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Unsurprising to Keynes, Shocking to Economists: The Normalisation of Capital Controls in the Global Financial Crisis

In: Microeconomics, Macroeconomics and Economic Policy

Author

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  • Ilene Grabel

Abstract

Malcolm Sawyer’s illustrious career is marked by his profound engagement with Keynesian and Kaleckian macroeconomic theory and by his critically important interventions in debates over economic policies, particularly in the European context. He has been a leading force in the revitalisation and increased professional standing of heterodox economics research around the world. This immense contribution to our profession has been manifest in many different ways: through his enormously important body of published research over wide-ranging topics, and through his ceaseless energy for providing opportunities for heterodox economists around the world to enter into conversation with one another and with the mainstream of the profession through the many projects, journals, and edited books that he has initiated (often with his collaborator and dear friend, Philip Arestis).

Suggested Citation

  • Ilene Grabel, 2011. "Unsurprising to Keynes, Shocking to Economists: The Normalisation of Capital Controls in the Global Financial Crisis," Palgrave Macmillan Books, in: Philip Arestis (ed.), Microeconomics, Macroeconomics and Economic Policy, chapter 14, pages 251-267, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-31375-0_14
    DOI: 10.1057/9780230313750_14
    as

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