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A Modern Guide to State Intervention
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A Modern Guide to State Intervention

Economic Policies for Growth and Sustainability

9781789905076 Edward Elgar Publishing
Edited by Nikolaos Karagiannis, Professor of Economics, Winston-Salem State University, US and John E. King, Emeritus Professor, La Trobe University, Australia and Honorary Professor, Federation University Australia
Publication Date: 2019 ISBN: 978 1 78990 507 6 Extent: 328 pp
A Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilized status quo of modern societies.

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Critical Acclaim
Contributors
Contents
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A Modern Guide to State Intervention investigates the impact of the changing role of the state, offering an alternative political economy for the third decade of the twenty-first century. Building on important factors including history, the role of institutions, society and economic structures, this Modern Guide considers economic and administrative interventions towards changing the destabilized status quo of modern societies.

Exploring a variety of theoretical approaches, chapters offer sustainable growth-inducing policies and proposals to address important challenges in this era of neoliberal globalization and financialization. With key contributions by distinguished academics in the field, the book evaluates past efforts and policies and critiques failed perspectives.

A critical read for political economics scholars wishing to look beyond orthodox perspectives, this book highlights key areas of contention in modern economic policies. This will also be a vital book for policy-makers and economists looking ahead to a more sustainable economic atmosphere.
Critical Acclaim
'The severity of socio-economic problems facing advanced and developing economies calls for new thinking about the role of the state. This volume brings together an impressive collection of innovative analyses of how the state (at the national and international levels) can evolve to promote more sustainable economies and more equitable societies.'
– Sheila C. Dow, University of Stirling, UK

‘A landmark in innovative thinking about theory and policy and the role of government in both developing and developed economies. Starting from the state in much of the world at the moment, in which large multinational oligopolies dominate decision making, the editors and contributors analyse the emergence of unstable economic, political and social processes associated with the imposition of neoliberal theory and policies. The latter are based on a number of planks, most of which are fallacious, especially the need for austerity programs, deregulation of financial and real markets and unrestrained international capital flows.’
– from the Foreword by Geoffrey C. Harcourt
Contributors
Contributors: P. Arestis, J. Bens, H. Bortis, R. Correa, F. Dantas, A.K. Dutt, W. Elsner, J. Ferreiro, S. Fullwiler, N. Karagiannis, S. Kelton, J.E. King, Z. Madjd-Sadjadi, T. Niechoj, D. Pearson, S. Rossi, M. Sawyer, P.R. Tcherneva, J. Toporowski, L.R.l. Wray
Contents
Contents:

Foreword
Geoff Harcourt

Introduction: The Role of Government
Nikolaos Karagiannis and John E. King

Part I Philosophical and Theoretical Aspects
1. Policy and State in Complexity Economics
Wolfram Elsner

2. State and Public Sector: Key Economic and Politico-institutional Aspects of Modern Intervention
Nikolaos Karagiannis, Zagros Madjd-Sadjadi and Joanna Bens

3. The Fiscal Responsibilities of Government
Malcolm Sawyer

4. Monetary Policy
Jan Toporowski

Part II Macroeconomic Policies for Sustainable Growth and Prosperity
5. Fiscal Policy and the Government Debt in Alternative Models of Growth and Distribution
Amitava Krishna Dutt

6. Economic Development Policy Today: What Has Realistically Remained?
Nikolaos Karagiannis and Zagros Madjd-Sadjadi

7. Welfare as Government Intervention
Torsten Niechoj

8. Monetary Policy and Central Banks’ Intervention: A Critical Investigation
Sergio Rossi

9. Principles Underlying Classical-Keynesian Employment and Distribution Policies
Heinrich Bortis

Part III Special Issues and Policy Interventions
10. Government Originating and Closing the Circuit
Romar Correa

11. What Future for the Euro Without Fiscal Integration?
Philip Arestis

12. Are Wages Policies Desirable and Feasible? European Experiences
Jesus Ferreiro

13. Guaranteed Jobs Through a Public Service Employment Programme for the United States
L. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva and Stephanie A. Kelton

14. Government Intervention and Educational Equity: Leveraging Educator Preparation Programmes at Historically Black Colleges and Universities
Denise Pearson

Index

This title is available for institutional purchase via Elgaronline.

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