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Macroeconomics after the financial crisis : a post-Keynesian perspective / [edited by] Mogens Ove Madsen and Finn Olesen.

Contributor(s): Material type: TextTextPublication details: London : Routledge, 2016.Description: viii, 203 pages : illustrations ; 24 cmISBN:
  • 9781138495500
Subject(s): DDC classification:
  • 339.53094 23 M183
Contents:
The great recession : an introductory view / Mogens Ove Madsen & Finn Olesen -- Keynes "in the 21st century" : tradition, circumstance, fad and pretense in the wake of the great crisis / James Galbraith -- Public debt, secular stagnation and functional finance / Peter Skott -- Neoliberal economic policy, growth models and the crisis in the euro area / Engelbert Stockhammer -- Corporatism and capital accumulation : the fate of the Nordic model / Jonathan Perraton -- Structural budget deficits : getting causality right / Jesper Jespersen -- The making of a revolution : how important are economic crises? / Finn Olesen -- The need for macro foundations for microeconomic theory / Claude Gnos -- Microfoundations : on the use and misuse of theories and models in economics / Lars Pålsson Syll -- Böhm-Bawerk meets Keynes : what does determine the interest rate, and can it become negative? / Ulrich van Suntum & Tom Neugebauer -- The socio-economic philosophy of Keynes : lessons for the 21st century / Eric Berr -- Towards a theoretical foundation of animal spirits : probability, uncertainty and intentionality / Joachim Güntzel -- Two generations of path dependence in economics? / Mogens Ove Madsen.
Summary: Since the outbreak of the current international economic crisis in 2008, the USA and many of the European countries have been tormented by high levels of unemployment and low levels of inflation, interest rates close to zero and fiscal policies of austerity. As such, the modern economic mainstream has been challenged by these empirical facts. Today, several years after the outbreak of the international economic crisis, supply side effects do not seem to be increasing employment as the modern mainstream claimed they would. Aggregate demand has to play a more important role in macroeconomic analysis than hitherto. That is, there is a need for alternative explanations of how a modern macro economy is expected to function and how the macroeconomic outcome could be manipulated by the right economic policy proposals. As expressed by the contents of the present book, a Post Keynesian understanding proposes such an alternative theoretically, methodologically and in terms of policy measures. This book will present new materials and approaches, especially new evidence and new views on the potential problems of public debt, the European Union and the present crisis, Central Banking, hysteresis in an agent based framework, the foundations of macroeconomics and the problems of uncertainty.
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Holdings
Item type Current library Call number Status Date due Barcode Item holds
Books ISI Library, Kolkata 339.53094 M183 (Browse shelf(Opens below)) Available 138427
Total holds: 0

Includes bibliographical references and index.

The great recession : an introductory view / Mogens Ove Madsen & Finn Olesen --
Keynes "in the 21st century" : tradition, circumstance, fad and pretense in the wake of the great crisis / James Galbraith --
Public debt, secular stagnation and functional finance / Peter Skott --
Neoliberal economic policy, growth models and the crisis in the euro area / Engelbert Stockhammer --
Corporatism and capital accumulation : the fate of the Nordic model / Jonathan Perraton --
Structural budget deficits : getting causality right / Jesper Jespersen --
The making of a revolution : how important are economic crises? / Finn Olesen --
The need for macro foundations for microeconomic theory / Claude Gnos --
Microfoundations : on the use and misuse of theories and models in economics / Lars Pålsson Syll --
Böhm-Bawerk meets Keynes : what does determine the interest rate, and can it become negative? / Ulrich van Suntum & Tom Neugebauer --
The socio-economic philosophy of Keynes : lessons for the 21st century / Eric Berr --
Towards a theoretical foundation of animal spirits : probability, uncertainty and intentionality / Joachim Güntzel --
Two generations of path dependence in economics? / Mogens Ove Madsen.

Since the outbreak of the current international economic crisis in 2008, the USA and many of the European countries have been tormented by high levels of unemployment and low levels of inflation, interest rates close to zero and fiscal policies of austerity. As such, the modern economic mainstream has been challenged by these empirical facts. Today, several years after the outbreak of the international economic crisis, supply side effects do not seem to be increasing employment as the modern mainstream claimed they would. Aggregate demand has to play a more important role in macroeconomic analysis than hitherto. That is, there is a need for alternative explanations of how a modern macro economy is expected to function and how the macroeconomic outcome could be manipulated by the right economic policy proposals. As expressed by the contents of the present book, a Post Keynesian understanding proposes such an alternative theoretically, methodologically and in terms of policy measures.
This book will present new materials and approaches, especially new evidence and new views on the potential problems of public debt, the European Union and the present crisis, Central Banking, hysteresis in an agent based framework, the foundations of macroeconomics and the problems of uncertainty.

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