Full employment and price stability in a global economy / edited by Paul Davidson and Jan Kregel.

List of figures, vii -- List of tables, viii -- List of contributors, ix -- Preface, xi -- 1. Keynes's 'New Order': the genesis of the Clearing Union / Robert Skidelsky, 1 -- 2. Economic integration, the EMU and European regional growth / John S.L. McCombie -- 3. Prospects for the single European currency and some proposals for a new Maastricht / Philip Arestis and Malcolm Sawyer, 57 -- 4. External balances, internal growth and employment / Hubert Hieke, 76 -- 5. Thoughts on speculation and open markets / Paul Davidson, 91 -- 6. Financial market behavior: rational, irrational, or conventionally consistent? / Andrea Terri, 109 -- 7. On banks' liquidity preference / Fernando Carvalho, 123 -- 8. Financial globalization and housing policy: from 'Golden Age' housing to 'Global Age' insecurity / Gary Dymski and Dorene Isenberg, 139 -- 9. A general framework for the analysis of currencies and commodities / Warren Mosler and Mathew Forstater, 166 -- 10. Price stability and full employment as complements in a new Europe: a market-based price stabilization policy for the new ECB / Jan Kregel, 178 -- 11. Competition and employment / Nina Shapiro, 195 -- 12. Another look at wage and price flexibility as the solution to unemployment / David Dequech, 202 -- 13. Employment policies in an open semi-industrialized economy: reflections on the Mexican economy / Julio López and Guadalupe Mántey, 219 -- 14. Thwarting systems and institutional dynamics: or how to stabilize an unstable economy / Eric Nasica, 236 -- Index, 255.