Sergio Cesaratto has a new book which:
- Introduces readers to the basics of heterodox and orthodox approaches in economics
- Explains the problematic aspects of the European Monetary Union (EMU) from the standpoint of alternative economic theories
- Highlights the conservative nature of the EMU and the economic and political difficulties of reforming it
with the further description:
This book discloses the economic foundations of European fiscal and monetary policies by introducing readers to an array of alternative approaches in economics. It presents various heterodox theories put forward by classical economists, Marx, Sraffa and Keynes, as a coherent challenge to neo-classical theory. The book underscores and critically assesses the analytical inconsistencies of European economic policy and the conservative nature of the current European governance. In this light, it examines the political obstacles to proposals to reform the European monetary union, as well as those originating in the neo-mercantilist German model. Given its scope and format, the book offers a valuable asset for researchers and members of the general public alike.
[the title is the book site at Springer]