Critique of the New Consensus Macroeconomics and Implications for India

Front Matter ....Pages i-xxvii
 Keynesian Economics: Brief Overview  (Dilip M. Nachane)....Pages 1-38
 The Resurgence of Neoclassicism  (Dilip M. Nachane)....Pages 39-60
 New Classical Economics and Real Business Cycle Theory  (Dilip M. Nachane)....Pages 61-81
 Towards a New Synthesis: New Consensus Macroeconomics  (Dilip M. Nachane)....Pages 83-108
 Inception of the Global Crisis in the USA  (Dilip M. Nachane)....Pages 109-140
 Universalization of the US Financial Crisis  (Dilip M. Nachane)....Pages 141-176
 Austrian Business Cycle Theory and the GFC  (Dilip M. Nachane)....Pages 177-191
 The Crisis: A Minsky Moment?  (Dilip M. Nachane)....Pages 193-204
 The Global Crisis According to Post-Keynesians  (Dilip M. Nachane)....Pages 205-220
 Marxian Perspective on the Global Crisis: “Povorot” or “Perelom”?  (Dilip M. Nachane)....Pages 221-231
 The Post-crisis Critique of the NCM: Theoretical Aspects  (Dilip M. Nachane)....Pages 233-254
 NCM Critique: Policy Implications  (Dilip M. Nachane)....Pages 255-275
 Post-crisis NCM Theory Adaptations: Evolutionary, Revolutionary or Cosmetic?  (Dilip M. Nachane)....Pages 277-304
 Revisiting Domestic and Global Macroeconomic Policy in the Aftermath of the Global Crisis  (Dilip M. Nachane)....Pages 305-353
 Sustaining Growth with Monetary and Financial Stability in India: An Appraisal  (Dilip M. Nachane)....Pages 355-391
 By Way of Conclusion: Selected Issues in Designing a New Architecture for the Indian Financial Sector  (Dilip M. Nachane)....Pages 393-407