Cover; Contents; List of Figures and Tables; Preface; Acknowledgements; About the Authors; Introduction; Part I: Policy; 1 Tools of Choice for Fighting Recessions; 2 Macroeconomic Impacts of Globalization; 3 Exchange Rates and the Macroeconomy in an Era of Global Financial Crises, with Special Reference to Australia; 4 A Critique of the New Consensus View of Monetary Policy; 5 The Current Financial Crisis: Causes and Policy; 6 The Current Crisis Has a Silver Lining; 7 The ABC of G and T; 8 The Systemic Downside of Flexible Labour Market Regimes: Salter Revisited.

9 Political Aspects of "Buffer Stock" Employment10 How Voluntary Is Unemployment? Two Views of the Phillips Curve; Part II: Australia; 11 A Simple Econometric Model of the Australian Economy; 12 Can Keynesian Policies Stimulate Growth in Output and Employment?; 13 Australian Economic Growth: A Structural Perspective (A Preliminary Report); 14 Corporatism in Australia; 15 Structural Change and Economic Growth; 16 Why Keynesian Policy was More Successful in the Fifties and Sixties than in the Last Twenty Years; 17 The Share of Wages in Income in Australia.

18 Inflation in Australia: Causes and Cures19 The Effects of Immigration on Unemployment; 20 The Effects of the Immigration of Low-skilled Workers on Unemployment; 21 Why Privatize Airports?; Part III: World Economy; 22 Asia, Japan and the Internationalization of Effective Demand; 23 History, Politics and Effective Demand in Asia; 24 Stagnation and Economic Conflict in Europe; 25 The Changing Patterns of Accumulation and Realization in East Asia since the 1990s; 26 The Accumulation Process in Japan and East Asia as Compared with the Role of Germany in European Post-war Growth.

27 The EMS and the Bundesbank in Europe28 The Argentine Crisis; 29 Imperialism Today; Index.