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Economics for Sustainable Prosperity Steven Hail

Economics for Sustainable Prosperity By Steven Hail

Economics for Sustainable Prosperity by Steven Hail


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Summary

The central argument of this book is that the foundations for sustainable prosperity lie in an approach to economic management based on modern monetary theory and a job guarantee.

Economics for Sustainable Prosperity Summary

Economics for Sustainable Prosperity by Steven Hail

The central argument of this book is that the foundations for sustainable prosperity lie in an approach to economic management based on modern monetary theory and a job guarantee. This approach builds on the work of Keynes, Kalecki, Minsky, Davidson, Godley and other Post- Keynesian economists-as well as research by behavioral economists including Simon, Kahneman and Loewenstein-to explore the role that a permanent, equitable job guarantee could play in building an inclusive, participatory and just society. Orthodox (neoclassical) economics, in its various forms, has failed to deliver sustainable prosperity. An important reason for this failure is its lack of realistic foundations. It misrepresents both human nature and economic institutions, and its use as a frame for the development and assessment of economic policy proposals has had disastrous consequences for social inclusion and the quality of life of millions of people. This book discusses an alternative, more realistic and more useful set of economic foundations, which could deliver the opportunity of a decent quality of life with dignity to all.

About Steven Hail

Steven Hail is a Research Scholar at the Binzagr Institute for Sustainable Prosperity and a Lecturer in the School of Economics at the University of Adelaide in South Australia. During the 1990s, he trained staff from many international banks and the Bank of England. He now teaches modern monetary theory and regularly writes magazine articles and appears in podcasts relating to MMT.

Table of Contents

1. Introduction: Searching for a New Economics2. 'Real' Analysis of an Unreal World3. New Wisdom from Old Books4. Behavioral Foundations5. Modern Monetary Theory6. Stock-Flow Consistent Monetary Economics7. A Job Guarantee8. Conclusion: Economics for Sustainable Prosperity

Additional information

NPB9783319909806
9783319909806
3319909800
Economics for Sustainable Prosperity by Steven Hail
New
Hardback
Springer International Publishing AG
2018-05-24
289
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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