Foundations of International Economics: Post-Keynesian Perspectives

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Johan Deprez, John T. Harvey
Psychology Press, 1999 - Business & Economics - 283 pages
This unique collection presents a Post-Keynesian perspective on international economics and trade. All the major areas in international economics are covered, with the Post-Keynesian approach giving a welcome fresh perspective. The book is divided into five main sections:
* foreign trade
* open economy
* international payments systems
* exchange rate determination
* development.
Unavailable elsewhere, the readings present original, state-of-the-art research by leading Post-Keynesian scholars.
Contributors include: Philip Arestis, Robert Blecker, Paul Davidson, Sheila Dow, Bruce Elmslie, Ilene Grabel John McCombie Eleni Paliginis, A.P. Thirlwall L. Randall Wray Johan Deprez, John T. Harvey,
 

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Contents

Introduction
1
Balance of payments issues
7
Global employment and open economy macroeconomics
9
Growth in an international context A Post Keynesian view
35
Open economy macroeconomics
91
Aggregate supply and demand in an open economy framework
93
5 Kaleckian macro models for open economies
116
International money and exchange rates
151
The development and reform of the modern international monetary system
171
Exchange rates Volatility and misalignment in the postBretton Woods era
200
Real and portfolio capital flows and the role of technology
213
Globalisation of production and industrialisation in the periphery The case of the EU and NAFTA
215
Emerging stock markets and Third World development The Post Keynesian case for pessimism
229
A primer on technology gap theory and empirics
248
Author Index
273
Subject Index
277

International liquidity preference and endogenous credit
153

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