A Modern Guide to Keynesian Macroeconomics and Economic Policies

A Modern Guide to Keynesian Macroeconomics and Economic Policies


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This unique and comprehensive ‘modern guide’ presents state-of-the-art surveys covering the main areas of macroeconomics and economic policy by well-known post-Keynesian authors.

The chapters explore intriguing and important issues including:

• the history and methods of post-Keynesian economics

• money, credit and central banks

• growth and income distribution

• post-Keynesian macroeconomics as an alternative to the New Consensus

• the macroeconomics of unemployment and labour market issues

• European economic policies

• open economy models of distribution and growth

• international monetary and global economics

• financialisation and financial crisis.

This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.

Product Details

ISBN-13: 9781849801409
Publisher: Edward Elgar Publishing
Publication date: 06/11/2011
Pages: 392
Product dimensions: 6.10(w) x 9.30(h) x 1.00(d)

About the Author

Edited by Eckhard Hein, The Institute for International Political Economy (IPE), Berlin School of Economics and Law, Germany and Engelbert Stockhammer, King's College London, UK

Table of Contents



Eckhard Hein and Engelbert Stockhammer

1. History and Methods of Post-Keynesian Economics

Marc Lavoie

2. Money, Credit and Central Banks in Post-Keynesian Economics

Marc Lavoie

3. Growth and Income Distribution: A Post-Keynesian Perspective

Amitava Krishna Dutt

4. Keynesian Economics and the New Consensus in Macroeconomics

Philip Arestis

5. A Post-Keynesian Macroeconomic Model of Inflation, Distribution and Employment

Eckhard Hein and Engelbert Stockhammer

6. The Macroeconomics of Unemployment

Engelbert Stockhammer

7. Institutions, Aggregate Demand and Cross-Country Employment Performance: Alternative Theoretical Perspectives and the Evidence

David R. Howell

8. European Economic and Monetary Union Policies from a Keynesian Perspective

Philip Arestis

9. Open Economy Models of Distribution and Growth

Robert A. Blecker

10. Globalisation, Macroeconomic Performance and Distribution

Özlem Onaran

11. International Monetary and Financial Architecture

Hansjörg Herr

12. ‘Financialisation’, Distribution and Growth

Eckhard Hein

13. Keynesian Approaches to Financial Crisis

Gary A. Dymski


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