Cycles, crises and innovation are the major economic forces that shape capitalist economies. Using a critical realist political economy approach, the analysis in this fine work is based on the works of Micha Kalecki and Joseph Schumpeter, both of whom identify these three dynamic forces as...

The 2009 ?Great Recession? has created a severe collapse of business expectations to coincide with severe financial overexposure. In this economic climate there is the tendency for the private sector to withdraw from investing in the future and for the public sector to seek to protect the major...

The paper develops a broad macroeconomic innovation policy framework for ecologically sustainable economic development that can be applied to regional economies, from the perspective of Australia. Australia is one of the three huge per capita greenhouse emitting nations in the world. The...

Costa Rica is a small Central American nation that has gained an international reputation as a leader in environmental conservation. This has formed the base for its highly successful and lucrative small-scale ecotourism industry. However, there are threats from high rates of deforestation and...