1st Edition

Heterodox Views of Finance and Cycles in the Spanish Economy

ISBN 9781138725300
Published November 1, 2017 by Routledge
218 Pages

USD $150.00

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Book Description

This title was first published in 2002: Why do endogenous cycles persist in Spain? Manuel Roman demonstrates a highly novel approach to the study of finance and the persistence of endogenous growth cycles, providing a balanced account of the Post Keynesian, Classical and Neo-classical political economy approaches. Finding key propositions from a representative set of heterodox cycles' models, he rigorously tests their chief claims, grounding his research in empirical data. The endogenous forces behind persistent fluctuations in the Spanish economy are also identified and explored in this theoretically rich text, the first of its kind to examine the Spanish economy in such great detail.

Table of Contents

Contents: Introduction. Heterodox Growth and Cycle Models: Shaikh’s model of finance and accumulation; Goodwin’s growth cycles; Minsky’s financial fragility; Foley’s liquidity and profit cycles model. Overview of the Spanish Economy: The Spanish economy in transition; Finance and growth cycles; Recessions and shocks. Evaluating the Models: Profitability and accumulation; A classical growth and cycles model; Bibliography; Index.

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Manuel Roman, New Jersey City University, USA Adjunct Professor of Economics. Taught economics for 25 years at Jersey City State College, USA. Previous book, Growth and Stagnation of the Spanish Economy was published by Avebury, Ashgate's imprint, in 1997.


'...a very interesting and highly recommended book. It provides a different view of growth and cycles from that provided by neoclassical models, and complements Roman's [1997] previous book on Spain...' Eastern Economic Journal