Modern Guide to State Intervention

Edited by Nikolaos Karagiannis, Professor of Economics, Winston-Salem State University, US and John E. King, Emeritus Professor of Economics, La Trobe University, Australia

'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

• Contents:ForewordGeoff Harcourt Introduction: The Role of GovernmentNikolaos Karagiannis and John E. KingPart I Philosophical and Theoretical Aspects1. Policy and State in Complexity EconomicsWolfram Elsner2. State and Public Sector: Key Economic and Politico-institutional Aspects of Modern InterventionNikolaos Karagiannis, Zagros Madjd-Sadjadi and Joanna Bens3. The Fiscal Responsibilities of GovernmentMalcolm Sawyer4. Monetary PolicyJan ToporowskiPart II Macroeconomic Policies for Sustainable Growth and Prosperity5. Fiscal Policy and the Government Debt in Alternative Models of Growth and DistributionAmitava Krishna Dutt6. Economic Development Policy Today: What Has Realistically Remained?Nikolaos Karagiannis and Zagros Madjd-Sadjadi7. Welfare as Government InterventionTorsten Niechoj8. Monetary Policy and Central Banks’ Intervention: A Critical InvestigationSergio Rossi9. Principles Underlying Classical-Keynesian Employment and Distribution PoliciesHeinrich BortisPart III Special Issues and Policy Interventions10. Government Originating and Closing the CircuitRomar Correa11. What Future for the Euro Without Fiscal Integration?Philip Arestis12. Are Wages Policies Desirable and Feasible? European ExperiencesJesus Ferreiro13. Guaranteed Jobs Through a Public Service Employment Programme for the United StatesL. Randall Wray, Flavia Dantas, Scott Fullwiler, Pavlina R. Tcherneva and Stephanie A. Kelton14. Government Intervention and Educational Equity: Leveraging Educator Preparation Programmes at Historically Black Colleges and UniversitiesDenise PearsonIndex