Alfred Eichner's pioneering contributions to post-Keynesian econmics offered significant insights on the way modern economies and institutions actually work. Published in 1987, his "Macrodynamics of Advanced Market Economies" contains rich chapters on dynamics and growth, investment, finance and income distribution, a timely chapter on the State and fiscal policy, and two analytical chapters on endogenous money that are years ahead of their time. Featuring chapters by many of Eichner's disciples, this book celebrates his rich contributions to post-Keynesian economics, and demonstrates that his work is in many ways as valid today as it was over two decades ago.
Introduction: Alfred Eichner and the State of Post-Keynesian Economics; Part I. The Link Between Micro and Macro; 1. Was Alfred Eichner a System Dynamicist? Michael J. Radzicki; 2. Alfred Eichner's Missing "Complete Model": A Heterodox Micro-Macro Model of a Monetary Production Economy, Fred S. Lee; 3. Macro Effects of Investment Decisions, Debt Management and the Corporate Levy, Elettra Agliardi; 4. Pricing and Financing of Investment: Is There a Macroeconomic Basis for Eichnerian Microeconomic Analysis? Mario Seccareccia; Part II. Competition and the Globalized World; 5. The Macroeconomics of Competition: Stability and Growth Questions, Malcolm Sawyer and Nina Shapiro; 6. The Megacorp in a Global Economy, Matthew Fung; 7. Pricing and Profits Under Globalized Production: A Post-Keynesian Perspective on U.S. Economic Hegemony, William Milberg; Part III. Credit, Money and Central Banking; 8. Eichner's Theory of Endogenous Credit-Money, Robert P. Guttmann; 9. Eichner's Monetary Economics: Ahead of Its Time, Marc Lavoie; 10. Alfred Eichner, Post-Keynesians, and Money's Endogeneity: Filling in the Horizontalist Black Box, Louis-Philippe Rochon; About the Editors and Contributors; Index.