Für diesen Artikel ist leider kein Bild verfügbar.

An Introduction to Macroeconomics

A Heterodox Approach to Economic Analysis

Louis-Philippe Rochon, Sergio Rossi (Herausgeber)

Buch | Softcover

688 Seiten

2021 | 2nd edition
Edward Elgar Publishing Ltd (Verlag)
978-1-78990-116-0 (ISBN)

Artikel merken

The second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.

Key features of this textbook include:

A non-conventional understanding of economic analysis on a number of relevant topics

A new analysis of the state of macroeconomics

Deep and convincing criticism of orthodox thinking

Discussion of the crucial importance of money, banking and finance today

New discussions of the theories of consumption and investment

Analysis of the roots of the 2008 global financial crisis

A presentation of the features of sustainable development.

Students of economics at all levels can use this textbook to deepen their understanding of the heterodox approach, the fundamental roots of the 2008 global financial crisis and the need to rethink economics afresh.

Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy and Founding Editor Emeritus, Review of Keynesian Economics and Sergio Rossi, Full Professor of Economics, University of Fribourg, Switzerland

Contents:

Introduction: the urgent need for a heterodox approach to
economic analysis 1
Louis-Philippe Rochon and Sergio Rossi

PART I ECONOMICS, ECONOMIC ANALYSIS AND
ECONOMIC SYSTEMS
1 What is economics? 25
Louis-Philippe Rochon and Sergio Rossi
2 The state of macroeconomics 51
Louis-Philippe Rochon and Sergio Rossi
3 The history of economic theories 80
Heinrich Bortis
4 Monetary economies of production 122
Louis-Philippe Rochon

PART II MONEY, BANKS AND FINANCIAL ACTIVITIES
5 Money and banking 151
Marc Lavoie and Mario Seccareccia
6 The financial system 176
Jan Toporowski
7 Central banking and monetary policy 200
Louis-Philippe Rochon and Sergio Rossi

PART III THE MACROECONOMICS OF THE SHORT AND
LONG RUN
8 Theories of consumption 233
Stavros A. Drakopoulos
9 Theories of investment 268
Thomas Dallery
10 Aggregate demand 307
Jesper Jespersen
11 Inflation and unemployment 331
Alvaro Cencini and Sergio Rossi
12 The role of fiscal policy 355
Malcolm Sawyer
13 Economic growth and development 376
Mark Setterfield
14 Wealth distribution 402
Omar Hamouda

PART IV INTERNATIONAL ECONOMY
15 International trade and development 437
Robert A. Blecker
16 Balance-of-payments constrained growth 469
John McCombie and Nat Tharnpanich
17 European monetary union 494
Sergio Rossi

PART V RECENT TRENDS
18 Financialization 517
Gerald A. Epstein
19 Imbalances and crises 540
Robert Guttmann
20 Sustainable development 566
Richard P.F. Holt
21 Conclusion: do we need microfoundations for macroeconomics? 593
John King
Answers 618

Index 633

Erscheinungsdatum	31.03.2021
Verlagsort	Cheltenham
Sprache	englisch
Maße	169 x 244 mm
Themenwelt	Sonstiges ► Geschenkbücher
	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-78990-116-2 / 1789901162
ISBN-13	978-1-78990-116-0 / 9781789901160
Zustand	Neuware