Foundations of International Economics: Post-Keynesian Perspectives

by Deprez; Johan

• ISBN13: 9780415146517
• ISBN10: 0415146518
• Edition: 1st
• Format: Nonspecific Binding
• Copyright: 1999-07-20
• Publisher: Routledge

Summary

Foundations of International Economicsis an up-to-date collection of work from leading post-Keynesian scholars on international economics and trade. It covers all the major areas in international economics, with the Post-Keynesian approach giving a welcome fresh perspective. Representing cutting-edge research, chapters feature studies of payment schemes, exchange rate determination, open economy macroeconomics, developing country issues, capital flows, balance of payments constraints, liquidity preference, Fordism and the role of technology in trade. beyond the specifics of each contribution, this collection as a whole suggests the usefulness of the Post-Keynesian paradigm in addressing complex issues of global interdependence. Contributors: Philip Arestis, Robert Blecker, Paul Davidson, Sheila Dow, Bruce Elmslie, Ilene Grabel, John McCombie, Eleni Paliginis, A. P. Thirlwall, L. Randall Wray.

Table of Contents

Introduction

Foreign Trade

International Trade and Mobile Technology

A Dynamic Model of Absolute Advantage

Open Economy Macroeconomics

A Kaleckian Macro Model for an Open Economy

Aggregate Supply and Demand in an Open-Economy Framework

The Balance of Payments and Growth

International Payments Systems

Global Full Employment and the Reform of the International Monetary System

The Development and Reform of the Modern International Financial System

Exchange Rates Determination

Exchange Rate and Expectations

Development

Industrialization in the Periphery: The Case of the EU and NAFTA

International Liquidity Preference and Endogenous Credit Creation

Marketing Mexico: The Contradiction of Financing Development with Portfolio Investment

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