Since the beginning of the twenty-first century, there has been an unprecedented move towards 'rethinking economics' due to the damages generated by the global financial crisis that burst in 2007-2008. Almost a decade after this crisis, policy is still unable to provide all citizens greater...

1. "The Realism of Assumptions Does Matter: Why Keynes-Minsky Theory Must Replace Efficient Market Theory as the Guide to Financial Regulation Policy." In The Oxford Handbook of the Political Economy of Financial Crises, Gerald Epstein and Martin Wolfson, eds. New York: Oxford University Press,...

With recent turmoil in financial markets around the world, this unique and up-to-date book addresses a number of challenging issues regarding monetary policy, financial markets and macroeconomic policy. While some of the chapters address the recent crisis as well as adjustments to the Basel...

Jesper Jespersen presents a treatise on the importance of the choice of methodology within macroeconomics. Given that no scientifically based macroeconomic policy recommendation should be established without an evaluation of the methods employed, this book gives a clear exposition of how proper...

The revival of interest in Keynesian economics since the late 1980s reinstates the importance of Keynes's contribution to economic theory and policy. This is the second of two volumes in which authoritative contributions are presented by an outstanding group of international experts to celebrate...

1. Agency / Edward J. McKenna and Diane C. Zannoni -- 2. Australia / J.E. King -- 3. Austrian school of economics / Stephen D. Parsons -- 4. Babylonian mode of thought / Sheila C. Dow -- 5. Balance-of-payments-constrained economic growth / John S.L. McCombie -- 6. Banking / Gillian Hewitson --...

Contents: Introduction -- Acknowledgements -- 1. Monetary regimes, then and now / Charles Goodhart -- 2. Keynes applied / Geoff Tily -- 3. Rethinking monetary restraint / Roy Rotheim -- 4. The evolutionary approach to banking and the credit-hungry consumer: a view of the failure of African Bank...

Contents: Introduction -- 1. Opportunities and challenges for Post-Keynesian economics? / Sheila Dow -- 2. Challenges for Post-Keynesian macroeconomics: A behavioural and structuralist perspective / Peter Skott -- 3. The microfoundation and autonomous agents: G.L.S. Shackle as a front-runner to...

pt. 1. The general theory and fundamental uncertainty -- pt. 2. The general theory and the history of macroeconomics -- pt. 3. The general theory and Friedman, Kaldor, Marx and Sraffa -- pt. 4. The general theory and new interpretations.

It is argued that mainstream economics, with its present methodological approach, is limited in its ability to analyze and develop adequate public policy to deal with current environmental problems and sustainable development. This book provides an alternative approach. Building on the strengths...