The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new...

This book presents alternative macroeconomic perspectives, primarily open economy, on the limitations of discretionary fiscal policy, with a focus on government spending. Following an overview on the post-crisis Keynesian revival and of the macro-foundations needed for subsequent analysis,...

Chapter 1. Introduction -- Chapter 2. An Overall View of Concordian Economics -- Chapter 3. Concordian Economics: Tools to Return Relevance to Economics -- Chapter 4. From the Revision of Keynes’ Model to Economics for Physicists and Ecologists -- Chapter 5. From the Logic of Mainstream...