Books

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The Political Economy of Central Banking: Contested Control and the Power of Finance
Edward Elgar, September 2019

Central banks are among the most powerful government economic institutions in the world. This collection of essays, written over several decades, analyzes why central banks make the monetary and financial policies they do, and how they could be restructured to perform better for society as a whole. 

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What's Wrong with Modern Money Theory? A Policy Critique
Palgrave Macmillan, August 2019

This book assesses the validity of Modern Money Theory’s approach to macroeconomic policy, specifically monetary and fiscal policy. Whereas other papers have focused primarily on theoretical and doctrinal issues, this book focuses primarily on an analysis of MMT’s policy approach. 

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The Political Economy of International Finance in an Age of Inequality: Soft Currencies, Hard Landings
Edward Elgar, December 2018

The essays in this book describe and analyze the current contours of the international financial system, covering both developed and developing countries, and focusing on the ways in which the current international financial system structures, and is affected by, profound inequalities in the international system. 

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The Handbook of the Political Economy of Financial Crises
with Martin H. Wolfson, Oxford University Press, 2013

The international financial system and individual national economies, including that of the United States, suffered devastating consequences from the Great Financial Crisis in 2007. This book uses a political economy theoretical framework to analyze the crisis and demonstrates that it is only strong financial regulations that can keep the damage caused by these crises within bounds.

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Banking, Monetary Policy and the Political Economy of Financial Regulation: Essays in the Tradition of Jane D'Arista
with Tom Schlesinger and Matías Vernengo, Edward Elgar, 2014

Writing in the tradition of Jane D’Arista's extensive work, the internationally renowned contributors to this thought-provoking book discuss research carried out on various indicators of the crisis and illustrate how these perspectives can contribute to productive thinking on monetary and financial policies.

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Beyond Inflation Targeting: Assessing the Impacts and Policy Alternatives
with Erinc Yeldan, Edward Elgar, 2009

This book, written by an international team of economists, develops concrete, country specific alternatives to inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single digits to the virtual exclusion of other key goals such as employment creation, poverty reduction and sustainable development.

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An Employment-Targeted Economic Program for South Africa
with Robert PollinJames HeintzLéonce Ndikumana,
United Nations Development Program, 2006

This book presents a detailed economic program for South Africa, designed to produce major reductions in unemployment and poverty, and a general spreading of economic well-being; and to achieve these ends in a manner that is sustainable over a longer-term framework.

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Financialization and the World Economy
Edward Elgar, 2005

The contributors, top scholars in their fields, explore the quantitative and qualitative dimensions of financialization and tally its costs and benefits for society as a whole. 

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Globalization and Progressive Economic Policy
with Dean Baker and Robert Pollin, Cambridge University Press, 1998

In this book, thirty-six prominent economists analyze the impact of the emerging global economy on our national sovereignty and standards of living.

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