This book provides an enlightening glimpse into the deep
theoretical traditions of post-Keynesian theory whilst also
illuminating the richness and uniqueness of post-Keynesian economic
policy. The editors have gathered together leading scholars and
researchers to push the boundaries of post-Keynesian thinking. They
address a number of important issues dealing with wage
determination, income distribution and central bank governance.
Many of these chapters share a common theme including a criticism
of the usefulness of monetary policy in fighting or targeting
inflation and the questions this raises for central bank
governance. The book also focuses on open economy issues such as
capital flows, globalization, FDI and the Washington Consensus.
Monetary Policy and Financial Stability is required reading for
students, scholars and researchers of economics, and for
policymakers seeking rational alternatives to the current
neo-classical orthodoxy.
General
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