The revised edition of "International Money and the Real World" updates the post-Keynesian analysis of the earlier edition by providing a greater emphasis on capital movements, the development of regional common markets and the global debt and payment problems spawned in the 1980s.

This revised edition updates the post-Keynesian analysis of the earlier edition by providing a greater emphasis on capital movements, the development of regional common markets and the global debt and payments problems spawned in the 1980s. It explains why orthodox economic policies have often failed to achieve their objectives and if they work they do so only by inflicting unnecessarily high costs on society. The civilized policies developed in this volume, on the other hand, can achieve society's goals while enhancing the many benefits of an entrepreneurial economy.

Preface to Second Edition - Solving the Crisis in Economic Theory - The Conceptual Framework - The Definitions and Taxonomy of Keynes' Revolution - The Taxonomy of International Money - Trade, Money and International Payments - International Liquidity and the Stability of Exchange Markets - Finance and the Wealth of Nations - The Stability of the Purchasing Power of Money - Oil, International Trade, and Inflation - Can Wages be Universally Indexed? - Export Led Growth, International Debts and a Proposal for An International Payments System - What About the International Debt Crisis? - Coordinating International Payments and Incomes - Index