Edited by Jesper Jespersen, Professor of Economics, Roskilde University and Adjunct Professor, Aalborg University, Finn Olesen, Professor of Economics and Mikael Randrup Byrialsen, Associate Professor, Aalborg University, Denmark

• Contents:Preface and acknowledgements ix1 Progressive post-Keynesian economics for the future: anintroduction 1Jesper Jespersen, Finn Olesen and Mikael Randrup ByrialsenPART I SUSTAINABLE DEVELOPMENT AND SFCMODELLING2 Modelling transition-related shocks in the green economy 9Andrew Jackson3 Economic impacts of climate change: an empiricalstock-flow consistent model for Viet Nam 25Etienne Espagne and Thi Thu Ha Nguyen4 The tensions of the “green transition” for South Americaneconomies 49Sebastian Valdecantos5 Conventional and unconventional economic policies in aneconometric SFC model of the French economy 62Jacques Mazier and Luis Reyes-Ortiz6 A quarterly empirical model for the Danish economy:a stock-flow consistent approach 85Mikael Randrup Byrialsen, Hamid Raza and Sebastian ValdecantosPART II ECONOMIC THEORY AND POLICY IMPLICATION7 Demand-led growth and macroeconomic policy regimesin the Eurozone: implications for post-pandemic economicpolicies 108Eckhard Hein8 Phillips curves, behavioral economics and post-Keynesianmacroeconomics 124Peter Skott9 How not to do monetary policy 140Louis-Philippe Rochon10 Inflation, monetary policy and the hierarchy of consumer goods 152Thibault LaurentjoyePART III METHODOLOGY AND THEORY11 On Keynes’s uncertainty: a tragic rational dilemma 170Anna Maria Carabelli12 The Principle of Effective Demand – reconsidered:‘Anything we can actually do, we can afford’ 185Jesper Jespersen13 Lucas, modern macroeconomics and the post Keynesians 198Finn Olesen14 The General Theory as a macroeconomics of power 210Geoff Tily15 Economics for the future: inspiration from the writings ofKarl Polanyi 228Mogens Ove MadsenIndex 242

‘This book is unique in the sense that it reflects the nascent broadening and transformation of Post Keynesian economics into questions about the contemporary consequences of economic activity and economic policy for the economy as a whole. More now than ever do the insights offered by Keynes as he portended the end of laissez-faire and the possibilities for our grandchildren come to the forefront in this collection of chapters by Jespersen, et al. The traditional divide between micro- and macroeconomics becomes blurred in favor of the distributional and environmental consequences of economic activity in the 21st century; as it should.’