Alternative Approaches in Macroeconomics: Essays in Honour of John McCombie

Front Matter ....Pages i-xvii
 Introduction  (Philip Arestis)....Pages 1-21
 John McCombie’s Contribution to the Applied Economics of Growth in a Closed and Open Economy  (A. P. Thirlwall)....Pages 23-56
 Why Neither Samuelson’s Neoclassical Synthesis Keynesianism Nor New Keynesianism Theory Is Compatible with Keynes’s General Theory Explanation of the Cause of Unemployment  (Paul Davidson)....Pages 57-76
 The Role of Commercial Banks and Financial Intermediaries in the New Consensus Macroeconomics (NCM): A Preliminary and Critical Appraisal of Old and New Models  (Giuseppe Fontana, Marco Veronese Passarella)....Pages 77-103
 Microeconomics, Mesoeconomics and Macroeconomics  (Malcolm Sawyer)....Pages 105-126
 A Coherent Approach to Macroeconomic Theory and Economic Policies  (Philip Arestis)....Pages 127-154
 Is the Share of Income of the Top One Per cent Due to the Marginal Product of Labour or Managerial Power?  (Marta R. M. Spreafico)....Pages 155-181
 Macroeconomic Lessons from the Financialisation Process  (Jesús Ferreiro)....Pages 183-208
 Financial Instability and Speculative Bubbles: Behavioural Insights and Policy Implications  (Michelle Baddeley)....Pages 209-234
 Sophistication, Productivity and Trade: A Sectoral Investigation  (João P. Romero, Gustavo Britto)....Pages 235-267
 Urban Growth in South Asia: A View from Outer Space  (Mark Roberts)....Pages 269-302
 Production Functions, the Kaldor-Verdoorn Law and Methodology  (Marc Lavoie)....Pages 303-330
 Is the Balance of Payments Constrained Growth Rate Time-Varying? Exchange Rate Over Valuation, Policy-Induced Recessions, Deindustrialization, and Long Run Growth  (Mark Setterfield, Selen Ozcelik)....Pages 331-353
Back Matter ....Pages 355-362