This is an accessible, cogent analysis of the recent downturn in the wold's economy. The book explains the decline in relation to the development of the world economy since the Second World War, and more fundamentally, as an example of the cycle of crisis and recovery that has c…
Explains the global economic downturn in relation to the development of the world economy since World War II, but also as a fundamental example of the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick argues that today's r…
The recent global economic downturn has affected nearly everyone in every corner of the globe. Its vast reach and lingering effects have made it difficult to pinpoint its exact cause, and while some economists point to the risks inherent in the modern financial system, others bl…
Kalecki is widely regarded as one of the leading theorists in the Post-Keynesian tradition and Theory of Economic Dynamics is one of his most influential works.
"Since publication of Robert L. Hetzel's The Monetary Policy of the Federal Reserve (Cambridge University Press, 2008), the intellectual consensus that had characterized macroeconomics has disappeared. That consensus emphasized efficient markets, rational expectations, and the e…