Jesper Jespersen
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Progressive post-Keynesian economics for the future: an introduction Open
Contrary to what many mainstream macroeconomists seem to think, modern, globally interdependent economies, financially as well as otherwise, can be hit hard by economic downturns. That is the lesson learnt from the years of the Great Reces…
Neoliberalismen som dominerende makroøkonomisk diskurs Open
This paper demonstrates that mainstream General Equilibrium Models (GEM) are dominated by neoliberal ideology. These mathematical models are pre-designed to always converging full-employment equilibrium and private-sector equilibrium. The …
Introduction Open
Today, more than a decade after the outbreak of the Great Recession, many economies are still struggling to get back on a prosperous track. Most countries were hit hard by the international crisis. The US, the EU and other countries have e…
Introduction Open
The General Theory and Keynes for the 21st century to be the most important text. 1 But the undercurrent of mainstream macroeconomics changed during the last three decades of the 20th century.Keynes's economics, or rather Keynesian economi…
Introduction Open
The chapters in this volume, and its companion volume, The General Theory and Keynes for the 21st Century, originated in a celebration marking the happy coincidence that 2016 saw the 80th birthdays both of the publication of Keynes’s Gener…
Book review: Piero Ferri, Aggregate Demand, Inequality and Instability (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2016) 192 pp. Open
"Book review: Piero Ferri, Aggregate Demand, Inequality and Instability (Edward Elgar Publishing, Cheltenham, UK and Northampton, MA, USA 2016) 192 pp." published on Jul 2018 by Edward Elgar Publishing Ltd.
The Euro Open
Alain Parguez is right when he claims that the “euro” is a political failure and an economic disaster, in which French politicians and economists seem to have played a significant role. France’s elite envisaged being a dominant political p…
Can Macroeconomics and Ideology Be Separated? Some Experiences from Europe and the Nordic Countries Open
Mainstream economists claim that economics is an objective and empirically tested science – contrary to the humanities and soft social sciences. According to this view, economics is beyond the influence of ideology. It represents the ratio…
When the Treasury and its Models Seize Power Open
This paper explains how short- and medium-term macroeconomic projections are undertaken within the Danish Ministry of Finance (DMF) by the use of an annual macroeconometric model, ADAM, together with a theoretical, structural general equil…