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.
Jonathan P. Goldstein is a professor of Economics at Bowdoin College. Michael Hillard is a professor of Economics at University of Southern Maine.
Release date Australia
May 28th, 2009
Edited by Jonathan P. Goldstein
Edited by Michael G. Hillard
Country of Publication
22 Line drawings, black and white; 9 Tables, black and white; 22 Illustrations, black and white