Money, Distribution and Economic Policy

Edited by Eckhard Hein, Professor of Economics, Institute for International Political Economy, Berlin School of Economics and Law and Achim Truger, Professor of Economics, Berlin School of Economics and Law, Germany

• Contents:IntroductionEckhard Hein and Achim TrugerPART I: HETERODOX ECONOMIC THEORY AND MONEY IN MACROECONOMICS1. What is the Cambridge Approach to Economics? G.C. Harcourt2. Heterodox Economics: A Common Challenge to Mainstream Economics? Sheila Dow3. Elements of a Monetary Theory of Production Trevor Evans, Michael Heine and Hansjörg Herr4. The Monetary Circuit Approach: A Stock-flow Consistent Model Jean-Vincent Accoce and Tarik MouakilPART II: DISTRIBUTION AND AGGREGATE DEMAND5. What Drives Profits? An Income-spending Model Olivier Giovannoni and Alain Parguez6. Wages and Aggregate Demand: An Empirical Investigation for France Stefan Ederer and Engelbert StockhammerPART III: ECONOMIC POLICIES7. New Institutions for a New Economic Policy Jesús Ferreiro and Felipe Serrano8. Structural Reforms and Macroeconomic Policy – The Example of GermanyGustav A. Horn9. Theories of Fiscal Policies and Fiscal Policies in the EMUAnthony J. Laramie and Douglas Mair10. The Link between Fiscal and Monetary Policy – Lessons for Germany from Japan Richard A. Werner11. Monetary Policy, Macroeconomic Policy Mix and Economic Performance in the Euro Area Eckhard Hein and Achim TrugerIndex

'Empirical content is refreshingly prominent in the majority of the essays on the role of money, the impact of distribution, and the effects of policy. . . the volume as a whole should be of interest to (and deserves to be read by) both professionals and advanced students who are looking for a comprehensive introduction to the method, theory and application of heterodox macroeconomics.'