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This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.

Macroeconomics. --- Schools of economics. --- Economic theory. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Heterodox Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economics schools of thought --- Schools of economic thought

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Depuis le début de l’interprétation de conférence dans de grandes institutions, l’interprétation biactive a suscité de vives controverses chez les interprètes. Pourtant, la demande en interprétation biactive ne cesse de croître. Dans le but de mieux comprendre la réalité de l’interprétation biactive sur les marchés privé et institutionnel, ce travail présente d’abord, dans un volet théorique, les différentes écoles de pensée qui avancent les avantages et les inconvénients de l’interprétation biactive. Ensuite, des statistiques de la Commission européenne, de l’Organisation pour le Traité de l’Atlantique Nord et de l’Association internationale d’interprètes de conférence font état du nombre d’interprètes fonctionnaires et indépendants biactifs anglais < > français à Bruxelles. Enfin, une étude qualitative et exploratoire menée sous forme d’entretiens semi-structurés permet d’analyser et de comparer le profil de douze interprètes biactifs anglais < > français travaillant sur le marché privé et/ou institutionnel à Bruxelles. Les entretiens montrent que l’interprétation biactive existe et qu’elle est nécessaire puisque sur le marché privé bruxellois, la plupart des interprètes sont biactifs et certaines organisations internationales n’engagent que des interprètes biactifs. L’étude met en évidence certaines tendances liées à l’apprentissage d’une langue B, mais aussi liées à la préférence de chaque interprète à travailler vers la langue A ou vers la langue B. En outre, les entretiens dévoilent les difficultés qui ressortent le plus lors d’une interprétation vers la langue B et les stratégies pour les surmonter. Ils mettent aussi en lumière l’avis des participants sur l’importance de la compréhension et de la restitution. Étant donné que l’échantillon a été étudié d’un point de vue qualitatif et ne concerne qu’une fraction de la population totale, les résultats de cette étude ne peuvent nullement être généralisés. Néanmoins, les conclusions de l’analyse pourraient inciter à une nouvelle réflexion et jeter les bases pour d’autres recherches.

Interprétation de conférence --- Interprétation biactive --- Langue A --- Langue B --- Écoles de pensée --- Marché privé et institutionnel --- Conference interpreting --- Biactive interpreting --- A language --- B language --- Schools of thought --- Private and institutional market --- Arts & sciences humaines > Langues & linguistique

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“Steven Hail has coalesced disparate yet interdependent conceptualizations of real world phenomena in a brilliant and crucial way to produce a blueprint for sustainable prosperity. The book is essential reading for anyone searching for an alternative to the mainstream orthodoxy that has played no small part in the creation of an ecologically unsustainable and inequitable world.” —Philip Lawn, University of Newcastle, Australia; author of Resolving the Climate Change Crisis- The Ecological Economics of Climate Change “This book should be a compulsory text for all undergraduate students, high-school students, students of life, policy makers, and of course economists themselves. In an era of tumult and political crisis, this book will tighten your grip on reality.” —Claire Connelly, award-winning journalist, Renegade Inc. "Dr. Hail makes a compelling case for sustainability through a modern money lens that is accessible and useful for the 99%." —Steven Grumbine, founder, Real Progressives The central argument of this book is that the foundations for sustainable prosperity lie in an approach to economic management based on modern monetary theory and a job guarantee. This approach builds on the work of Keynes, Kalecki, Minsky, Davidson, Godley and other Post- Keynesian economists—as well as research by behavioral economists including Simon, Kahneman and Loewenstein—to explore the role that a permanent, equitable job guarantee could play in building an inclusive, participatory and just society. Orthodox (neoclassical) economics, in its various forms, has failed to deliver sustainable prosperity. An important reason for this failure is its lack of realistic foundations. It misrepresents both human nature and economic institutions, and its use as a frame for the development and assessment of economic policy proposals has had disastrous consequences for social inclusion and the quality of life of millions of people. This book discusses an alternative, more realistic and more useful set of economic foundations, which could deliver the opportunity of a decent quality of life with dignity to all.

Schools of economics. --- Behavioral economics. --- Welfare economics. --- Macroeconomics. --- Economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Heterodox Economics. --- Behavioral/Experimental Economics. --- Social Choice/Welfare Economics/Public Choice. --- Monetary policy. --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Social Choice/Welfare Economics/Public Choice/Political Economy. --- Economics --- Social policy --- Behavioral economics --- Behavioural economics --- Economics schools of thought --- Schools of economic thought --- Psychological aspects.

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This book argues that Lionel Robbins’s construction of the economics field’s organizing cornerstone, scarcity—and all that has been derived from it from economists in Robbins’s time to today—no longer can generate general consent among economists. Since Robbins’ Essay, economists have learned more than Robbins and his cohorts could have imagined about human decision making and about the human brain that is the lynchpin of human decision making. This book argues however that behavioral economists and neuroeconomists, in pointing to numerous ways people fall short of perfectly rational decisions (anomalies, biases, and downright errors), have saved conventional economics from such self-contradictions in what could be viewed as a wayward approach. This book posits that the human brain is the ultimate scarce resource, and that a focus on the brain can bring a new foundation for economics and can save the discipline from hostile criticisms from a variety of non-economists (many psychologists).

Schools of economics. --- Economic theory. --- Behavioral economics. --- Economics. --- Heterodox Economics. --- History of Economic Thought/Methodology. --- Behavioral/Experimental Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Behavioral economics --- Behavioural economics --- Economic theory --- Political economy --- Social sciences --- Economic man --- Economics schools of thought --- Schools of economic thought --- Economics --- Psychological aspects. --- Economic history. --- Economic conditions --- History, Economic

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This book offers a thorough introduction to the highly promising complex agent-based approach to economics, in which agent-based models (ABMs) are used to represent economic systems as complex and evolving systems composed of heterogeneous agents of limited rationality who interact with each other, generating the system’s emergent properties in the process. This approach represents a response to the limitations of the dominant theory in economics, which does not consider the possibility of a major crisis, and to the inability of dynamic stochastic general equilibrium theory to generate empirically falsifiable propositions. In the new perspective, the focus is on identifying the elements of instability rather than the triggering event. As the theory of complexity demonstrates, the interactions of heterogeneous agents produce non-linearity: this puts an end to the age of certainties. With ABMs, the methodology is “from the bottom up”. The individual parameters and their distribution are estimated, and then evaluated to verify whether aggregate regularities emerge on the whole. In short, not only micro, but also meso and macro empirical validation are employed. Moreover, it shows that the mantra of growth should be supplanted by the concept of a growth . Given its depth of coverage, the book will enable students at the undergraduate and Master’s level to gain a firm grasp of this important emerging approach. “This book is flower blossomed by one of the two greatest Italian economists.” Bruce Greenwald, Columbia University “The author’s - the ABM prophet’s - thoughts on economics have been at the forefront of the world. Without a firm belief in and dedication to human society, it is impossible to write such a book. This is a work of high academic value, which can help readers quickly understand the history and current situation of complex economic theory. In particular, we can understand the basic viewpoints, academic status, advantages and shortcomings of various schools of economic theory.” Jie Wu, Guangzhou Milestone Software Co., China.

Econometric models. --- Macroeconomics. --- Schools of economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Heterodox Economics. --- Complex Systems. --- Applications of Nonlinear Dynamics and Chaos Theory. --- Economics schools of thought --- Schools of economic thought --- Economics --- System theory. --- Statistical physics. --- Physics --- Mathematical statistics --- Systems, Theory of --- Systems science --- Science --- Statistical methods --- Philosophy