Money and Macrodynamics : Alfred Elchner and Post-Keynesian Economics Book

Contents: Introduction: Alfred Eicher and the State of Post-Keynesian Economics. I. The Link Between Micro and Macro: 1. Was Alfred Eichner a System Dynamicist?/Michael J. Radzicki. 2. Alfred Eichner’s Missing ‘Complete Model’: A Heterodox Micro-Macro Model of a Monetary Production Economy/Fred S. Lee. 3. Macro Effects of Investment Decisions, Debt Management and the Corporate Levy/Elettra Agliardi. 4. Pricing and the Financing of Investment:Is There a Macroeconomic Basis for Eichnerian Microeconomic Analysis?/Mario Seccareccia. II: Competition and the Globalized World. 5. The Macroeconomics of Competition : Stability and Growth Questions/Malcolm Sawyer and Nina Shapiro. 6. The Megacorp in a Global Economy/Matthew Fung. 7. Pricing and Profits Under Globalized Production: A Post Keynesian Perspective on U.S. Economic Hegemony/William Milberg. III: Credit, Money and Central Banking. 8. Eichner’s Theory of Endogenous Credit-Money/Robert P. Guttmann. 9. Eichner’s Monetary Economics: Ahead of its Time/Marc Lavoie. 10. Alfred Eichner, Post-Keynesians, and Money’s Endogeneity: Filling in the Horizontalist Black Box/Louis-Philippe Rochon. Index.

Alfred Eichner’s pioneering contributions to post-Keynesian economics offered significant insights on the way modern economies and institutions actually work. His masterwork Macrodynamics of Advanced Market Economies contains rich chapters on dynamics and growth, investment, finance and income distribution, a wonderful chapter on state and fiscal policy and two analytical chapters on endogenous money that are, in many respects, years ahead of their time. By exploring these ideas, the ideas, the editors and contributors of this volume address a number of contemporary policy issues, such as current issues in monetary policy, effective demand investment finance and economic growth. This volume celebrates Eichners rich contributions to post-Keynesian economics and marks the twentieth anniversary of the publication of his Macrodynamics.