A Modern Guide to Keynesian Macroeconomics and Economic Policies

Edited by Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law, Germany and Engelbert Stockhammer, King's College London, UK

This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.

‘The essays in this book are of the highest quality and give a substantial account of a strand of current heterodox thought.’
– Victoria Chick, Wirtschaft und Gesellschaft

‘For more than a decade, most macroeconomists convinced themselves they were witnessing a “Great Moderation”. Many Keynesians saw instead the accumulation of a fragility and potential instability that have become dramatically manifest since 2007. The premise of this book is that the financial crisis and Great Recession necessitate a revival of Keynesian macroeconomics, emphasizing the central roles of effective demand, money and finance in modern capitalism. Comprising essays on all aspects of macroeconomic theory and policy, the book will prove invaluable for scholars and graduate students seeking to acquaint themselves with the frontiers of modern Keynesian macroeconomics.’
– Mark Setterfield, Trinity College, US