics. He has extensively published on classical economics and heterodox macrodynamical model building. He was on numerous occasions Visiting Professor at...

"The interview was conducted by Yannis Dafermos and Torsten Niechoj on 21 October 2022 in Berlin during the 26 th Conference of the Forum for Macroeconomics and Macroeconomic Policies (FMM) on Post-Keynesian Economics and Global Challenges.

Erster Absatz: At the beginning of December 2006, INTERVENTION asked its Scientific Board and the authors of previous issues for their views on the relationship of heterodox economic theory to the mainstream of economics. We asked those who are living and working in the English-speaking area to...

Erster Absatz: Anfang Dezember 2006 befragte INTERVENTION den Beirat der Zeitschrift sowie die Autor

First paragraph: The financial market crisis that transformed into a global recession is a challenge for both economic theory and policy. In retrospect, nearly three years after the first signs of the crisis, a few tentative conclusions concerning the appropriateness and effectiveness of the...