Capitalism, Macroeconomics and Reality

Contents:

Introduction
PART I: METHODOLOGY AND THEORY AS IF REALITY MATTERED: FRIEDMAN VS. KEYNES, MARX AND MINSKY
1. The Realism of Assumptions Does Matter: Why Keynes-Minsky Theory Must Replace Efficient Market Theory as the Guide to Financial Regulation Policy

2. Are Keynesian Uncertainty and Macrotheory Compatible? Conventional Decision Making, Institutional Structures and Conditional Stability in Keynesian Macromodels

3. The Centrality of Money, Credit and Financial Intermediation in Marx's Crisis Theory: An Interpretation of Marx's Methodology

PART II: UNDERSTANDING THE GREAT FINANCIAL CRISIS OF 2007-2008
4. If Financial Market Competition is Intense, Why are Financial Firm Profits so High?: Reflections on the Current "Golden Age" of Finance

5. Structural Causes of the Global Financial Crisis: A Critical Assessment of the "New Financial Architecture"

6. How Bonus-Driven "Rainmaker" Financial Firms Enrich Top Employees, Destroy Shareholder Value and Create Systemic Financial Instability

PART III: KEYNES, THE "KEYNESIANS" AND "NEW KEYNESIANS" ON INVESTMENT THEORY
7. Is New Keynesian Investment Theory Really "Keynesian"?: Reflections on Fazzari and Variato

8. Owner-Manager Conflict and Financial Theories of Investment Instability: A Critical Assessment of Keynes, Tobin and Minsky

PART IV: COMPETITION, GLOBALIZATION, ACCUMULATION AND FINANCIALIZATION IN THE SPIRIT OF MARX, SCHUMPETER AND KEYNES
9. Rethinking Marxian Investment Theory: Keynes-Minsky Instability, Competitive Regime Shifts and Coerced Investment

10. Core Industries, Coercive Competition and the Structural Contradictions of Global Neoliberalism

11. The Neoliberal Paradox: The Impact of Destructive Product Market Competition and Modern Financial Markets on Nonfinancial Corporation Performance in the Neoliberal Era

PART V: RADICAL THEORY, CLASS CONFLICT AND POLICY IN THE US AND ABROAD
12. Was Keynes a Corporatist?: Keynes's Radical Views on Industrial Policy and Macro Policy in the 1920s

13. Class Conflict and Macropolicy: The Political Business Cycle

14. The Great Austerity War in the US: What Caused the US Deficit Crisis and Who Should Pay to Fix It?

15. Was IMF-Imposed Economic Regime Change in South Korea Justified: The Political Economy of the IMF

Index

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• Teoria e filosofia económica
• Economia política
• Macroeconomia

Economic methodology; neoliberal globalization; financialization; destructive competition; financial crises; Keynes-Marx-Schumpeter