This book reviews the paradigm which has come to be known as post-Keynesian economics, concentrating on the main issues that form the heart of this paradigm: money and finance; conflict in wage and price settings; the degree of monopoly and pricing in an open economy; divergence rather than convergence in the European Union; financial and economic development; economic policy and methodological issues.
Philip Arestis is Professor and Director of Research at the Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK, and Professor at the Department of Applied Economics, University of the Basque Country, Spain. He is also Distinguished Adjunct Professor of Economics at the University of Utah, USA, and Research Associate at the Levy Economics Institute, USA. He previously served as Chief Academic (External) Adviser to the UK Government Economic Service (GES) on Professional Development in Economics. He is holder of the Queen Victoria Eugenia award of the British Hispanic Chair of Doctoral Studies, and was awarded homage by the Brazilian Keynesian Association (AKB) for his contribution to the spread of Keynesianism in Brazil. He has published a number of books and papers in academic journals.