This book reviews the paradigm which has come to be known as post-Keynesian economics, concentrating on the main issues that form the heart of this paradigm: money and finance; conflict in wage and price settings; the degree of monopoly and pricing in an open economy; divergence rather than convergence in the European Union; financial and economic development; economic policy and methodological issues.

PHILIP ARESTIS

Introduction - PKE Theoretical Framework - Methodological Aspects of PKE - PKE Theoretical Aspects of Money and Finance - PKE Theory of Wages and Inflation - Degree of Monopoly, Pricing and Flexible Exchange Rates - The Independent European Central Bank: A PKE Perspective - Towards a European Clearing Agency - Economic Development and Financial Liberalisation - Gender and the Labour Process - Industrialisation in the Periphery of the EU and NAFTA - Bibliography - Index