Capitalism macroeconomics and reality : understanding globalization financialization competition and crisis 1. The Realism of Assumptions Does Matter: Why Keynes Minsky Theory Must Replace Efficient Market Theory as the Guide to Financial Regulation Policy. In The Oxford Handbook of the Political Economy of Financial Crises Gerald Epstein and Martin Wolfson eds. New York: Oxford University Press 2013 pp. 133 158. 2. Are Keynesian Uncertainty and Macrotheory Incompatible Conventional Decision Making Institutional Structures and Conditional Stability in Keynesian Macromodels. In G. Dymski and R. Pollin eds. New Perspectives in Monetary Macroeconomics: Explorations in the Tradition of Hyman Minsky. Ann Arbor: Univ. of Michigan Press 1994 pp. 105 142. 3. The Centrality of Money Credit and Financial Intermediation in Marxs Crisis Theory. In S. Resnick and R. Wolff eds. Rethinking Marxism: Essays in Honor of Harry Magdoff and Paul Sweezy. New York: Autonomedia 1985 pp. 45 82. 4. If Financial Market Competition is Intense Why are Financial Firm Profits so High Reflections on the Current Golden Age of Finance Competition and Change Vol. 12 No. 2 June 2008 pp. 167 83. 5. Structural Causes of the Global Financial Crisis: A Critical Assessment of the New Financial Architecture Cambridge Journal of Economics Vol. 33 No. 4 July 2009 pp. 563 580. 6. How Bonus Driven Rainmaker Financial Firms Enrich Top Employees Destroy Shareholder Value and Create Systemic Financial Instability. In After the Great Recession: Keynesian Perspectives on Prospects for Recovery and Growth Barry Z. Cynamon Steven M. Fazzari and Mark Setterfield eds. New York: Cambridge University Press 2013 pp. 133 158. 7. Is the New Keynesian Theory of Investment Really Keynesian Journal of Post Keynesian Economics 18 (3) Spring 1996 pp. 335 357. 8. Owner Manager Conflict and Financial Theories of Investment Demand: A Critical Assessment of Keynes Tobin and Minsky Journal of Post Keynesian Economics 12 (4) Summer 1990 pp. 519 42. 9. Rethinking Marxian Investment Theory: Keynes Minsky Instability Competitive Regime Shifts and Coerced Investment Review of Radical Political Economics 25(1) March 1993 pp. 1 26. 10. Core Industries Coercive Competition and the Structural Contradictions of Global Neoliberalism. In N. Phelps and P. Raines eds. The New Competition for Inward Investment: Companies Institutions and Territorial Development. Northampton Massachusetts: Edward Elgar 2003 pp.9 38). 11. The Neoliberal Paradox: The Impact of Destructive Product Market Competition and Modern Financial Markets on Nonfinancial Corporation Performance in the Neoliberal Era. In Gerald Epstein ed. Financialization and the World Economy. Northampton Massachusetts: Edward Elgar 2005 pp. 77 110. 12. Was Keynes a Corporatist: Keyness Radical Views on Industrial Policy and Macro Policy in the 1920s Journal of Economic Issues 33 (3) Sept. 1999 pp.555 578. 13. Class Conflict and Macropolicy: The Political Business Cycle Review of Radical Political Economics 7 (1) Spring 1975 pp. 1 19 (with Raford Boddy). 14. The Great Austerity War in the US: What Caused the US Deficit Crisis and Who Should Pay to Fix It Cambridge Journal of Economics Vol. 36 No. 1 January 2012 pp. 79 104. 15. Was IMF Imposed Economic Regime Change in South Korea Justified: The Political Economy of the IMF Review of Radical Political Economics Vol. 41 No. 2 Spring 2009 pp. 149 69 (with Kang Kook Lee). This wide ranging set of papers deals with crucial questions in economic theory economic policy and economic history. The papers help explain why economic performance deteriorated dramatically in the West over the past three decades as the Golden Age of capitalism after World War II was replaced by global neoliberal capitalism. They show that theoretical frameworks rooted in the radical and heterodox traditions can explain this evolution and the current global economic and financial crisis something mainstream theories cannot do. Topics include but are not limited to: methodology: a critique of positivism is used to explain why mainstream reliance on fairy tale assumptions should be replaced by realistic assumption sets as argued by Marx and Keynes Marx Keynes and Minsky on financial market instability versus mainstream theories of efficient financial markets how Keyness assumption that the future is unknowable revolutionized not only macro theory but the micro theory of agent choice as well structural causes of the current global financial crisis how innovative theories of competition globalization capital investment and financialization inspired by Marx Keynes and Schumpeter can be used to explain the crisis tendencies of neoliberal capitalism the influence of class conflict on economic policy including in the current austerity regimes. The papers in this book should be of interest to most economists and can be used in both graduate and upper level undergraduate courses. Many of these papers are accessible to anyone who reads the business press