Path Dependency and Macroeconomics
This fifth volume in the International Papers in Political Economy (IPPE) series focuses on the theme of path dependency and macroeconomics in terms of both theory and applications. The volume examines how path dependency is linked with notions of fu
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International Papers in Political Economy Series Series Editors: Philip Arestis and Malcolm Sawyer This volume is part of the new series of International Papers in Political Economy (IPPE). The new series will consist of an annual volume on a single theme with four to five papers on a single theme. The objective of the IPPE will continue to be the publication of papers dealing with important topics within the broad framework of Political Economy. The original series of International Papers in Political Economy started in 1993 and has been published in the form of three issues a year with each issue containing a single extensive paper. Information on the old series and back copies can be obtained from Professor Malcolm Sawyer at the University of Leeds (e-mail: [email protected]) Titles include: Philip Arestis and Malcolm Sawyer (editors) PATH DEPENDENCY AND MACROECONOMICS CRITICAL ESSAYS ON THE PRIVATISATION EXPERIENCE POLITICAL ECONOMY OF LATIN AMERICA Recent Economic Performance ALTERNATIVE PERSPECTIVES ON ECONOMIC POLICIES IN THE EUROPEAN UNION FINANCIAL LIBERALIZATION Beyond Orthodox Concerns.
International Papers in Political Economy Series Standing Order ISBN 978–1–4039–9936–8 You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England
Path Dependency and Macroeconomics Edited by
Philip Arestis and
Malcolm Sawyer
Selection and editorial matter © Philip Arestis and Malcolm Sawyer 2009 Individual chapters © Contributors 2009 Softcover reprint of the hardcover 1st edition 2009 978-0-230-23600-4 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2009 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave®and Macmil
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