This timely book is devoted to the advance of post-Keynesian economics, covering the last ten years of persistent and nuanced disparities in many dimensions of macroeconomic 'reality'.
Taking a pluralistic approach to modern Keynesian economics, the book presents innovative contributions to methodology, analyses of financialization and macroeconomic modeling. It explores how to model a complex macro-system at a time when economic uncertainty is dominant. Rich case studies examine increasing macroeconomic imbalances, paving the way for a better understanding of the political challenges of the future. With chapters dedicated to teaching macroeconomics, the book adopts a practical stance, exploring the notion of moving away from mathematical modeling towards problem-based learning.
Provocative and comprehensive, this book is crucial reading for all macroeconomists, from academic researchers to ministerial officials, seeking guidance on dealing with macroeconomic 'reality'. Postgraduate students of heterodox economics and political economy will also benefit from the innovative contributions of top post-Keynesian scholars, offering an alternative understanding of contemporary macroeconomic theory.
'Progressive Post-Keynesian Economics exemplifies beautifully the badly needed approach to economic theory and policy, which starts from real-life economic problems and is open to genuine dialogue with other approaches and social sciences. Discussing many key aspects of post-Keynesian theory, policy and teaching in an open-minded and realist manner, this book provides solid building blocks for a 21st century political economy that integrates insights and draws conceptions from a diversity of approaches. The era of one-sided abstract mathematical modelling that is detached from reality yet often functions as free-market ideology is over. Highly recommended!'
– Heikki Patomäki, University of Helsinki, Finland
Contributors: M.R. Byrialsen, S. Dow, A. Fasianos, B. Gudmundsson, D. Guevara, E. Hein, G Hill, J. Holm Ingemann, M. Lykketoft, J. Jespersen, M.O. Madsen, P.T. Madsen, F. Olesen, C. Pierros, H. Raza, M. Sawyer, U. ªener, P. Skott, S. Voss, G. Zoega.
Edited by Jesper Jespersen, Professor of Economics, Roskilde University and Aalborg University and Finn Olesen, Professor of Economics, Aalborg University, Denmark.