<i>'Empirical content is refreshingly prominent in the majority of the essays on the role of money, the impact of distribution, and the effects of policy. . . the volume as a whole should be of interest to (and deserves to be read by) both professionals and advanced students who are looking for a comprehensive introduction to the method, theory and application of heterodox macroeconomics.'</i>

- Mark Setteifield, Economic Issues,

<i>'This book accomplishes its goals and it is strongly recommended for heterodox economists interested in issues of money, distribution, and economic policy in developed countries, mainly in Europe.'</i>

- Marcelo Milan, Review of Keynsian Economics, Inaugural Issue,

<i>'. . . this volume provides valuable insights for those who are interested in modern macroeconomics.'</i>

- Lena Vogel, Intervention,

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<i>'This book provides powerful insights for heterodox economists that have not been previously explored. Most chapters, as outlined above, are highly original and altogether underscore the importance and relevance of heterodox theory as a reflection of the "real world."'</i>

- Sara Hsu, Heterodox Economics Newsletter,

Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore the following areas:

  • the development of heterodox theory
  • the role of money in macroeconomics
  • the relationship between distribution and aggregate demand
  • macroeconomic policy issues from a broader heterodox perspective.


This study will appeal to scholars, researchers and postgraduate students of macroeconomics and economic policy, money and banking and Post-Keynesian economics.

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Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics.
Contents: Introduction Eckhard Hein and Achim Truger PART I: HETERODOX ECONOMIC THEORY AND MONEY IN MACROECONOMICS 1. What is the Cambridge Approach to Economics? G.C. Harcourt 2. Heterodox Economics: A Common Challenge to Mainstream Economics? Sheila Dow 3. Elements of a Monetary Theory of Production Trevor Evans, Michael Heine and Hansjörg Herr 4. The Monetary Circuit Approach: A Stock-flow Consistent Model Jean-Vincent Accoce and Tarik Mouakil PART II: DISTRIBUTION AND AGGREGATE DEMAND 5. What Drives Profits? An Income-spending Model Olivier Giovannoni and Alain Parguez 6. Wages and Aggregate Demand: An Empirical Investigation for France Stefan Ederer and Engelbert Stockhammer PART III: ECONOMIC POLICIES 7. New Institutions for a New Economic Policy Jesús Ferreiro and Felipe Serrano 8. Structural Reforms and Macroeconomic Policy – The Example of Germany Gustav A. Horn 9. Theories of Fiscal Policies and Fiscal Policies in the EMU Anthony J. Laramie and Douglas Mair 10. The Link between Fiscal and Monetary Policy – Lessons for Germany from Japan Richard A. Werner 11. Monetary Policy, Macroeconomic Policy Mix and Economic Performance in the Euro Area Eckhard Hein and Achim Truger Index
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Produktdetaljer

ISBN
9781847200631
Publisert
2007-04-25
Utgiver
Vendor
Edward Elgar Publishing Ltd
Høyde
234 mm
Bredde
156 mm
Aldersnivå
UU, UP, 05
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
272

Biographical note

Edited by Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law and Achim Truger, Professor of Economics, Berlin School of Economics and Law, Germany