Synopses & Reviews
Microeconomics, Macroeconomics and Economic Policy are at the core of research and study in economics. The essays in this volume have been specifically commissioned and brought together to celebrate the work of Malcolm Sawyer, who has made substantial contributions in these areas.
Synopsis
Democracy in Southeast Asia is in crisis. The contributors to this volume argue that this is a crisis of democratic governance. They look into its causes, consequences, and prospects, comparing themes of democratic governance in Southeast Asia, such as political culture, civil society, political parties, and institutions and human rights.
About the Author
PHILIP ARESTIS is Honorary Senior Departmental Fellow, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK; Professor of Economics, Department of Applied Economics V, University of the Basque Country, Spain; Distinguished Adjunct Professor of Economics, Department of Economics, University of Utah, US; Senior Scholar, Levy Economics Institute, New York, US; Visiting Professor, Leeds Business School, University of Leeds, UK; Professorial Research Associate, Department of Finance and Management Studies, School of Oriental and African Studies (SOAS), University of London, UK; and current holder of the British Hispanic Foundation 'Queen Victoria Eugenia' British Hispanic Chair of Doctoral Studies. He is Chief Academic Adviser to the UK Government Economic Service (GES) on Professional Developments in Economics. He has published as sole author or editor, as well as co-author and co-editor, a number of books, contributed in the form of invited chapters to numerous books, produced research reports for research institutes, and has published widely in academic journals.
Table of Contents
Introduction: Malcolm Sawyer: An Appreciation;
P.Arestis PART I: MICROECONOMICS
The Function of Firms: Alternative Views; N.Shapiro
Industrial Structure and the Macro-economy; K.Cowling & P.Tomlinson
Unemployment, Power Relations, and the Quality of Work; D.Spencer
The Problem of Young People Not in Employment, Education or Training: Is there a Need for Solution?; J.McCombie & M.Pike
The Business of Macro Imbalances: Comparing 'Gluts' in Savings, Money and Profits; W.Milberg & L.Schmitz
PART II: MACROECONOMICS
A Critical Appraisal of the New Consensus Macroeconomics; P.Arestis
Bringing Together the Horizontalist and the Structuralist Analyses of Endogenous Money; G.Fontana
Economic Growth and Income Distribution: Kalecki, the Kaleckians and their Critics; A.Krishna Dutt
The Influence of Kalecki on Joan Robinson's Approach to Economics; G.Harcourt & P.Kriesler
Shared Ideas Amid Mutual Incomprehension: Kalecki and Cambridge; J.Toporowski
PART III: ECONOMIC POLICY
Is There a Role for Active Fiscal Policies? Supply-side and Demand-side Effects of Fiscal Policies; J.Ferreiro, T.Garcia del Valle, C.Gomez & F.Serrano
Fiscal Policy and Private Investment in Mexico; E.Caballero & J.López
A Keynes-Kalecki Model of Cyclical Growth with Agent-Based Features; M.Setterfield & A.Budd
Unsurprising to Keynes, Shocking to Economists: The Normalization of Capital Controls in the Global Financial Crisis; I.Grabel
Regulating Wall Street: Exploring the Political Economy of the Possible; G.Epstein & R.Pollin