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Macroeconomic Theory and its Failings
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Table of Contents

Contents:

Introduction
Steven Kates

1. The Ordinary Economics of an Extraordinary Crisis
Peter J. Boettke and William J. Luther

2. Did Bernanke’s ‘Creditism’ Aggravate the Financial Crisis of 2008?
Tim Congdon

3. Toward a New Sustainable Economy
Robert Costanza

4. Looking at the Crisis through Marx – Or Is It the Other Way About?
Ben Fine

5. Incentive Divergence and the Global Financial Crisis
J. Patrick Gunning

6. The Microeconomic Foundations of Macroeconomic Disorder: An Austrian Perspective on the Great Recession of 2008
Steven Horwitz

7. The Crisis in Economic Theory: The Dead End of Keynesian Economics
Steven Kates

8. The Coming Depression and the End of Economic Delusion
Steve Keen

9. Reflections on the Global Financial Crisis
J.E. King

10. An Islamic Economic Perspective on the Global Financial Crisis
Mervyn Lewis

11. Bankers Gone Wild: The Crash of 2008
Robert E. Prasch

12. The Governance of Financial Transactions
Martin Ricketts

13. Excess Debt and Asset Deflation
Jan Toporowski

14. An Institutionalist Perspective on the Global Financial Crisis
Charles J. Whalen

15. Minsky, the Global Money-Manager Crisis, and the Return of Big Government
L. Randall Wray

Index

About the Author

Edited by Steven Kates, Senior Fellow, Centre for Labour Market Research, University of Canberra, Australia

Reviews

‘This admirable and comprehensive collection should prove of interest to anyone seeking a deeper understanding of the financial crisis.’
*Tyler Cowen, George Mason University, US*

‘The Great Crash of 2008 has raised profound questions concerning the orientation of modern economics and the adequacy of its theory. Those justifiably looking for alternatives will find this book invaluable. It contains a rich array of alternative perspectives on the crisis, and it will hopefully help stimulate the further theoretical developments that are so urgently required.’
*Geoffrey M. Hodgson, University of Hertfordshire, UK*

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