The ‘third way’ is a term often used by politicians and others to indicate a set of new policies adopted by former social democratic parties throughout the world. This book is an attempt to dissect the ideas and economic theory behind the rhetoric of the ‘third way’ through a critical...

This major two volume collection of previously published articles assesses the intellectual legacy of Michal Kalecki (1899–1970), combining a selection of Kalecki’s own writings with papers which evaluate and extend his work.

Post-Keynesian Economics denotes a loose grouping of economists who regard the insights of Keynes and Kalecki as the starting point for both a critique of conventional equilibrium analysis and the basis for a new macroeconomics based on the investment behaviour of the class of individuals who...

This is a thoroughly updated and revised edition of the first, and definitive, biographical dictionary of dissenting economists. It is an extensive and authoritative guide to economists both past and present, providing biographical, bibliographical and critical information on over 100 economists...

A number of the authors challenge the foundations for the growing claims that increased central bank independence will ensure, at no cost, that inflation is both lower and less variable, finding that there are significant employment costs associated with central bank independence. The authors...

This important new book is a critical appraisal of the Phillips Curve, its role within the economics profession and its influence on economic policy making. It is argued that the Phillips Curve has never been well based on either theoretical and empirical grounds. Professor Sawyer questions the...

This book provides a much-needed re-examination of monetary and fiscal policies, their application in the real world and their potential for macroeconomic policy in the 21st century. It provides a detailed discussion and critique of the ‘new consensus' in macroeconomics along with the monetary...

This collection of Malcolm Sawyer’s essays develops the post Keynesian analyses of unemployment, imperfect competition and macroeconomics.

In the past thirty years the financial sector has seen unparalleled growth and has exerted increased economic and political influence and significance. This growth has come hand-in-hand with several serious economic crises and greater monetary instability. Set against this background, this...