Contributions to Economic Theory, Policy, Development and Finance Essays in Honor of Jan A. Kregel

by Papadimitriou, Dimitri B.

• ISBN13: 9781137450951
• ISBN10: 1137450959
• Format: Hardcover
• Copyright: 2014-11-24
• Publisher: Palgrave Macmillan

Summary

Jan A. Kregel is a prominent Post-Keynesian economist. This study combines lessons drawn from events and experiences of developing countries and examines them in relation to his ideas on economics and development.

This collection brings together distinguished scholars who have been influenced by Kregel's prodigious contributions to the fields of economic theory and policy. The chapters cover and extend many topics analyzed in Kregel's published work, including monetary economic theory and policy, aspects of the Cambridge (UK and US) controversies, Sraffa's critique on neoclassical value and distribution theory, Post- Keynesianism, employment policy, obstacles in financing development, trade and development theories, causes and lessons from the financial crises in East Asia, Latin America and Europe, Minskyan-Kregel theories of financial instability and global governance. Combining rigorous scholarly assessment of the issues, the contributors seek to offer solutions to the debates on economic theory and the problem of continuing high unemployment, to identify the factors that determine economic expansion, and to analyze the impact of financial crises on systemic stability, markets, institutions, and international regulations on domestic and global economic performance.

The scope and comprehensive analyses found in this volume will be of interest to economists and scholars of economics, finance and development.

Author Biography

Dimitri B. Papadimitriou is President of the Levy Economics Institute, Executive Vice President and Jerome Levy Professor of Economics at Bard College and Managing Director of Bard College Berlin. He was vice-chairman of the congressional US Trade Deficit Review Commission of the US Congress and has testified in the US Senate and Congressional Committee Hearings on Banking and Finance and Small Business. He is a member of the editorial boards of Challenge and the Bulletin of Political Economy. He is author and editor of the Levy Institute Advanced Research in Economic Policy book series and has authored many articles to professional journals.

Table of Contents

1. Introduction (to follow)
2. The Reconstruction of Political Economy: Alternative, Parallel Paths to Rediscovering the Distinctively Classical Surplus Approach; Mathew Forstater
3. Post-Keynesian, Post-Sraffian Economics: An Outline; Alessandro Roncaglia and Mario Tonveronachi
4. Money in The General Theory: The Contributions of Jan Kregel; L. Randall Wray
5. A Financial Analysis of Monetary Systems; Eric Tymoigne
6. Full Employment, Inflation and Income Distribution: Evaluating the Impact of Alternative Fiscal Policies; Pavlina R. Tcherneva
7. Can Employment Schemes Work? The Case of the Rural Employment Guarantee in India; Jayati Ghosh
8. Development Theory: Convergence, Catch-up or Leapfrogging? A Schumpeter-Minsky-Kregel Approach; Leonardo Burlamaqui and Rainer Kattel
9. The Access to Demand; Luiz Carlos Bresser-Pereira
10. Development Finance in the Era of Financial Liberalization; C.P. Chandrasekhar
11. From Miracle to Stagnation: The Last Two Stages of Mexico's Economic Development For Jan Kregel: The only Keynesian economist capable of eating Chiles en Nogada at 11 PM without fatal consequences; Julio López Gallardo
12. The New Millennium Argentine Saga: From Crisis to Success and From Success to Failure; Mario Damill, Roberto Frenkel and Martín Rapetti
13. Global Governance for Financial Stability; Stephany Griffith-Jones and José Antonio Ocampo
14. What Did We Learn from the 1997¬-1998 East Asian Crises?; Jomo Kwame Sundaram
15. Financial Crises and Countermovements: Comparing the Times and Attitudes of Marriner Eccles (1930s) and Mario Draghi (2010s); Erik S. Reinert
16. Can Basel III Work When Basel II Didn't?; Fernando J. Cardim de Carvalho