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Statement of the Co-Editors

Economics and the economic crisis: the case for change

Thomas Palley, Louis-Philippe Rochon and Matias Vernengo

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Claude Gnos, Louis-Philippe Rochon and Domenica Tropeano

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Edited by Claude Gnos, Louis-Philippe Rochon and Domenica Tropeano

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Employment, Growth and Development

A Post-Keynesian Approach

Edited by Claude Gnos, Louis-Philippe Rochon and Domenica Tropeano

This topical book addresses unemployment in Europe, the wrong-headed reliance on NAIRU to formulate policy, distributional conflicts and financial factors, as well as problems faced in developing countries with respect to exchange rate policy, central banking, challenges to growth, and international financial flows. In the first part of the book the chapters deal with issues related to employment policies, economic growth and development while the second part is dedicated to development and growth issues in open-economy developing countries.
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Louis-Philippe Rochon and Sergio Rossi

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Credit, Money and Macroeconomic Policy

A Post-Keynesian Approach

Edited by Claude Gnos and Louis-Philippe Rochon

With recent turmoil in financial markets around the world, this unique and up-to-date book addresses a number of challenging issues regarding monetary policy, financial markets and macroeconomic policy.
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Hassan Bougrine and Louis-Philippe Rochon

In the chapter, ‘Transformations of entrepreneurial capitalism, crises and the need for a radical change in economic policy,’ the authors argue that the financial and economic crisis that began in 2007 is part of a general breakdown in the corporate capitalist order that affects real and financial sectors alike. They identify two practices that have generated profound changes in the capitalist system, which altered the practices of financial and banking institutions, enabling financiers to concentrate their wealth independently of the productive sector. This has combined with austerity-based economic policies that have caused productive activity to stagnate below full employment levels.
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Monetary Policy and Central Banking

New Directions in Post-Keynesian Theory

Edited by Louis-Philippe Rochon and Salewa ‘Yinka Olawoye

Divided into two parts, this book presents a detailed, multi-faceted analysis of banking and monetary policy. The first part examines the role of central banks within an endogenous money framework. These chapters address post-Keynesian interest rate policy, monetary mercantilism, financial market organization and developing economies. In the second part of the book, the focus switches to the analysis of the financial crisis that began in 2007. The chapters in this section discuss the role of central banks in times of crisis.