Modern Guide to Post-Keynesian Institutional Economics

Edited by Charles J. Whalen, Research Fellow, The Baldy Center for Law and Social Policy, University at Buffalo, Buffalo, NY, US

• Contents:PART I INTRODUCTION1 Introduction to the history, contours, and frontiers ofPost-Keynesian Institutional economics 2Charles J. WhalenPART II MONEY MANAGER CAPITALISM2 The transition from managerial to money managercapitalism: the role of risk and its distribution 36David A. Zalewski3 Financialization and employment: a Post-KeynesianInstitutionalist understanding of the transnationalcorporation under money manager capitalism 59Avraham I. Baranes4 Money manager capitalism and the coronavirus pandemic 89Yan Liang and Charles J. Whalen5 Wealth inequality, household debt, and macroeconomic instability 121Christian E. Weller and Emek Karakilic6 Labor-market institutions matter: inequality, wage policy,and worker well-being 144Oren M. Levin-WaldmanPART III CONCEPTS AND METHODS7 Social capital and public policy: the role of civil society intransforming the state 173Asimina Christoforou8 Constructing an economically democratic society in theformer Soviet Union: Post-Keynesian Institutionalistinsights in historical perspective 194Anna Klimina9 A Post-Keynesian Institutionalist perspective from LatinAmerica: the monetary circuit across stages of development 216Alicia Girón10 What do economists really mean? Post-KeynesianInstitutionalists as economic translators 230Timothy A. Wunder11 Stock-flow consistent macroeconomic modeling andPost-Keynesian Institutionalism 253Marc LavoiePART IV THEORIES AND SYNTHESES12 The market for labor in Post-Keynesian Institutionalism:a theoretical framework 274Eduardo Fernández-Huerga13 The cyclical evolution of financial regulation: a theoreticalexplanation 299Samba Diop14 From Public Choice to Minskyan collective action: thecase for macro rationality-based financial regulation 322Faruk Ülgen15 Women’s work and its conceptualization inPost-Keynesian Institutionalism 339Anna Zachorowska-Mazurkiewicz16 Toward real sustainability: incorporating insight fromEcological economics into Post-Keynesian Institutionalism 359Charles J. WhalenIndex

‘Charles Whalen and his contributors have distilled the core strengths of Post Keynesian, Evolutionary, and Institutionalist economics into a state-of-the-art review of Post-Keynesian Institutionalism. This book makes the strongest case for placing that tradition in the contemporary arsenal of scholars of economics and political economy.’