Heterodox Macroeconomics: Keynes, Marx and Globalization

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ISBN: 9780415778084 | 0415778085
Cover: Hardcover
Copyright: 7/6/2009

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This book focuses on an integrated heterodox approach to the original contributions of Keynes, Marx and early institutionalists, featuring an international set of authors from the US, the UK, Japan and Korea.

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List of illustrations	p. xii
Notes on contributors	p. xiv
Preface	p. xviii
Acknowledgments	p. xx
Heterodox macroeconomics and the Keynes-Marx synthesis	p. 1
Introduction: a second-generation synthesis of heterodox macroeconomic principles	p. 3
The central core of heterodox macroeconomics	p. 24
An introduction to a unified heterodox macroeconomic theory	p. 36
Methodology and heterodox economics	p. 54
Does heterodox economics need a unified crisis theory? From profit-squeeze to the global liquidity meltdown	p. 66
The current crisis in macroeconomic theory	p. 85
Accumulation, crisis and instability	p. 99
Modern business behavior: the theory of the active firm	p. 101
A Keynes-Marx theory of investment	p. 112
Did financialization increase macroeconomic fragility? An analysis of the US nonfinancial corporate sector	p. 127
Marx, Minsky and Crotty on crises in capitalism	p. 140
Labor demand under strategic competition and the cyclical profit squeeze	p. 151
The macrodynamics of the neoliberal regime	p. 163
Cyclical labor shares under Keynesian and neoliberal regimes	p. 165
Economic crisis and institutional structures: a comparison of regulated and neoliberal capitalism in the USA	p. 176
Historically contingent, institutionally specific: class struggles and American employer exceptionalism in the age of neoliberal globalization	p. 189
Unequal exchange reconsidered in our age of globalization	p. 200
From capital controls and miraculous growth to financial globalization and the financial crisis in Korea	p. 211
Heterodox macroeoconomic policy	p. 225
Keynes' bourgeois socialism	p. 227
The case of capital controls revisited	p. 238
Neo-liberal finance and third world (mal)development	p. 250
Conclusion	p. 261
Heterodox macroeconomics and the current global financial crisis	p. 263
Index	p. 268
Table of Contents provided by Ingram. All Rights Reserved.

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Heterodox Macroeconomics: Keynes, Marx and Globalization

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