ABSTRACT

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,

chapter 1|6 pages

Introduction

ByJohan Deprez, John T. Harvey

part |2 pages

Part I Balance of payments issues

chapter 2|26 pages

Global employment and open economy macroeconomics

ByPaul Davidson

chapter 3|56 pages

Growth in an international context

A Post Keynesian view
ByJohn S. L. McCombie, A. P. Thirlwall

part |2 pages

Part II Open economy macroeconomics

chapter 4|23 pages

Aggregate supply and demand in an open economy framework

ByJohan Deprez

chapter 5|35 pages

Kaleckian macro models for open economies

ByRobert Blecker

part |2 pages

Part III International money and exchange rates

chapter 6|18 pages

International liquidity preference and endogenous credit creation

BySheila C. Dow

chapter 8|13 pages

Exchange rates

Volatility and misalignment in the post-Bretton Woods era
ByJohn T. Harvey

part |2 pages

Part IV Real and portfolio capital flows and the role of technology

chapter 9|14 pages

Globalisation of production and industrialisation in the periphery

The case of the EU and NAFTA
ByPhilip Arestis, Eleni Paliginis

chapter 10|19 pages

Emerging stock markets and Third World development: the Post-Keynesian case for pessimism

The Post Keynesian case for pessimism
ByIlene Grabel

chapter 11|25 pages

A primer on technology gap theory and empirics

ByBruce Elmslie, Flavio Vieira