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Introduction: What Global Economic Crisis?

Philip Arestis, Michelle Baddeley and John McCombie

Chapter 1 in What Global Economic Crisis?, 2001, pp 1-11 from Palgrave Macmillan

Abstract: Abstract The papers in this book were presented at a conference on Global Financial Crisis, held in Gonville and Caius College, Cambridge, UK, in early September 1999. The idea for the conference (and accompanying book) evolved during the Fifth Post Keynesian Workshop, held in Knoxville, Tennessee, in June 1998. At this workshop a number of us discussed our concern that economics has a reputation for being an excessively esoteric discipline; the opportunities to bridge the gap between economic theorizing and real-world policy-making are becoming increasingly limited. In addition, the increasing factionalism within economics is perhaps stifling important debates on issues of great concern to anyone interested in economic, social and political welfare. Thus, the aims of our conference were to make an important and lasting contribution to the policy debates, without adhering to any one dogmatic tradition. A further and no less important reason for the conference was to present to John Cornwall with his Festschrift.

Keywords: Exchange Rate; European Central Bank; Competition Policy; Flexible Exchange Rate; Efficient Market Hypothesis (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-99274-6_1

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DOI: 10.1057/9780333992746_1

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