Capitalism, Macroeconomics and Reality
Capitalism, Macroeconomics and Reality
Understanding Globalization, Financialization, Competition and Crisis
Crotty, James
Edward Elgar Publishing Ltd
04/2017
448
Dura
Inglês
9781784719012
15 a 20 dias
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
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