<p>“Financial Macroeconomics is a stellar collection of essays on institutional, evolutionary and Post Keynesian economics. More than a century ago, Thorstein Veblen asked where we might find ‘surcease from the metaphysics of normality and controlling principles.’ Look no further: Kregel and Rezende have answered the call.” — <strong>James K. Galbraith</strong>, The University of Texas at Austin.</p>

<p>“A unique collection of seminal papers by Jan Kregel, a pre eminent Post-Keynesian economist, covering important methodological issues, Keynes’ effective demand and many aspects of contemporary monetary theory and policy that challenge the conventional wisdom. The insights of the papers included here represent the best thinking of financial macroeconomics and deserve to be read widely.”  — <strong>Dimitri Papadimitriou</strong>, President Levy Economics Institute and Professor of Economics, Bard College</p>

<p>“Jan Kregel’s erudite and thoughtful collection of essays is an account of Keynes’s economics that is unique in its scholarship and understanding of Keynes’s work, and the macroeconomics that superseded Keynesianism. What makes that account distinctive from the usual Post-Keynesian reflections is Jan Kregel’s deep understanding of finance, and the place of finance in Keynes’s thinking. This makes the essays essential reading for economists, financiers and financial reformers.” —<strong>Jan Toporowski</strong></p>

<p>This brilliant collection of papers will persuade the reader that the theoretical split that matters in economics is not between macro and micro. It is between equilibrium theory and the principle of shifting equilibrium in a financial economy when only the latter holds the key to understanding the capitalist system we live in. —<strong>Andrea Terzi</strong>, Professor of Economics, Franklin University Switzerland.</p>

<p>The collection of the historical evolution of economic thought edited by the three editors represents the theoretical basis without it will not be possible to enter the infosphere, the virtual sphere towards which all our practical activity is directed. It has the merit of remembering how economics has evolved, a topic neglected by those seeking an integration between the knowledge achieved over the past centuries and modern innovative research methods based on artificial intelligence. —<strong>Paolo Savona</strong>, Chairman of Consob (the Italian SEC) and Emeritus professor of Political Economics</p>

<p>This book is essential for teaching, training researchers and students, as it provides a realistic analysis of the behavior of modern financial economies, making it valuable also for economists, financiers, and financial reformers.[...] Discussing complex topics, Kregel’s approach is dense and offers a theoretical edifice that contributes to a Keynesian-Sraffian synthesis. His theoretical and policy contributions continue to inspire and guide many Post-Keynesian scholars. — <strong>Brazilian Keynesian Review</strong></p>

<p>This is probably the most important book in Keynesian economics of the past few years, and certainly the single most relevant one within both the so-called fundamentalist Post-Keynesian tradition and the Sraffian-Keynesian one. It is a must read for graduate students and for all Post-Keynesians. —<strong>Review of Political Economy</strong></p>

<p>Kregel proposes for reconstructing a Sraffian-Keynesian approach alternative to the traditional mainstream approach that is also different from other heterodox approaches. Kregel’s book helps us understand how difficult it is to reach the shoulders of the giants and to look in the right direction, and it points us to how to get there; it thus constitutes a most important contribution. —<strong>PSL Quarterly Review</strong></p>

<p>For anyone needing fresh inspiration to do macroeconomics that is exciting, meaningful and relevant to today’s challenges, this volume is a go-to source.—<strong>Review of Keynesian Economics</strong></p>