Rethinking Macroeconomics For Employment And Development
Anis Chowdhury
The chapters in this volume were written as commentaries between mid-2008 and early-2016 in the wake of the Great Recession of 2008-2009. The primary topics around which the various essays are compiled are: (a) crisis and response, (b) fiscal policy, (c) monetary and capital account policy, (d) employment, and (e) development. The chapters not only provide a critique of mainstr...
The chapters in this volume were written as commentaries between mid-2008 and early-2016 in the wake of the Great Recession of 2008-2009. The primary topics around which the various essays are compiled are: (a) crisis and response, (b) fiscal policy, (c) monetary and capital account policy, (d) employment, and (e) development. The chapters not only provide a critique of mainstream macroeconomics, but also suggest a way forward. This volume contains an extensive introduction to synthesise the debate on macroeconomic orthodoxy and to assess the attempts at its reconstruction in light of its dismal failure in predicting the crisis and responding to it. As a background, it briefly traces the retreat of post-Great Depression Keynesian macroeconomics (with it, full employment as the primary policy goal) and the rise of new orthodoxy (concerned with a single target, inflation) that came to dominate major international financial institutions, notably the International Monetary Fund and the World Bank. It also highlights contrasting analyses of the global macroeconomic issues by the Bretton Woods Institutions (BWIs) vis-á-vis the United Nations, and their contributions to macroeconomics-development discourse. Two main conclusions about the various attempts at reconstructing macroeconomics are that they: (1) suffer from an advanced country bias, and (2) do not pay sufficient attention to employment even in developed countries. The benign neglect of developing countries in reconstructing macroeconomics is not at all surprising, as both post-Great Depression macroeconomics and its orthodox replacement evolved without paying due regard to the particular circumstances and problems of developing countries. The neglect of employment in rethinking macroeconomics shows how deeply orthodoxy still remains embedded in the major institutions, as well as among professional economists and policymakers. There is no sign of any significant shift even when a good deal of research within the BWIs themselves report findings that are contrary to conventional wisdom. Thus, unfortunately, whatever is likely to emerge as post-Great Recession macroeconomics does not seem very encouraging for employment and development. The essays compiled in this volume suggest how macroeconomics can serve the dual objectives of short-term stabilisation and long-term inclusive sustainable development goals with decent and productive employment featuring prominently for both developed and developing countries.
https://www.akal.com/libro/los-subversivos-anos-setenta_55177/La década de los años setenta fue una década de «subversivos». Ante los movimientos sociales progresistas y revolucionarios, las fuerzas del orden veían disidentes por todas partes, los cuales desafiaban a la autoridad, asediaban el orden establecido y socavaban las formas de vida tradicionales.Los subversivos años ...
De la naturaleza humana al liberalismo moderno, de Álvaro Fischer, es una ambiciosa reflexión sobre los fundamentos antropológicos y morales del orden liberal. Lejos de plantear el liberalismo como una mera construcción ideológica o histórica, el autor lo presenta como una respuesta coherente a los rasgos evolutivos de la naturaleza humana y a la dinámica social que de ellos se...
https://www.dykinson.com/libros/la-democracia-en-euskadi/9791370470524/La democracia en Euskadi ofrece un análisis riguroso y actualizado sobre el estado de la calidad democrática en la sociedad vasca en un contexto marcado por profundas transformaciones políticas, sociales y culturales. Fruto de un amplio proyecto de investigación desarrollado entre 2023 y 2025 por equipos de ...
Se habla mucho de las puertas giratorias entre la política y los negocios. De acuerdo con Rafael Méndez, periodista que trabajó durante un buen tiempo en El Confidencial y hoy está en nómina de la La Sexta, quienes franquean ese espacio con mayor regularidad no son los expolíticos, sino los altos funcionarios del Estado. Estamos ante un ensayo muy interesante, aunque algo sens...
