Alfred Eichner's Pioneering Contributions to Post-Keynesian economics offered significant insights on the way modern economics and institutions actually work. His masterwork 'Macrodynamics of Advanced Market Economics' contains valuable chapters on dynamics and growth; investment; finance and income distribution; a wonderful chapter on state and fiscal policy; and two analytical chapters on endogenous money that are, in many respects, years ahead of their time. By exploring these ides, the ideas, the editors and contributors of this volume address a number of contemporary policy issues, such as current issues in monetary policy, effective demand, investment finance and economic growth. This volume celebrates Eichner's rich contributions to post - Keynesian economics and marks the twentieth anniversary of the publication of his Macrodynamics.
Introduction: Alfred Eichner and the State of Post-Keynesian Economics
Part I. The Link Between Micro and Macro
1.
Marc Lavoie is a Professor in the Department of Economics at the University of Ottawa, where he started teaching in 1979. He has written a number of books, including Foundations of Post-Keynesian Economic Analysis (1992), Introduction to Post-Keynesian Economics (2006), and Monetary Economics: An Integrated Approach to Money, Income, Production and Wealth (2007) with Wynne Godley. He is the Co-editor, with Mario Seccareccia, of a book on the works of Milton Friedman (1993) and of Central Banking in the Modern World. Alternative Perspectives (2004), as well as an associate editor of Encyclopedia of Political Economy (1999), Lavoie has been a Visiting Professor at the universities of Bordeaux, Nice, Rennes, Dijon, Grenoble, Limoges, Lille, Paris Nord and Paris 1, and Curtin University in Perth (Australia)
Louis-Pholippe Rochon is an Associate Professor of Economics at Laurentian University, Canada. He has authored over seventy journal and book articles and has written or edited numerous books, including Credit, Money and production (2005), Modern Theories of Money: The Nature and Role of Money in capitalist Economics (2003, co-edited with Sergio Ross), Monetary and Exchange Rate Systems: A Global view of Financial Crises (2006, co-edited with Sergio Rossi), Credit Money and Macroeconomic Policy (2009, with Claude Gnos; and Employment, Growth and Development (2009, with Claude Gnos). His papers have appeared, among other places, in Review of Political Economy, International Journal of Political Economy, Metroeconomica, Journal of Economic Issues, Economic Appliquee, and Journal of Post Keynesian Economics. His research is on Macroeconomic and Monetary Theory and Policy, and Post-Keynesian Economics.
Miro-Seccareccia is a Professor in the Department of Economics at the University of Ottawa, where he has been teaching since 1978. He is the author of some seventy-five articles and chapters of books in the areas of Monetary economics, macroeconomics, labor economics, history and has published monographs and edited or co-edited numerous books and special issues of journals, including Central 'banking in the modern World: Alternative Perspectives (2004) with Marc Lavoie and Dollarization: Lesson from Europe and the Americans (2003) with Louis-Philippe Rochon. He also is the Editor of International Journal of Political Economy and has been a Visiting Professor at the universities of Bourgogne and Paris sud.
