Foundations of International Economics: Post-Keynesian Perspectives

by Deprez; Johan

• ISBN13: 9780415146500
• ISBN10: 041514650X
• Edition: 1st
• Format: Hardcover
• Copyright: 1999-07-19
• 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

List of figures	vii	(1)
List of tables	viii	(1)
List of contributors	ix	(1)
Acknowledgements	x
1 Introduction	1	(6)
JOHAN DEPREZ
JOHN T. HARVEY
PART I Balance of payments issues	7	(84)
2 Global employment and open economy macroeconomics	9	(26)
PAUL DAVIDSON
3 Growth in an international context: a Post Keynesian view	35	(56)
JOHN S. L. McCOMBIE
A. P. THIRLWALL
PART II Open economy macroeconomics	91	(60)
4 Aggregate supply and demand in an open economy framework	93	(23)
JOHAN DEPREZ
5 Kaleckian macro models for open economies	116	(35)
ROBERT BLECKER
PART III International money and exchange rates	151	(62)
6 International liquidity preference and endogenous credit creation	153	(18)
SHEILA C. DOW
7 The development and reform of the modern international monetary system	171	(29)
L. RANDALL WRAY
8 Exchange rates: volatility and misalignment in the post-Bretton Woods era	200	(13)
JOHN T. HARVEY
PART IV Real and portfolio capital flows and the role of technology	213	(60)
9 Globalisation of production and industrialisation in the periphery: the case of the EU and NAFTA	215	(14)
PHILIP ARESTIS
ELENI PALIGINIS
10 Emerging stock markets and Third World development: the Post-Keynesian case for pessimism	229	(19)
ILENE GRABEL
11 A primer on technology gap theory and empirics	248	(25)
BRUCE ELMSLIE
FLAVIO VIEIRA
Author Index	273	(4)
Subject Index	277