1. New Directions in Modern Economics series

    Series editor: Malcolm Sawyer, University of Leeds, UK

    New Directions in Modern Economics presents a challenge to orthodox economic thinking. It focuses on new ideas emanating from radical traditions including post Keynesian, Kaleckian, neo-Ricardian and Marxian. The books in the series do not adhere rigidly to any single school of thought but attempt to present alternative to the conventional wisdom.

Books in this series

TOTAL: 52
  1. Progressive Post-Keynesian Economics

    Progressive Post-Keynesian Economics

    Edited by Jesper Jespersen, Finn Olesen
    This book is devoted to the progression of Post-Keynesian economics, taking stock of the previous 10 years of persistent imbalances in many dimensions of macroeconomic ‘reality’. This has given inspiration to Post-Keynesian scholars to make innovative contributions in areas like methodology, macroeconomic modelling and teaching. One challenge discussed in several chapters is how to model a complex macro-system where microeconomic uncertainty is increasing? This aspect is elaborated in a number of contributions which focus on the role of the financial sector and financialization for macroeconomic disruptions. Additional chapters deal with teaching and the use of case-studies for a better understanding of the real world economy. Learn More
    2019   Hardback Price: $ 130.00   Web: $ 117.00
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  2. Minsky’s Moment

    Minsky’s Moment

    Piero Ferri
    At its core this book sets out the analytical and methodological foundations of Minsky’s financial instability hypothesis (FIH). Grounded on the joint work of Piero Ferri and Hyman Minsky, it offers insightful analysis from a unique insider's perspective. The objective is to deepen and enlarge the toolbox used by Minsky and to place the analysis within a dynamic perspective where a meta model, based upon regime switching, can encompass the different forms that the FIH can assume. Learn More
    2019   Hardback Price: $ 125.00   Web: $ 112.50
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  3. The General Theory and Keynes for the 21st Century

    The General Theory and Keynes for the 21st Century

    Edited by Sheila Dow, Jesper Jespersen, Geoff Tily
    This book is devoted to the lasting impact of The General Theory (and Keynes’s thought) on macroeconomic theory, methodology and its relevance for understanding the post-crisis challenges of the 21st Century. A number of contributions take their departure from Keynes's presentation during the 1930's of his new macroeconomic understanding and its policy implications. Other chapters take a more pluralistic view of Keynes's ideas and their importance for contemporary debates. Further, it is demonstrated that many textbooks often misrepresent The General Theory and therefore cannot be a reliable guide to 21st Century economic policy. Learn More
    2018   Hardback Price: $ 130.00   Web: $ 117.00
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  4. Money, Method and Contemporary Post-Keynesian Economics

    Money, Method and Contemporary Post-Keynesian Economics

    Edited by Sheila Dow, Jesper Jespersen, Geoff Tily
    This volume concentrates on contemporary Post-Keynesian contributions in money, method and economic policy. Post-Keynesian economics shares with Keynes the ambition of understanding the economy as a whole and as an integrated part of society. The book begins by analysing money, banks and finance as dynamic phenomena, followed by chapters focusing on methodological themes such as uncertainty, longer-term issues, sustainability and other non-monetary economic activities. Learn More
    2018   Hardback Price: $ 125.00   Web: $ 112.50
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  5. Financial Underpinnings of Europe’s Financial Crisis

    Financial Underpinnings of Europe’s Financial Crisis

    Nina Eichacker
    This book analyzes how financial liberalization affected the development of the financial crisis in Europe, with particular attention given to the ways in which power asymmetries within Western Europe facilitated financial liberalization and distributed the costs and gains from it. The author combines institutional narrative analysis with empirical surveys and econometrics, as well as country-level studies of financial liberalization and its consequences before and after the 2008 Global Financial Crisis. Learn More
    2017   Hardback Price: $ 115.00   Web: $ 103.50
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  6. Approaching Equality

