Contrary to common belief, macroeconomics is not merely a theory of aggregates, and cannot be constructed from individual behaviour. Both nationally and internationally, there are economic laws that are logically independent of economic agents' behaviour. These are the macroeconomic foundations...

Intro -- Contents -- List of Tables -- List of Figures -- Preface -- Abbreviations -- 1. Introduction -- 2. The MC Model -- 3. Interest Rate Effects -- 4. Testing the NAIRU Model -- 5. U.S. Wealth Effects -- 6. Testing for a New Economy in the 1990s -- 7. A "Modern" View of Macroeconomics -- 8....

Intro -- Contents -- Acknowledgments -- Introduction -- 1. Social Accounts and Social Relations -- 2. Prices and Distribution -- 3. Money, Interest, and Inflation -- 4. Effective Demand and Its Real and Financial Implications -- 5. Short-Term Model Closure and Long-Term Growth -- 6. Chicago...

Cover -- Half-title -- Title -- Copyright -- Contents -- Tables and boxes -- Tables -- Boxes -- Preface -- Web site -- Material for the student -- Material for the tutor -- Chapter 1 Introduction -- 1.1 Definitions and concepts -- 1.2 Dynamic models -- 1.3 Deterministic dynamical models -- 1.4...

Heterodox Macroeconomics offers a detailed understanding of the foundations of the recent global financial crisis. The chapters, from a selection of leading academics in the field of heterodox macroeconomics, carry out a synthesis of heterodox ideas that place financial instability,...