Macroeconomics After the Financial Crisis: A Post-Keynesian Perspective

ISBN-13: 9781138495500 / Angielski / Miękka / 2018 / 204 str.

Mogens Ove Madsen; Finn Olesen

Opis

Since the outbreak of the current international economic crisis in 2008, the USA and many of the European countries have been tormented by high levels of unemployment and low levels of inflation, interest rates close to zero and fiscal policies of austerity. This book will present new materials and approaches, especially new evidence and new views on the potential problems of public debt, the European Union and the present crisis, Central Banking, hysteresis in an agent based framework, the foundations of macroeconomics and the problems of uncertainty.

Spis treści

1. The Great Recession – an introductory view Mogens Ove Madsen & Finn Olesen 2. Keynes "in the 21^st Century" – Tradition, circumstance, fad and pretense in the wake of the Great Crisis James Galbraith 3. Public debt, secular stagnation and functional finance Peter Skott 4. Neoliberal economic policy, growth models and the crisis in the Euro area Engelbert Stockhammer 5. Corporatism and Capital Accumulation: The Fate of the Nordic Model Jonathan Perraton 6. Structural budget deficits: Getting causality right Jesper Jespersen 7. The Making of a Revolution – How important are economic crises? Finn Olesen 8. The need for macro foundations for microeconomic theory Claude Gnos 9. Microfoundations – on the use and misuse of theories and models in economics Lars Pålsson Syll 10. Böhm-Bawerk meets Keynes – what does determine the interest rate, and can it become negative? Ulrich van Suntum & Tom Neugebauer 11. The Socio-Economic Philosophy of Keynes: Lessons for the 21^st Century Eric Berr 12. Towards a Theoretical Foundation of Animal Spirits: Probability, Uncertainty and Intentionality Joachim Güntzel 13. Two Generations of Path Dependence in Economics? Mogens Ove Madsen

O autorze

Mogens Ove Madsen is Associate Professor at the Department of Business and Management, Aalborg University, Denmark

Finn Olesen is Professor at the Department of Business and Management, Aalborg University, Denmark