New Book: Money, Method and Contemporary Post-Keynesian Economics

Edited by Sheila Dow, Jesper Jespersen, and Geoff Tily. From Edward Elgar: This volume concentrates on contemporary Post-Keynesian contributions in money, method and economic policy. Post-Keynesian economics shares with Keynes the ambition of understanding the economy as a whole and as an integrated part of society. The book begins by analysing money, banks and finance … More New Book: Money, Method and Contemporary Post-Keynesian Economics

New Book: The Economy’s Other Half – How Taking Gender Seriously Transforms Macroeconomics

By James Heintz. From Columbia University Press: Choices made in macroeconomic policies—such as government spending, taxation, monetary policy, and financial regulation—have distinct distributive consequences for women and men. They also shape the constraints within which efforts to advance gender equality must operate. The implications of gender dynamics for macroeconomics extends beyond consideration of distributive outcomes. … More New Book: The Economy’s Other Half – How Taking Gender Seriously Transforms Macroeconomics

An Embarrassment of Riches and a Surplus of Shame: Can the Rich be Poor?

By Mark Peacock, This theoretical contribution to poverty studies investigates Amartya Sen’s work as a basis for examining poverty. Sen discusses two social capabilities, each essential to the avoidance of poverty; one is the ability to appear in public without feeling shame, the other the ability to participate in the life of the community. This … More An Embarrassment of Riches and a Surplus of Shame: Can the Rich be Poor?

Is MMT “America First” Economics?

By Gerald Epstein, Modern Money Theory (MMT) has recently gained a remarkable amount of attention. This has stemmed largely from the “shout-outs” it has received from prominent progressive politicians such as Alexandria Ocasio-Cortez. Its recent appearances in the news and social media have also drawn a variety of criticisms from economists of different stripes. Though … More Is MMT “America First” Economics?

New Book: Marx’s Capital – An Unfinishable Project?

Edited by Gerald Hubmann & Marcel van der Linden. From Haymarket Books: For almost 150 years, scholars have been debating how to interpret Marx’s seminal work Capital while they had access to just some of Marx’s economic manuscripts. This changed in 2013 with the publication of all the known economic writings of Marx and Engels … More New Book: Marx’s Capital – An Unfinishable Project?

Modern Monetary Realism

By James K. Galbraith, Is Modern Monetary Theory (MMT) a potential boon to economic policymakers, or, as Harvard’s Kenneth Rogoff recently argued, a threat to “the entire global financial system” and the front line of the “next battle for central-bank independence”? For Rogoff, the threat seems to stem partly from the fear that MMT adherents … More Modern Monetary Realism