The significance of commodity price instability for the economic development of commodity-exporting countries has been perhaps the dominant theme in the postwar literature on the "commodity problem". One of the contending postwar views of the...
This chapter explores one aspect of the relationship between the system of production and the macroeconomic structure, namely, the role of profitability in determining investment demand and the level of economic activity. Within the system of...
Tony Addison The present currency turmoil is both a symptom and a cause of profound changes now underway in the global economy. In part 1 of this two...
Tony Addison 'Birds of a feather flock together', the old saying goes. So too do investors. Today, those investment birds are a depressed lot. The...
For many emerging market economies, over reliance on monetary policy may bring worse macro results, when compared to a more balanced framework of countercyclical fiscal and monetary policy. The use of countercyclical fiscal policy requires as a...
The main arguments of this book are almost certain to create controversy and lead to a fundamental reassessment of Keynesian economics. Building on his previous work on modern capitalism, Robin Marris has made theoretical advance which should have a...
Part of Book Reconstructing Keynesian Economics With Imperfect Competition
Part of Book Reconstructing Keynesian Economics With Imperfect Competition
Part of Book Reconstructing Keynesian Economics With Imperfect Competition
Part of Book Reconstructing Keynesian Economics With Imperfect Competition
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