Reforming Capitalism for the Common Good

Charles J. Whalen, Research Fellow, The Baldy Center for Law and Social Policy, University at Buffalo, Buffalo, NY, US

Contents:

Foreword Glen Atkinson

PART I INTRODUCTION
1. Reforming capitalism: economics at the crossroads of institutionalism and post-Keynesianism

PART II RECONSTRUCTING ECONOMICS
2. Economics must change: workforce insecurity and the need for a new political economy
3. The institutional approach to political economy
4. Post-Keynesian economics: a pluralistic alternative to conventional economics

PART III EXPLORING THE CONTEMPORARY RELEVANCE OF JOHN R. COMMONS
5. Economic insecurity and the problem-solving approach of John R. Commons
6. Saving capitalism by making it good: the monetary economics of John R. Commons
7. Social security: a view from beyond the beltway
8. Sending jobs offshore from the United States: what are the consequences?
9. Social unionism in western New York: the case of the Economic Development Group
10. Full employment with liberty: John R. Commons’s perspective and its continuing relevance
11. Human resources: the key to institutional economics after the Great Recession
12. John R. Commons and government as employer of last resort: three paths to a progressive right to work
13. The “middle way” of John R. Commons: pursuing reasonable value in the age of unreason

PART IV STANDING ON THE SHOULDERS OF HYMAN MINSKY
14. Stabilizing the unstable economy: Minsky and Simons on business cycle theory and policy
15. Budget amendment offers toxin, not tonic
16. Destabilizing an unstable economy: the erosion of automatic stabilizers Co-authored by Jeffrey Wenger
17. Money manager capitalism and the end of shared prosperity
18. Integrating Schumpeter and Keynes: Hyman Minsky’s theory of capitalist development
19. Money manager capitalism: still here, but not quite as expected
20. A Minsky perspective on the global recession of 2009
21. Economic policy for the real world
22. Minsky goes to Buffalo—and takes on the economics establishment

PART V INTEGRATING INSTITUTIONAL AND POST‑KEYNESIAN ECONOMICS
23. Post‑Keynesian institutionalism: past, present, and future
24. The post-Keynesian institutionalism of Wallace Peterson
25. Financialization and income inequality: a post-Keynesian institutionalist analysis Co-authored by David A. Zalewski
26. Post-Keynesian institutionalism and the failure of neoliberalism

Index