'At last, this book is what was missing in heterodox economics. A full encompassing textbook written by great minds with a sole purpose: to allow students to discover the absurdity of the orthodox textbooks and the strength of heterodox economics. Through all the chapters, at last true economics is revealed. Rochon and Rossi have done heterodoxy a great service. This amazing book must be used by all those who teach heterodox economics, to form a new generation of young scholars.' -- Alain Parguez, Universite de Franche-Comte, France<br />'In this era of the student movement "Rethinking Economics", very little rethinking has occurred in textbooks. Rochon and Rossi provide a set of thematic papers on macroeconomics that will give concerned students a palatable introduction to criticisms of mainstream macroeconomics and the foundations of alternative approaches. This volume provides a useful antidote to dogmatic "microfoundations" macroeconomics.' -- Steve Keen, Kingston University, UK<br />'This volume fills a void in the economics literature by setting out, in crystal-clear prose, the heterodox approach to macroeconomic theory and policy. The authors provide a counterpoint to the orthodox approach that has led to global stagnation and over-indebtedness. In chapters that cross the full range of macroeconomic issues, renowned experts show why the insights of Keynes, Kalecki and Minsky, in particular, can point the way to a different future. Students and professional economists alike will want this volume on their bookshelf.' -- Gary Dymski, Leeds University Business School, UK<br />'The editors of this enlightening textbook mean what they say. Originally, the term "orthodox" meant something like "right-thinking". However, Rochon and Rossi are quite clear that in economics, the orthodox approach is "essentially wrong" and that orthodox economists, because of their wrong-thinking, do indeed bear a major share of the blame for the economic catastrophes that have befallen us. This is why there is a need for a heterodox approach. The editors and their distinguished contributors are equally adamant that what the economic analysis society urgently needs is monetary and macroeconomic analysis. They have no interest with the disastrous "microfoundations" dogma which is neatly skewered in the concluding chapter.' -- John Smithin, York University, Canada