Review of Keynesian Economics

2012 - 2025

Current editor(s): Thomas Palley, Matías Vernengo and Esteban Pérez Caldentey

From Edward Elgar Publishing
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Volume 3, issue 4, 2015

Euro or not euro – that is not the question! Economic well-being and the fate of the Economic and Monetary Union pp. 443–456

Arne Heise

Can prosperity return to the Economic and Monetary Union? pp. 457—470

Malcolm Sawyer

A credit-money and structural perspective on the European crisis: why exiting the euro is the answer to the wrong question pp. 471—490

Riccardo Bellofiore, Francesco Garibaldo and Mariana Mortagua

Causes of the decline of economic growth in Italy with special reference to the post-euro period: a balance-of-payments approach pp. 491—516

Elias Soukiazis, Pedro Cerqueira and Micaela Antunes

Dealing with cost-push inflation in Latin America: multi-causality in a context of increased openness and commodity price volatility pp. 517—535

Martín Abeles and Demian Panigo

No easy balancing act: reducing the balance-of-payments constraint, improving export competitiveness and productivity, and absorbing surplus labor – the Indian experience pp. 536—566

Suranjana Nabar-Bhaduri

Can fiscal austerity be expansionary in present-day Europe? The lessons from Sweden pp. 567—601

Lennart Erixon

The macroeconomics of endogenous money: response to Fiebiger, Palley and Lavoie pp. 602—611

Steve Keen

Book review: Richard D. Wolff and Stephen S. Resnick, Contending Economic Theories: Neoclassical, Keynesian and Marxian (MIT Press, Cambridge, MA, USA 2012) 416 pp pp. 612—615

Luiz Eduardo Simões de Souza

Book review: Sunanda Sen, Dominant Finance and Stagnant Economies (Oxford University Press, New Delhi, India 2014) 368 pp pp. 616—617

Noemi Levy-Orlik

Book review: Jesús Felipe and John S.L. McCombie, The Aggregate Production Function and the Measurement of Technical Change: Not Even Wrong (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 400 pp pp. 618—622

Javier López Bernardo

Volume 3, issue 3, 2015

Debt deflation worries: a restatement pp. 279 - 294

Lino Sau

Public debt crisis, austerity and deflation: the case of Greece pp. 295-313

Marica Frangakis

The post-1980 debt disinflation: an exercise in historical accounting pp. 314-335

J.W. Mason and Arjun Jayadev

The economics of deflation in the euro area: a critique of fiscal austerity pp. 336-350

Giuseppe Mastromatteo and Sergio Rossi

Demand-driven Goodwin cycles with Kaldorian and Kaleckian features pp. 351-373

Rudiger von Arnim and Jose Barrales

Growth cycles with or without price flexibility pp. 374-386

Peter Skott

Growth cycles: a response to Peter Skott pp. 387-391

Rudiger von Arnim and Jose Barrales

Is sticky price adjustment important for output fluctuations? pp. 392-418

John W. Keating and Isaac Kanyama

The fiscal multiplier with heterogeneous agents: the role of wealth, wealth distribution, and interest rates under Ricardian equivalence pp. 419-432

Norman Sedgley, Charles Scott and Fred Derrick

Book Review: Tony Phillips, Europe on the Brink: Debt Crisis and Dissent in the European Periphery (Zed Books, London, UK 2014) 272 pp pp. 433-437

Jan Toporowski

Book review: Shahzavar Karimzadi, Money and its Origins (Routledge, London, UK and New York, USA 2013) 288 pp pp. 438-441

Paul Zarembka

Volume 3, issue 2, 2015

Symposium introduction: Capitalism and Crises pp. 141-142

Hassan Bougrine

Is a Marxist explanation of the current crisis possible? pp. 143-157

Claudio Sardoni

Towards an understanding of crisis episodes in Latin America: a post-Keynesian approach pp. 158-180

Esteban Perez Caldentey and Matías Vernengo

Transformations of entrepreneurial capitalism, crises and the need for a radical change in economic policy pp. 181-193

Hassan Bougrine and Louis-Philippe Rochon

The heterodox notion of structural crisis pp. 194-212

Robert Guttmann

Structural reforms in payment systems to avoid another systemic crisis pp. 213-225

Sergio Rossi

In Memoriam: Frederic Sterling Lee (1949–2014) pp. 226-232

John E. King

Mundell–Fleming without the LM curve: the exogenous interest rate in an open economy pp. 248-268

