Capitalism, Macroeconomics and Reality: Understanding Globalization, Financialization, Competition and Crisis: Selected Papers of James Crotty - Couverture rigide

Crotty, James

 
9781784719012: Capitalism, Macroeconomics and Reality: Understanding Globalization, Financialization, Competition and Crisis: Selected Papers of James Crotty
Couverture rigide
ISBN 10 : 1784719013 ISBN 13 : 9781784719012
Editeur : Edward Elgar Publishing Ltd, 2017

Synopsis

This wide-ranging set of papers deals with crucial questions in economic theory, economic policy and economic history. The papers help explain why economic performance deteriorated dramatically in the West over the past three decades as the ''Golden Age'' of capitalism after World War II was replaced by global neoliberal capitalism. They show that theoretical frameworks rooted in the radical and heterodox traditions can explain this evolution and the current global economic and financial crisis, something mainstream theories cannot do.

Topics include but are not limited to:

  • methodology: a critique of ''positivism'' is used to explain why mainstream reliance on fairy-tale assumptions should be replaced by realistic assumption sets as argued by Marx and Keynes
  • Marx, Keynes and Minsky on financial market instability versus mainstream theories of ''efficient'' financial markets
  • how Keynes's assumption that the future is unknowable revolutionized not only macro theory but the micro theory of agent choice as well
  • structural causes of the current global financial crisis
  • how innovative theories of competition, globalization, capital investment and financialization inspired by Marx, Keynes and Schumpeter can be used to explain the crisis tendencies of neoliberal capitalism
  • the influence of class conflict on economic policy, including in the current ''austerity'' regimes.

The papers in this book should be of interest to most economists and can be used in both graduate and upper level undergraduate courses. Many of these papers are accessible to anyone who reads the business press.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

James Crotty, Emeritus Professor of Economics and Sheridan Scholar, Political Economy Research Institute, University of Massachusetts, Amherst, US

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Edward Elgar Publishing Ltd
Date d'édition
2017
Langue
anglais
ISBN 10 
1784719013
ISBN 13 
9781784719012
Reliure
Relié
Nombre de pages
448
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9781839100802: Capitalism, Macroeconomics and Reality: Understanding Globalization, Financialization, Competition and Crisis

Edition présentée

ISBN 10 :  183910080X ISBN 13 :  9781839100802
Editeur : Edward Elgar Publishing Ltd, 2019
Couverture souple