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Heterodox Macroeconomics: Keynes, Marx and globalization

9780415665971

Heterodox Macroeconomics: Keynes, Marx and globalization

  • ISBN 13:

    9780415665971

  • ISBN 10:

    0415665973

  • Edition: 1st
  • Format: Nonspecific Binding
  • Copyright: 02/25/2011
  • Publisher: Routledge

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Summary

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, macroeconomic crisis, rising global inequality and a grasp of the perverse and pernicious qualities of global and domestic macroeconomic policy making since 1980 into a coherent perspective. It familiarizes the reader with the emerging unified theory of heterodox macroeconomics and its applications. The book is divided into four key sections: I) Heterodox Macroeconomics and the Keynes-Marx synthesis; II) Accumulation, Crisis and Instability; III) The Macrodynamics of the Neoliberal Regime; and IV) Heterodox Macroeconomic Policy. The essays include theoretical, international, historical, and country perspectives on financial fragility and macroeconomic instability.

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