Meghnad Desai's work presents a significant challenge to economics
as currently practised. This volume brings together a collection of
essays on issues in macroeconomics and monetary theory from an
unorthodox but rigorous position. Beginning with a series of essays
which address the inflation problem using an extension of the
Goodwin model, the volume continues with his revisionist
interpretation of the Phillips Curve, assessments of monetarism,
discussion of the economics of Keynes and Hayek, and an original
paper on monetary theory. Later chapters include the author's work
on applied econometrics, endogenous and exogenous money, and
financial innovation. The volume also includes a substantial
autobiographical preface, in which Lord Desai explains how he
became an economist and the influences behind the development of
his thought, as well as a specific introduction explaining how he
came to produce the papers included in this volume.
General
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