Books reviewed: Schettkat, Ronald/Langkau, Jochem (Hg.) (2007): Aufschwung für Deutschland. Plädoyer international renommierter Ökonomen für eine bessere Wirtschaftspolitik, Bonn Roncaglia, Alessandro/Sylos Labini, Paolo (2008): Geschichte des ökonomischen Denkens. Eine kurze Einführung,...

First paragraph: The world economy is presently suffering from the most severe economic crisis since the Great Depression in the early 1930s. As by now seems to be obvious, the present financial crisis, massive state intervention in the financial markets in order to prevent a melt-down, and...

Erster Absatz: Nachdem die Dramatik der globalen Finanz- und Wirtschaftskrise nicht mehr zu übersehen war, hat die deutsche Finanzpolitik zum Jahreswechsel 2008/2009 einen bemerkenswerten Kurswechsel vollzogen. Nach mehr als einem Vierteljahrhundert proyzklischer, Krisen verschärfender Politik...

Books reviewed: Hein, E. and Stockhammer, E. (2011): A Modern Guide to Keynesian Macroeconomics and Economic Policies, Cheltenham, UK Claudio Sardoni (2011): Unemployment, Recession and Effective Demand. The Contributions of Marx, Keynes and Kalecki Stephan Schulmeister (2010): Mitten in der...

Books reviewed: Davidson, Paul (2007): John Maynard Keynes, London/New York Godley, Wynne / Lavoie, Marc (2007): Monetary Economics. An Integrated Approach to Credit, Money, Income, Production and Wealth, Houndmills et al. McCombie, John / Rodriguez Gonzales, Carlos (eds.)(2007): The European...

First paragraph: The financial market crisis that transformed into a global recession is a challenge for both economic theory and policy. In retrospect, nearly three years after the first signs of the crisis, a few tentative conclusions concerning the appropriateness and effectiveness of the...

First paragraph: The recession of 2009 following the financial market crisis of 2008 was severe, especially in Europe. World GDP decreased by 0.6 per cent, the GDP of the USA by 2.6 per cent, and in the European Monetary Union (EMU) it declined by 4.1 per cent (IMK/OFCE/WIFO 2011). The...

Books reviewed: Julio Lopez G., Michael Assous (2010): Michal Kalecki, Basingstoke Alberto Quadrio Curzio, Valeria Miceli (2010): Sovereign Wealth Funds. A Complete Guide to State-Owned Investment Funds, Petersfield Hansjörg Herr, Milka Kazandziska (2011): Macroeconomic Policy Regimes in...