This book discusses the future of MERCOSUR, focusing on monetary union and macroeconomic policy co-ordination, and addresses a number of important questions including: is it possible, or even desirable, to achieve monetary integration?; what would the pre-conditions be for establishing such a...

Globalization is widely regarded as a means not only of ensuring efficiency and growth, but also of achieving equity and development for those countries operating in the global economy. The book argues that this perception of globalization as the road to development has lost its lustre. The...

Providing much needed context for current events like the sub-prime mortgage crisis, this timely book presents a vision of an economy evolved to greater dependence on consumer credit and analyzes the trade-offs and risks associated with it. While synthesizing the Keynesian theory of consumption...

This important book presents a thematic selections of essays by leading post Keynesian economists from Europe and North America. It focuses on a major feature of post Keynesian economics namely the interrelationships between pricing, distribution and growth. It is no accident that these aspects...

The authors offer a sustained argument that the single currency as currently implemented does not promise to deliver prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be destabilising and deflationary; that the political impact...

Following a quarter century of low unemployment, high growth rates and rapid expansion of world trade, the past 15 years have been marked by a dramatic rise in unemployment and substantial declines in the growth rates of income and trade. Based on their appraisals of underlying trends, prominent...

This important volume of original essays by a distinguished group of scholars from the evolutionary, institutional and socio-economic schools makes a major contribution to the reconstruction of political economy as an evolutionary science.

George Shackle was one of the most original and thought-provoking economists of the twentieth century. The significant contributions he made to the issues of time, expectations and uncertainty ensured that he enjoyed an Olympian reputation within the discipline.

In The Methodology of Macroeconomic Thought, Sheila Dow attempts to bridge the gap between methodology and macroeconomic theory through the study of four different schools of thought in economics – the Neo-Austrian, mainstream, PostKeynesian and Marxian traditions – and by seeking to...