Progressive Post-Keynesian Economics

Edited by Jesper Jespersen, Professor of Economics, Roskilde University and Adjunct Professor, Aalborg University, Denmark and Finn Olesen, Professor, Aalborg University, Denmark

'Progressive Post-Keynesian Economics exemplifies beautifully the badly needed approach to economic theory and policy, which starts from real-life economic problems and is open to genuine dialogue with other approaches and social sciences. Discussing many key aspects of post-Keynesian theory, policy and teaching in an open-minded and realist manner, this book provides solid building blocks for a 21st century political economy that integrates insights and draws conceptions from a diversity of approaches. The era of one-sided abstract mathematical modelling that is detached from reality yet often functions as free-market ideology is over. Highly recommended!'--Heikki Patomäki, University of Helsinki, Finland

• Contents: Introduction1. Opportunities and Challenges for Post-Keynesian Economics? Sheila Dow2. Challenges for Post-Keynesian macroeconomics: a behavioural and structuralist perspective Peter Skott3. The Microfoundation and Autonomous Agents: G.L.S. Shackle as a front-runner to Progressive Post-Keynesian EconomicsGreg Hill4. Ergodicity/Non-ergodicity or else? Finn Olesen5. Schumpeter and Keynes after the Financial Crisis: Progressive Post-Keynesian opportunities? Stefan Voss6. Financialisation and the dysfunctional nature of the financial systemMalcolm Sawyer7. Recognition of early financialisation in the writings of John Maynard Keynes Diego Guevara, Apostolos Fasianos and Christos Pierros8. Central Bank Independency and the Idea of Money Neutrality: Re-considering the theoretical linkUlas Sener9. A Post-Keynesian model of the balance of payments crisis Hamid Raza, Mikael Randrup Byrialsen, Bjorn Runar Gudmundsson and Gylfi Zoega10. Stagnation policy in the Eurozone and Post-Keynesian economic policy alternativesEckhard Hein11. Problem-Based Learning and Mainstream Economics: Post-Keynesian Economics to the rescue? Jan Holm Ingemann and Poul Thøis Madsen12. Teaching macroeconomics: how to benefit from Problem-Based Learning Mogens Ove Madsen and Finn Olesen13. Do not blindly trust economists Mogens LykketoftIndex