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Contents Introduction: The Need for a Heterodox Approach to Economic Analysis Louis-Philippe Rochon and Sergio Rossi PART I ECONOMICS, ECONOMIC ANALYSIS, AND ECONOMIC SYSTEMS 1. What is Economics? Louis-Philippe Rochon and Sergio Rossi 2. The History of Economic Theories Heinrich Bortis 3. Monetary Economies of Production Louis-Philippe Rochon PART II MONEY, BANKS, AND FINANCIAL ACTIVITIES 4. Money and Banking Marc Lavoie and Mario Seccareccia 5. The Financial System Jan Toporowski 6. The Central Bank and Monetary Policy Louis-Philippe Rochon and Sergio Rossi PART III THE MACROECONOMICS OF THE SHORT AND LONG RUN 7. Aggregate Demand Jesper Jespersen 8. Inflation and Unemployment Alvaro Cencini and Sergio Rossi 9. The Role of Fiscal Policy Malcolm Sawyer 10. Economic Growth and Development Mark Setterfield 11. Wealth Distribution Omar Hamouda PART IV INTERNATIONAL ECONOMY 12. International Trade and Development Robert A. Blecker 13. Balance-of-payments Constrained Growth John McCombie and Nat Tharnpanich 14. European Monetary Union Sergio Rossi PART V RECENT TRENDS 15. Financialization Gerald A. Epstein 16. Imbalances and Crises Robert Guttmann 17. Sustainable Development Richard P.F. Holt Conclusion: Do we Need Microfoundations for Macroeconomics? John King Index
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