Franklin Serrano and Ricardo Summa

Book review: Marc Lavoie and Engelbert Stockhammer (eds), Wage-Led Growth: An Equitable Strategy for Economic Recovery (International Labour Organization and Palgrave Macmillan, Houndmills, Basingstoke, UK 2013) 208 pp pp. 269-273

Robert Blecker

Book review: James K. Galbraith, The End of Normal: The Great Crisis and the Future of Growth (Simon & Schuster, New York, USA 2014) 304 pp pp. 274-278

Philip Pilkington

Volume 3, issue 1, 2015

Symposium introduction: Global Crisis and the Need for Paradigm Change pp. 1-1

Thomas Palley

The need for a new paradigm in economics pp. 2-8

Garry Jacobs

Uncertainty, power, institutions, and crisis: implications for economic analysis and the future of capitalism pp. 9-28

Amitava Dutt

After Ricardo – after Marx – after Keynes: comparative advantage, mutual advantage and implications for global governance pp. 29-44

Stuart Holland

The theory of global imbalances: mainstream economics vs structural Keynesianism pp. 45-62

Thomas Palley

Global crisis: a comprehensive interdisciplinary approach to paradigm change pp. 63-76

Augusto Santos Silva

The 'developmentalism' debate in Brazil: some economic and political issues pp. 77-89

Adriana Moreira Amado and Maria de Lourdes Mollo

Which developmentalism? A Keynesian–Institutionalist proposal pp. 90-107

Fernando Ferrari Filho and Pedro Cezar Dutra Fonseca

Export-led growth vs growth-led exports: what matters for the Brazilian growth experience after trade liberalization? pp. 108-128

Ricardo Araujo, Joanílio Rodolpho Teixeira and Cristiane Soares

Book review: Thomas Piketty, Capital in the Twenty-First Century (Belknap Press/Harvard University Press, London 2014) 696 pp pp. 129-133

Angel Asensio

Book review: Mariana Mazzucato, The Entrepreneurial State: Debunking Public vs Private Sector Myths (Anthem Press, London, Delhi and New York 2013) 266 pp pp. 134-138

Philip Pilkington

Coordination of fiscal with monetary and financial stability policies can better cure unemployment pp. 233-247

Philip Arestis

Volume 2, issue 4, 2014

Mini-symposium: NAFTA after 20 years: Introduction pp. 413-413

N/a

Were the original Canada–US Free Trade Agreement (CUSFTA) and the North American Free Trade Agreement (NAFTA) significant policy turning points? Understanding the evolution of macroeconomic policy from the pre- to the post-NAFTA era in North America pp. 414-428

Mario Seccareccia

The effects of NAFTA on US trade, jobs, and investment, 1993–2013 pp. 429-441

Robert E. Scott

The Mexican and US economies in the NAFTA era pp. 442-455

Gregorio Vidal

Economic growth: trade, public finance, and the paradox of thrift pp. 456-463

John Smithin

Garegnani's 'theoretical enterprise' and the theory of distribution pp. 464-482

Enrico Levrero

Paul Krugman's 'liquidity trap' and other misadventures with Keynes pp. 483-489

Lance Taylor

Unit labor costs in the eurozone: the competitiveness debate again pp. 490-507

Jesus Felipe and Utsav Kumar

Keynes, family allowances, and Keynesian economic policy pp. 508-526

Steven Pressman

The rate of profit and balance-of-payments-constrained economic growth: the dynamic model for a small and open economy pp. 527-541

Naphon Phumma

Book review: Eckhard Hein, The Macroeconomics of Finance-Dominated Capitalism – and its Crisis (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 232 pp pp. 542-544

Salvatore Perri

Book review: Jesper Jespersen and Mogens Ove Madsen (eds), Teaching Post Keynesian Economics (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 256 pp pp. 545-546

Neil Lancastle

Book review: Mehdi Shafaeddin, Competitiveness and Development: Myth and Realities (Anthem Press, London, UK 2012) 344 pp pp. 547-549

Devin T. Rafferty

Book review: Anthony P. Thirlwall, Economic Growth in an Open Developing Economy: The Role of Structure and Demand (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 200 pp pp. 550-552

Mark Setterfield

Volume 2, issue 3, 2014

Endogenous money and effective demand pp. 271-291

Steve Keen

Bank credit, financial intermediation and the distribution of national income all matter to macroeconomics pp. 292-311

