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Books > Business & Economics > Economics > Macroeconomics
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Capitalism, Macroeconomics and Reality - Understanding Globalization, Financialization, Competition and Crisis (Hardcover)
Loot Price: R4,245
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Capitalism, Macroeconomics and Reality - Understanding Globalization, Financialization, Competition and Crisis (Hardcover)
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This wide-ranging set of papers deals with crucial questions in
economic theory, economic policy and economic history. The papers
help explain why economic performance deteriorated dramatically in
the West over the past three decades as the ''Golden Age'' of
capitalism after World War II was replaced by global neoliberal
capitalism. They show that theoretical frameworks rooted in the
radical and heterodox traditions can explain this evolution and the
current global economic and financial crisis, something mainstream
theories cannot do. Topics include but are not limited to:
methodology: a critique of ''positivism'' is used to explain why
mainstream reliance on fairy-tale assumptions should be replaced by
realistic assumption sets as argued by Marx and Keynes Marx, Keynes
and Minsky on financial market instability versus mainstream
theories of ''efficient'' financial markets how Keynes's assumption
that the future is unknowable revolutionized not only macro theory
but the micro theory of agent choice as well structural causes of
the current global financial crisis how innovative theories of
competition, globalization, capital investment and financialization
inspired by Marx, Keynes and Schumpeter can be used to explain the
crisis tendencies of neoliberal capitalism the influence of class
conflict on economic policy, including in the current ''austerity''
regimes. The papers in this book should be of interest to most
economists and can be used in both graduate and upper level
undergraduate courses. Many of these papers are accessible to
anyone who reads the business press.
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