EMPLOYMENT, GROWTH AND FINANCE

Edited by the late Paul Davidson, formerly Holly Chair of Excellence Emeritus, University of Tennessee, US and Founding Editor of the Journal of Post Keynesian Economics and J.A. Kregel, Professor of Political Economy, University of Bologna, Italy

• Part 1 Employment: The intellectual and institutional requirements for full employment, Malcolm Sawyer; the psychological costs of unemployment and unemployment hysteresis - theory and evidence, Arthur B. Goldsmith, Jonathan R. Veum, William Darity Jr.; aggregate and household behaviour - poverty and savings, David Bunting; the guaranteed minimum income as a proposal to remove poverty in Brazil, Eduardo Matarazzo, Suplicy and Samir Cury; the influence of changes in income distribution on aggregate demand in a Kaleckian model - stagflation vs exhilaration reconsidered, Tracy Mott, Edward Slattery; ownership and management, Nina Shapiro. Part 2 Growth: What's so "new" about the "new" theories of technical change? - Adam Smith, Robert Lucas Jr and economic growth, William Darity Jr; recent developments in growth theory - a post-Keynesian response, Mark Setterfield; structural change and productivity in OECD, John Cornwall, Wendy Cornwall; Part 3 Finance: Full employment and economic growth as an objective of economic policy - some thoughts on the limits of capitalism, Hyman Minsky; global protfolio allocation, hedging, and September 1992 in the European monetary system, Jan A. Kregel; the role of the Basle committee on banking supervision in the regulation of international banking, Andrew Cornford; is there an economic (neo-classical) explanation for the magic of the technical analysis of stock markets, Andrea Terzi; can capitalism be built through shortcuts? lessons from Poland's economic reform, Edward K. Zajicek.

’. . . the book will be of interest to anyone who would like a sample of post Keynesian view on some important economic issues.’