Brett Fiebiger

Aggregate demand, endogenous money, and debt: a Keynesian critique of Keen and an alternative theoretical framework pp. 312-320

Thomas Palley

A comment on 'Endogenous money and effective demand': a revolution or a step backwards? pp. 321-332

Marc Lavoie

The political economy of public investment and public finance: challenges for social democratic policies pp. 333-364

Jamee K. Moudud and Francisco Martinez-Hernandez

Political contest, policy control, and inequality in the United States pp. 365-383

Mark Stelzner

A new interpretation of Kaldor's first growth law for open developing economies pp. 384-398

Penélope Pacheco-López and Anthony Thirlwall

Book review: Jack Rasmus, Obama's Economy: Recovery for the Few (Pluto Press, London, UK 2012) 216 pp pp. 400-402

John Hall

Book review: Hasan Cömert, Central Banks and Financial Markets: The Declining Power of US Monetary Policy (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2013) 224 pp pp. 403-405

Joshua Wojnilower

Book review: Anastosios Korkotsides, Against Utility-Based Economics: On a Life-Based Approach (Routledge, Oxfordshire, UK and New York, NY, USA 2013) 296 pp pp. 406-409

Philip Pilkington

Volume 2, issue 2, 2014

Editorial Introduction: Labor Markets, Institutions, and the Political Economy of Power: Towards a Reconceptualization of the Policy Framework pp. 129-133

Jamee K. Moudud and Ipek Ilkkaracan

Workplace relations, unemployment and finance-dominated capitalism pp. 134-146

Gary Slater and David A. Spencer

'Dark as a dungeon': technological change and government policy in the deunionization of the American coal industry pp. 147-170

Kimberly ChristenseN

Workers without employers: shadow corporations and the rise of the gig economy pp. 171-188

Gerald Friedman

Do prevailing wage laws increase total construction costs? pp. 189-206

Fadhel Kaboub and Michael Kelsay

Similar structures, different outcomes: corporatism's resilience and transformation (1974–2005) pp. 207-233

Lucio Baccaro

The political sources of labor market dualism in post-industrial democracies, 1975–2011 pp. 234-257

Duane Swank

Book review - R. Fiorentini and G. Montani, The New Global Political Economy: From Crisis to Supranational Integration (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 256 pp pp. 258-261

Mehdi Ben Guirat

Book review - Adair Turner, Economics after the Crisis: Objectives and Means (MIT Press, Cambridge, MA, USA 2012) 128 pp pp. 262-265

Brian MacLean

Book review: Charles J. Whalen (ed), Financial Instability and Economic Security after the Great Recession (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2011) 240 pp pp. 266-270

Samba Diop

Volume 2, issue 1, 2014

The neoclassical sink and the heterodox spiral: political divides and lines of communication in economics pp. 1-19

Gary Dymski

Financial integration and national autonomy: China and India pp. 20-44

Sunanda Sen

Conflicting claims in the eurozone? Austerity's myopia and the need for a European Federal Union in a post-Keynesian eurozone center–periphery model pp. 45-70

Alberto Botta

The shackling of free money: lessons from Parguez and Argentina pp. 71-86

Wesley Marshall

Time scales and mechanisms of economic cycles: a review of theories of long waves pp. 87-107

Lucas Bernard, Aleksandr Gevorkyan, Thomas Palley and Willi Semmler

A fiscal paradox and post-Keynesian economics: a comment on Palley pp. 108-115

Thomas Michl

A fiscal paradox and post-Keynesian economics: a response pp. 116-117

Thomas Palley

Errata in 'Exploring the supply side of Kaldorian growth models', Review of Keynesian Economics, 1 (1), 22–36 (2013) pp. 118-118

Mark Setterfield

Book review: Wallace E. Oates, Fiscal Federalism, reprinted edition (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2011) 256 pp.* pp. 119-121

Noemi Levy-Orlik

Book review: Jan Toporowski and Jo Michell (eds), Handbook of Critical Issues in Finance (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 336 pp pp. 122-124

Marcelo Milan

Book review: Charles A.E. Goodhart and Dimitrios P. Tsomocos, Financial Stability in Practice: Towards an Uncertain Future (Edward Elgar, Cheltenham, UK and Northampton, MA, USA 2012) 552 pp pp. 125-127

Salewa Yinka Olawoye