    Approaching Equality

    Roger A. McCain
    Drawing on some recent research (especially that of Piketty and his associates) and on older ideas (particularly from Sir Arthur Lewis), Roger McCain proposes policies that, together, would aim to reverse the observed tendency towards the concentration of wealth in market economies, thus ‘approaching equality.’ The shortcomings and dangers of rising wealth inequality are discussed, both from the point of view of increasing instability and of equalitarian values. Learn More
    2017   Hardback Price: $ 120.00   Web: $ 108.00
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  7. Aggregate Demand, Inequality and Instability

    Aggregate Demand, Inequality and Instability

    Piero Ferri
    This book studies the relationships between aggregate demand, inequality and instability. It extends the traditional approach by introducing wealth and inequality into a dynamic macroeconomic model. Furthermore, it examines the role that debt and financial instability can play in turbulent times such as the Great Recession and its aftermath. Unlike Piketty, the author analyses the relationships between instability and inequality, and the feedbacks from the latter to the former, in a system approach where real and monetary factors interact to generate complex patterns. Learn More
    2016   Hardback Price: $ 109.00   Web: $ 98.10
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  8. Financialisation and the Financial and Economic Crises

    Financialisation and the Financial and Economic Crises

    Edited by Eckhard Hein, Daniel Detzer, Nina Dodig
    The contributions to this book provide detailed accounts of the long-term effects of financialisation and cover the main developments leading up to and during the crisis in 11 selected countries: the US, the UK, Spain, Greece, Portugal, Germany, Sweden, Italy, France, Estonia, and Turkey. The introductory chapter presents the theoretical framework and synthesizes the main findings of the country studies. Furthermore, the macroeconomic effects of financialisation on the EU as a whole are analysed in the final chapter. Learn More
    2016   Hardback Price: $ 160.00   Web: $ 144.00
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    2017   Paperback Price: $ 45.00   Web: $ 36.00
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  9. The Great Financial Meltdown

    The Great Financial Meltdown

    Edited by Turan Subasat
    The Great Financial Meltdown reviews, advocates and critiques the systemic, conjunctural and policy-based explanations for the 2008 crisis. The book expertly examines these explanations to assess their analytical and empirical validity. Comprehensive yet accessible chapters, written by a collection of prominent authors, cover a wide range of political economy approaches to the crisis, from Marxian through to Post Keynesian and other heterodox schools. Learn More
    2016   Hardback Price: $ 168.00   Web: $ 151.20
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  10. The Demise of Finance-dominated Capitalism

    The Demise of Finance-dominated Capitalism

    Edited by Eckhard Hein, Daniel Detzer, Nina Dodig
    This book provides an overview of different theoretical perspectives on the long-run transition towards finance-dominated capitalism, on the implications for macroeconomic and financial stability, and ultimately on the recent global financial and economic crisis. In the first part, the macroeconomics of finance-dominated capitalism, the theories of financial crisis and important past crises are reviewed. The second part deals with the 2007-09 financial and economic crisis in particular. The special focus is on the long-run problems and inconsistencies of finance-dominated capitalism which played a key role in the crisis and its level of severity. Learn More
    2015   Hardback Price: $ 168.00   Web: $ 151.20
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    2016   Paperback Price: $ 45.00   Web: $ 36.00
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  11. The Great Recession and the Contradictions of Contemporary Capitalism

    The Great Recession and the Contradictions of Contemporary Capitalism

    Edited by Riccardo Bellofiore, Giovanna Vertova
    The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession, placing the analysis of finance, class and gender at the center of the debate. It begins with a comprehensive insight into the crisis, before moving on to focus on debt, asset inflation and financial fragility. Following chapters discuss global imbalances, structural monetary reform and the management of public finance, including a investigation of the Italian experience. The book concludes with novel contributions on the gender dimension of the crisis and the analogies between a nuclear and financial chain reaction. Learn More
    2014   Hardback Price: $ 138.00   Web: $ 124.20
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  12. Modern Monetary Macroeconomics

    Modern Monetary Macroeconomics

    Edited by Claude Gnos, Sergio Rossi
    This timely book uses cutting-edge research to analyse the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises. Learn More
    2013   Hardback Price: $ 152.00   Web: $ 136.80
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  13. The New Global Political Economy