FINALISTA DEL PREMIO AL LIBRO EUROPEO DEL AÑO El fascinante thriller político que está agitando los gabinetes de media Europa. «Apasionante. El libro plantea los importantísimos mensajes geopolíticos que emanan de una posible respuesta a una agresión.» - Ignacio de la Torre, El Mundo «Escalofriante... Una clara advertencia sobre la necesidad de la OTAN de disuadir a Putin.» - ...
Una historia fascinante sobre la idea de igualdad y su evolución a lo largo de los siglos, desde sus raíces en la Antigüedad hasta la crisis que enfrentamos en el presente.En nuestro mundo proliferan las desigualdades, inmensas y de muy diversos tipos (económicas, raciales, identitarias, nacionales...). Pero ¿cómo podemos remediarlas si no acabamos de entender lo que significa ...
Un análisis implacable que desarma la fábula del «conflicto territorial» para revelar que la verdadera enfermedad que amenaza nuestra democracia no es otra que el propio nacionalismo.«Los sueños independentistas se han convertido en la principal pesadilla política de España. Los únicos derechos históricos verdaderos son los que compartimos todos los españoles, no los invocados ...
Aquí, Diego Fusaro reprocha amargamente a la izquierda progresista posmoderna y neoliberal, ampliamente mayoritaria hoy entre las izquierdas, que tras abandonar a Marx, a Gramsci y a los trabajadores, dé cobertura y amparo al capitalismo global, que ya no ve como su principal enemigo. En efecto, hoy esa izquierda ya no tiene como objetivo la lucha contra el capital y la defensa...
https://www.tienda.edicionesgodot.com.ar/productos/desobediencia-civil-henry-david-thoreau/¿Cómo actuar cuando el gobierno exige el acatamiento a costa de la conciencia? La respuesta es clara: desobedecer. En Desobediencia civil, Henry David Thoreau expone una defensa al individuo frente al poder del Estado. Escrito en 1849, en el contexto de la esclavitud y la guerra, este ens...
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https://www.troa.es/libro/the-great-recession_10042341004234The Great RecessionThe chapters in this volume were written as commentaries between mid-2008 and early-2016 in the wake of the Great Recession of 2008-2009. The primary topics around which the various essays are compiled are: (a) crisis and response, (b) fiscal policy, (c) monetary and capital account policy, (d) employment, and (e) development. The chapters not only provide a critique of mainstream macroeconomics, but also suggest a way forward. This volume contains an extensive introduction to synthesise the debate on macroeconomic orthodoxy and to assess the attempts at its reconstruction in light of its dismal failure in predicting the crisis and responding to it. As a background, it briefly traces the retreat of post-Great Depression Keynesian macroeconomics (with it, full employment as the primary policy goal) and the rise of new orthodoxy (concerned with a single target, inflation) that came to dominate major international financial institutions, notably the International Monetary Fund and the World Bank. It also highlights contrasting analyses of the global macroeconomic issues by the Bretton Woods Institutions (BWIs) vis-á-vis the United Nations, and their contributions to macroeconomics-development discourse. Two main conclusions about the various attempts at reconstructing macroeconomics are that they: (1) suffer from an advanced country bias, and (2) do not pay sufficient attention to employment even in developed countries. The benign neglect of developing countries in reconstructing macroeconomics is not at all surprising, as both post-Great Depression macroeconomics and its orthodox replacement evolved without paying due regard to the particular circumstances and problems of developing countries. The neglect of employment in rethinking macroeconomics shows how deeply orthodoxy still remains embedded in the major institutions, as well as among professional economists and policymakers. There is no sign of any significant shift even when a good deal of research within the BWIs themselves report findings that are contrary to conventional wisdom. Thus, unfortunately, whatever is likely to emerge as post-Great Recession macroeconomics does not seem very encouraging for employment and development. The essays compiled in this volume suggest how macroeconomics can serve the dual objectives of short-term stabilisation and long-term inclusive sustainable development goals with decent and productive employment featuring prominently for both developed and developing countries. https://www.troa.es/imagenes/9781536/978153613656.webp288.22303.395.0015.17InStockhttps://www.troa.es/imagenes/9781536/978153613656.webp1623790161955116191401610418160306915918941583621158705415887361581613
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