Macroeconomic policy after the conservative era : studies in investment, saving and finance

TLDR: In this article, the authors propose a dual agency approach to state and market to achieve sustainable growth in an open economy, based on the Minsky cycles and a dual-agent approach.

Abstract: Part I. Introduction: 1. Macroeconomic policies for sustainable growth Gerald Epstein and Herbert Gintis 2. Stability, in egalitarianism and stagnation: an overview of the advanced capitalist countries in the 1980s Andrew Glyn Part II. Savings, Investment and Employment: 3. Putting the horse (back) before the cart: disentangling the macro relationship between investment and saving David M. Gordon 4. US national saving and budget deficits Robert Eisner 5. Wages, aggregate demand, and employment in an open economy: a theoretical and empirical investigation Samuel Bowles and Robert Boyer PART III. The Determinants of Investment: Profits, Demand, Debt, and Expectations: 6. Investment and profitability: the evidence from the advanced capitalist countries V. Bhaskar and Andrew Glyn 7. Expectations and investment: an economic defense of animal spirits Christopher Heye 8. Private investment and debt overhang in Latin America Manuel Pastor Part IV. Finance and Accumulation: Efficiency and Instability: 9. Financial innovation, deregulation, and Minsky cycles Peter Skott 10. Financial liberalization, capital rationing, and the informal sector in developing countries J. Mohan Rao 11. International profit rate equalization and investment: an empirical analysis of integration, instability, and enforcement Gerald A. Epstein 12. Growth, distribution, and the rules of the game: left structuralist macro foundations for a democratic economic policy David Gordon 13. A dual agency approach to state and market Gerald Epstein and Herbert Gintis 14. Escaping the efficiency equity trade-off: productivity-enhancing asset redistributions Samuel Bowles and Herbert Gintis.