Jesper Jespersen – författare

The first part highlights the important challenges of understanding the increasingly disrupted macroeconomic system of global supply chains, fluctuating inflation and unsustainable development in an uncertain and unpredictable economic environment.

These changes call for an updated analytical framework at the global and national levels. For this purpose, the expert contributors firstly present a stock-flow consistent model framework to analyse these new conditions in order to achieve sustainable development in the future. The next sections contain contributions offering a renewed understanding of key macroeconomic phenomena such as Keynes’s fundamental uncertainty and principle of effective demand in an increasingly unstable economic and political system. Following chapters discuss how to re-establish and coordinate a demand-led and sustainable growth path using unconventional fiscal and monetary policy in an unpredictable global environment.

The book contains important updates of macroeconomic theory and method, and presents a number of empirical case-studies. It will be an indispensable read for scholars and students interested in the development within Post-Keynesian theory, policy and methodology. It will also be informative for civil servants working in the Treasury or banking sectors, and policymakers in public and private institutions making decisions for the future in an uncertain economic environment.

The present macroeconomic crisis has demonstrated that a deeper understanding of the importance of relevant macroeconomic theories and methods is wanting. Additionally, lack of methodological awareness is behind much of the disagreement within macroeconomics which, looked upon from outside, often appears incomprehensible.

The Handbook gives a structured presentation of the study of principles and procedures by which macroeconomics is researched, taught and communicated both within academia and to a wider audience, and why specific theories, research strategies and teaching are preferred. The principles of selecting theory relevant to real-world problems are the core of methodology. This book contains a broad range of arguments behind theory construction and appraisal and the consequences of these choices within the field of macroeconomics.

An international range of experts provide clear analysis of key concepts, ideas and principles to give academics, students and others a better understanding of the macroeconomics behind policy conclusions which are put forward at different levels.

The present macroeconomic crisis has demonstrated that a deeper understanding of the importance of relevant macroeconomic theories and methods is wanting. Additionally, lack of methodological awareness is behind much of the disagreement within macroeconomics which, looked upon from outside, often appears incomprehensible.

The Handbook gives a structured presentation of the study of principles and procedures by which macroeconomics is researched, taught and communicated both within academia and to a wider audience, and why specific theories, research strategies and teaching are preferred. The principles of selecting theory relevant to real-world problems are the core of methodology. This book contains a broad range of arguments behind theory construction and appraisal and the consequences of these choices within the field of macroeconomics.

An international range of experts provide clear analysis of key concepts, ideas and principles to give academics, students and others a better understanding of the macroeconomics behind policy conclusions which are put forward at different levels.

The Post-Keynesian economics set out here aims for an understanding of the economy as a whole and as an integral part of society. Chapters analysing money, banks and finance as dynamic phenomena open the book. They are followed by chapters focusing on methodological issues such as uncertainty, longer-term aspects, sustainability and other non-monetary economic activities.

This important book is a useful tool for students and researchers who wish to gain a better understanding of real world economics. In these areas where conventional macroeconomic theory may not be sufficient, this book offers viable post-Keynesian alternatives.

Contributors include: A. Asensio, V. Chick, S. Dow, A. Freeman, J. Ghosh, C. Goodhart, P. Hawkins, J. Jespersen, M.O. Madsen, R. McMaster, C.J. Rodríguez-Fuentes, R. Rotheim, S. Sen, R. Studart, B. Tieben, G. Tily

The General Theory and Keynes for the 21st Century develops the analysis of money and banking, and the intertwined relationship between financial and real-world activities throughout. It demonstrates how vital Keynes’s work is to understanding the failure of the globalised financial system as well as pointing to an alternative way forward.

The broad scope and richness of the contributions are reminders of how most books severely misrepresent The General Theory and therefore fail to act as a guide to 21st Century policy. As such, this book is a necessary tool for scholars, researchers and advanced students of economics, as well as policy makers who wish to create a more just society in the face of the current deregulated global market economy.

Contributors include: G.M. Ambrosi, A.M. Carabelli, M.A. Cedrini, V. Chick, T. Congdon, A. Denis, R. Desai, S. Dow, G.C. Harcourt, M.G. Hayes, J. Jespersen, P. Kriesler, H.D. Kurz, M.C. Marcuzzo, J.W. Nevile, R. Skidelsky, T.D. Togati, A. Vercelli

Taking a pluralistic approach to modern Keynesian economics, the book presents innovative contributions to methodology, analyses of financialization and macroeconomic modeling. It explores how to model a complex macro-system at a time when economic uncertainty is dominant. Rich case studies examine increasing macroeconomic imbalances, paving the way for a better understanding of the political challenges of the future. With chapters dedicated to teaching macroeconomics, the book adopts a practical stance, exploring the notion of moving away from mathematical modeling towards problem-based learning.

Provocative and comprehensive, this book is crucial reading for all macroeconomists, from academic researchers to ministerial officials, seeking guidance on dealing with macroeconomic ''reality''. Postgraduate students of heterodox economics and political economy will also benefit from the innovative contributions of top post-Keynesian scholars, offering an alternative understanding of contemporary macroeconomic theory.

Macroeconomic Methodology is an inquiry into the question of how to conduct a proper scientific analysis of uncertainty within macroeconomics. It will be of great interest to scholars of the philosophy of social sciences and methodology, as well as post-Keynesian and heterodox economists.