Credit, Money and Crises in Post-Keynesian Economics

Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy, Editor-in-Chief, Challenge, Founding Editor Emeritus, Review of Keynesian Economics and Director, Monetary Policy Institute and Hassan Bougrine, Full Professor, Laurentian University, Canada

• Contents:INTRODUCTIONLouis-Philippe Rochon and Hassan BougrinePART 1: MONEY, INCOME DISTRIBUTION AND POST-KEYNESIAN ECONOMICS1. Celebrating PioneersLouis-Philippe Rochon and Hassan Bougrine 2. Understanding Credit-Money: Lavoie and Seccareccia’s Contribution to Monetary Theory Robert Guttmann3. Money, State and Growth of Welfare: Fighting the dangerous transformation of capitalismAlain Parguez and Slim Thabet4. Two Easy PiecesRiccardo Bellofiore 5. The Role of Stabilization Policies in the New Consensus Macroeconomics (NCM): Modern Lessons from John Kenneth Galbraith Giuseppe Fontana6. The Macroeconomic Dimension of MoneyVirginie Monvoisin and Jean-Francois Ponsot7. The Theory of Money, Interest and UnemploymentHassan Bougrine8. International Money: Where do we stand?Claude Gnos and Sergio Rossi9. Endogenous Money, Liquidity Preference and Confidence: For a qualitative theory of moneyEdwin Le Heron10. High Finance, Political Money, and the U.S. Congress:A Quantitative Assessment of the Campaign to Roll Back Dodd-Frank Thomas Ferguson, Paul Jorgensen, and Jie Chen11. International Rentiers, Finance and Income Distribution:A Latin American and post-Keynesian PerspectiveEsteban Pérez Caldentey and Matías VernengoPART 2: CRISES AND POST-KEYNESIAN ECONOMICS12. Is Macro in Crisis?Sheila Dow 13. Stagnation and Crisis:  Understanding Credit Flows in Latin America from a Circuitist PerspectiveEugenia Correa and Wesley Marshall14. Secular Stagnation and the Curse of Contemporary Eldorados: What ever happened to broad-impact products?Laurent Cordonnier15. Seccareccia and Lavoie on Financial Crises: Linking the Real and Financial Sectors of the Economy: The Major Contribution of Post-KeynesiansJoelle Leclaire16. On the changing nature and geography of crises: lessons for a sustainable internationalization Pascal Petit 17. Banking and Financial CrisesJan ToporowskiIndex

'This is an outstanding, wide-ranging collection of seventeen state-of-the-art essays on endogenous money, banking and monetary policy. The riveting essays are deeply engaging, well written, with a keen eye on current real-world developments and great clarity in exposition. The analyses are solidly grounded in the history of economic thought and all authors bring a commendable commitment to not just understand the world of money and banking, but also to improve the workings of our monetary economies for the common good. A must read.'--Servaas Storm, Delft University of Technology, the Netherlands