    The New Global Political Economy

    Riccardo Fiorentini, Guido Montani
    The expert authors provide an in-depth analysis of the causes of the financial crisis and the political economy measures required to build a safer and more stable international order. They show how the financial crisis is deeply rooted in the flaws of the dollar standard and explain why the dollar and globalization should be considered together to understand the present challenges. By way of conclusion, the authors propose the creation of a ‘World Eco-Monetary Union’ with the power to regulate the global economy and to promote sustainable development. Learn More
    2012   Hardback Price: $ 123.00   Web: $ 110.70
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  14. Employment, Growth and Development

    Employment, Growth and Development

    Edited by Claude Gnos, Louis-Philippe Rochon, Domenica Tropeano
    This topical book addresses unemployment in Europe, the wrong-headed reliance on NAIRU to formulate policy, distributional conflicts and financial factors, as well as problems faced in developing countries with respect to exchange rate policy, central banking, challenges to growth, and international financial flows. In the first part of the book the chapters deal with issues related to employment policies, economic growth and development while the second part is dedicated to development and growth issues in open-economy developing countries. Learn More
    2012   Hardback Price: $ 152.00   Web: $ 136.80
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  15. Does Economic Governance Matter?

    Does Economic Governance Matter?

    Edited by Mehmet Ugur, David Sunderland
    This book contributes to the growing governance literature in three ways. First, it extends the analysis to new areas such as power asymmetry, regulation, transnational company strategies, and law enforcement. Secondly, it examines the role of formal institutions that shape and enforce the rules/norms codified in law; but also private-ordering institutions that function under the umbrella of the State; and private institutions (such as market rules/norms) that provide reputational and other information that foster compliance. Finally, the book extends and enriches the governance debate, addressing issues such as the determinants of institutional quality and efficiency, and the interaction between actor networks and institutional norms. Learn More
    2011   Hardback Price: $ 138.00   Web: $ 124.20
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  16. Macroeconomics of Growth Cycles and Financial Instability

    Macroeconomics of Growth Cycles and Financial Instability

    Piero Ferri
    In light of the recent economic crisis and in keeping with Hyman Minsky’s analysis of financial instability, this book considers the important interaction between cycles and growth, via the interplay between demand, supply and real-world financial issues. Learn More
    2011   Hardback Price: $ 120.00   Web: $ 108.00
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  17. Credit, Money and Macroeconomic Policy

    Credit, Money and Macroeconomic Policy

    Edited by Claude Gnos, Louis-Philippe Rochon
    With recent turmoil in financial markets around the world, this unique and up-to-date book addresses a number of challenging issues regarding monetary policy, financial markets and macroeconomic policy. Learn More
    2011   Hardback Price: $ 160.00   Web: $ 144.00
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  18. The Economics of Financial Turbulence

    The Economics of Financial Turbulence

    Bill Lucarelli
    This challenging book examines the origins and dynamics of financial–economic crises. Its wide theoretical scope incorporates the theories of Marx, Keynes and various other Post Keynesian scholars of endogenous money, and provides a grand synthesis of these theoretical lineages, as well as a powerful critique of prevailing neoclassical/monetarist theories of money. Learn More
    2011   Hardback Price: $ 116.00   Web: $ 104.40
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  19. The Economics of Abundance

    The Economics of Abundance

    Brendan Sheehan
    This book addresses the challenge posed by J.K. Galbraith over 50 years ago to make a constructive contribution to a different style of economic analysis – the economics of abundance. It identifies a system of abundance inhabited by the ‘people of plenty’ and illustrates that the driver of growth in this system is spending by affluent consumers. This timely book provides essential heterodox economic theory to explain this spending and explore its key drivers and constraints. Learn More
    2010   Hardback Price: $ 120.00   Web: $ 108.00
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  20. Strategic Competition, Dynamics, and the Role of the State

    Strategic Competition, Dynamics, and the Role of the State

    Jamee K. Moudud
    Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists’ Research Group’s microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment. Learn More
    2010   Hardback Price: $ 120.00   Web: $ 108.00
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