Table of Contents
Part I. Introduction: 1. Macroeconomic policies for sustainable growth Gerald Epstein and Herbert Gintis; 2. Stability, in egalitarianism and stagnation: an overview of the advanced capitalist countries in the 1980s Andrew Glyn; Part II. Savings, Investment and Employment: 3. Putting the horse (back) before the cart: disentangling the macro relationship between investment and saving David M. Gordon; 4. US national saving and budget deficits Robert Eisner; 5. Wages, aggregate demand, and employment in an open economy: a theoretical and empirical investigation Samuel Bowles and Robert Boyer; PART III. The Determinants of Investment: Profits, Demand, Debt, and Expectations: 6. Investment and profitability: the evidence from the advanced capitalist countries V. Bhaskar and Andrew Glyn; 7. Expectations and investment: an economic defense of animal spirits Christopher Heye; 8. Private investment and debt overhang in Latin America Manuel Pastor; Part IV. Finance and Accumulation: Efficiency and Instability: 9. Financial innovation, deregulation, and Minsky cycles Peter Skott; 10. Financial liberalization, capital rationing, and the informal sector in developing countries J. Mohan Rao; 11. International profit rate equalization and investment: an empirical analysis of integration, instability, and enforcement Gerald A. Epstein; 12. Growth, distribution, and the rules of the game: left structuralist macro foundations for a democratic economic policy David Gordon; 13. A dual agency approach to state and market Gerald Epstein and Herbert Gintis; 14. Escaping the efficiency equity trade-off: productivity-enhancing asset redistributions Samuel Bowles and Herbert Gintis.