21st Century Keynesian Economics (International Papers in by Philip Arestis, Malcolm Sawyer (editors)

By Philip Arestis, Malcolm Sawyer (editors)

The overseas Papers in Political economic system (IPPE) sequence explores the newest advancements in political economic system. This 6th quantity specializes in the topic of the necessity for and the improvement of Keynesian monetary regulations for the twenty first century. the amount offers with monetary structures and financial improvement and asks no matter if we're all Keynesians now. Keynesian progress concept within the twenty first century besides fiscal guidelines suggestion to emerge from the theoretical framework that underpins it -- continuously a Keynesian one yet tailored to the realities of the twenty first century -- also are tested. Essays during this quantity additionally discover the character and results of financialisation as perceived by means of Keynesians, the conceptualisation of cash and the consequences for financial coverage of the present monetary concern, and the function of banks and the case for public banks. This ebook deals special research and proficient touch upon the kind of fiscal rules which are appropriate for the twenty first century within the aftermath of the monetary quandary and international recession. it truly is crucial examining for all postgraduates and students trying to find professional dialogue and debate of the problems surrounding fiscal coverage matters.

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Weller, C. and Hersh, A. (2004), ‘The long and short of it: Global liberalization, poverty and inequality’, Journal of Post Keynesian Economics, 26(3), pp. 471–504. Williamson, J. and Mahar, M. (1998), ‘A survey of financial liberalization’, Essays in International Finance. Princeton University: Department of Economics, November. 2 Keynesian Growth Theory in the 21st Century Amitava Krishna Dutt Department of Economics and Policy Studies, University of Notre Dame Abstract This paper examines the future of Keynesian growth theory in terms of its relevance, prospects and likely characteristics.

That policy coherence must entail liberalization has been contradicted by historical and cross-country experience (see Chang 2002). Chang and Grabel (2004) and Rodrik (2007) (among others) demonstrate that there exist multiple paths to development, and that high levels of economic growth that are feasible, sustainable and stable can be achieved via an array of heterogeneous strategies. While any one country’s policies must exhibit a degree of internal coherence in order to succeed, the evidence is clear that the alternative policy regimes need not cohere around liberalization.

2000), ‘On crises, contagion, and confusion’, Journal of International Economics, pp. 145–68. Kaminsky, G. and Reinhart, C. (1999), ‘The twin crises: the causes of banking and balance-of-payments problems’, American Economic Review, June, pp. 473–500. Kenen, P. ). (1996), From Halifax to Lyons: What has been done about crisis management? Essays in International Finance. Princeton University: Department of Economics, October. M. (1964), The General Theory of Employment, Interest and Prices. New York: Harcourt Brace Jovanovich.

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