000			02850nam a2200313Ia 4500
001			eep9781784715014
003			UtOrBLW
005			20210215104144.0
008			151118s2016 mau fob 001 0 eng
010			_a 2015957869
020			_a9781784715014 (e-book)
040			_aDLC _beng _cDLC _dUtOrBLW
042			_apcc
050		4	_aHC79.I5 _bB67 2016
100	1		_aBortz, Pablo G.
245	1	0	_aInequality, growth and 'hot' money _h[electronic resource] / _cPablo G. Bortz.
260			_aNorthampton, MA : _bEdward Elgar Publishing, Inc., _cc. 2016.
300			_a1 online resource (224 p.) ; _ccm.
490	1		_aNew directions in post-Keynesian economics
504			_aIncludes bibliographical references and indexes.
505	0		_aPreface -- 1. Introduction -- 2. Growth and distribution: the last 300 years -- 3. Growth and distribution: the Kaleckian perspective -- 4. An integration of the real and the monetary economy -- 5. Financial flows, distribution and capital controls -- 6. Epilogue: challenges and possibilities.
520			_aThe growing levels of income inequality, an explosion of global financial flows, and a worldwide decline of economic growth have combined to challenge accepted economic wisdom. Utilizing a heterodox approach, Pablo G. Bortz provides a fresh look for understanding the interaction between these three factors while identifying challenges and possible alternatives for an expansionary and progressive economic policy. Reviewing several schools of thought, Inequality, Growth and 'Hot' Money explores the risks generated by capital flows and the limitations they impose on progressive economic policies. Professor Bortz then provides instruments and alternatives to pursue an expansionary and equalitarian program, including theoretical contributions to enrich heterodox and progressive economics. Standout features of this book include a review of the challenges that financial flows pose for developing countries; a redefinition of the role of capital controls; a policy approach that separates interest rate policies from a broader credit policy; and a rejection of the negative relationship between a more egalitarian income distribution and sustained economic expansion. Expanding the Kaleckian approach to include financial flows, this accessible introduction to heterodox growth models will be appreciated by graduate students and committed heterodox economists. Research departments at official institutions such as central banks may also be interested, specifically in the book's models and policy prescription.
650		0	_aIncome distribution.
650		0	_aKeynesian economics.
710	2		_aEdward Elgar Publishing.
776			_z9781784715007 (hardback)
830		0	_aNew directions in post-Keynesian economics.
856	4	0	_uhttps://www.elgaronline.com/view/9781784715007.xml
999			_c28764 _d28764