Instantiating Neo-Liberal Reform via Economic Theory and Small Group Agreements

Much work in finance, money and macroeconomics is dominated by neo-classical theoretical models and by empirical tests that are built on assumptions that yield formal tractability but that do little to illuminate the complexities of the economy. This work also tells us little about the political economy effects of the phenomena under consideration. Philip Arestis’s prodigious and multi-faceted oeuvre stands as a welcome departure from work in this sterile tradition. He has contributed enormously to the development of a counter-hegemonic body of research in macroeconomics, finance, development, and heterodox economic policy. These contributions have been brought about both through his own published research and through his generous efforts to bring heterodox economists into dialogue with one another and with the mainstream of the profession via the numerous projects, journals and conferences he has organized over an extraordinarily dynamic career.