Financial Macroeconomics

Midwest A seminal, ground-breaking, meticulous study comprised of twenty-one erudite, insightful, thought-provoking study hallmarked by meticulous and documented scholarship, ""Financial Macroeconomics"" is a significant contribution to the field of Economic Theory and unreservedly recommended for personal, professional, and college/university library Economics collections and supplemental curriculum studies lists. It should be noted for students, academia, governmental/corporate economists, and non-specialist general readers with an interest in the subject. —Midwest “This collection of essays shows why Geoffrey Harcourt often proclaimed Jan Kregel the ‘greatest living economist.’ It offers a fascinating and unparalleled journey through Kregel’s reconstruction of macroeconomics building on contributions by Gibson, Fisher, Keynes, Hayek, Hicks, Macauley, Sraffa and Samuelson to the theory of money, finance and interest rates.”  —L. Randall Wray, Senior Scholar, Levy Economics Institute, Professor of Economics, Bard College “Financial Macroeconomics is a stellar collection of essays on institutional, evolutionary and Post Keynesian economics. More than a century ago, Thorstein Veblen asked where we might find ‘surcease from the metaphysics of normality and controlling principles.’ Look no further: Kregel and Rezende have answered the call.” — James K. Galbraith, The University of Texas at Austin. “A unique collection of seminal papers by Jan Kregel, a pre eminent Post-Keynesian economist, covering important methodological issues, Keynes’ effective demand and many aspects of contemporary monetary theory and policy that challenge the conventional wisdom. The insights of the papers included here represent the best thinking of financial macroeconomics and deserve to be read widely.”  — Dimitri Papadimitriou, President Levy Economics Institute and Professor of Economics, Bard College “Jan Kregel’s erudite and thoughtful collection of essays is an account of Keynes’s economics that is unique in its scholarship and understanding of Keynes’s work, and the macroeconomics that superseded Keynesianism. What makes that account distinctive from the usual Post-Keynesian reflections is Jan Kregel’s deep understanding of finance, and the place of finance in Keynes’s thinking. This makes the essays essential reading for economists, financiers and financial reformers.” —Jan Toporowski This brilliant collection of papers will persuade the reader that the theoretical split that matters in economics is not between macro and micro. It is between equilibrium theory and the principle of shifting equilibrium in a financial economy when only the latter holds the key to understanding the capitalist system we live in. —Andrea Terzi, Professor of Economics, Franklin University Switzerland. The collection of the historical evolution of economic thought edited by the three editors represents the theoretical basis without it will not be possible to enter the infosphere, the virtual sphere towards which all our practical activity is directed. It has the merit of remembering how economics has evolved, a topic neglected by those seeking an integration between the knowledge achieved over the past centuries and modern innovative research methods based on artificial intelligence. —Paolo Savona, Chairman of Consob (the Italian SEC) and Emeritus professor of Political Economics