How should Europe cope with the negative and still unfolding ecomic consequences of the current ecomic crisis? And why does Europe seem to be more conservative than the USA in dealing with the crisis? Since the outbreak of the current international ecomic crisis in 2008, the USA and many of the European countries have been tormented by high levels of unemployment and low levels of inflation, interest rates close to zero and fiscal policies of austerity. As such, the modern ecomic mainstream has been challenged by these empirical facts. Today, several years after the outbreak of the international ecomic crisis, supply side effects do t seem to be increasing employment as the modern mainstream claimed they would. Aggregate demand has to play a more important role in macroecomic analysis than hitherto. That is, there is a need for alternative explanations of how a modern macro ecomy is expected to function and how the macroecomic outcome could be manipulated by the right ecomic policy proposals. As expressed by the contents of the present book, a Post Keynesian understanding proposes such an alternative theoretically, methodologically and in terms of policy measures. This book will present new materials and approaches, especially new evidence and new views on the potential problems of public debt, the European Union and the present crisis, Central Banking, hysteresis in an agent based framework, the foundations of macroecomics and the problems of uncertainty.
Product Identifiers
Publisher
Routledge, Taylor & Francis Ltd
ISBN-10
1138124486
ISBN-13
9781138124486
eBay Product ID (ePID)
222089047
Product Key Features
Format
Hardback
Language
English
Subject
Economics: Professional & General
Dimensions
Weight
453g
Height
234mm
Width
156mm
Additional Product Features
Place of Publication
London
Spine
18mm
Edited by
Mogens Ove Madsen, Finn Olesen
Series Title
Routledge Frontiers of Political Economy
Content Note
5 Black & White Tables, 27 Black & White Line Drawings
Author Biography
Mogens Ove Madsen is Associate Professor at the Department of Business and Management, Aalborg University, Denmark Finn Olesen is Professor at the Department of Business and Management, Aalborg University, Denmark