'In the wake of the financial crisis of 2008, when economic theory is rightly challenged to show the relevance of its insights, it is reassuring to turn to readings that show why such theory really matters. These essays show how, and why, Australian economics has been able to draw on the best of twentieth-century economics to provide insights into the economic problems of the twenty-first century. In these essays Joseph Halevi, Geoff Harcourt, Peter Kriesler and John Nevile bring a rare scholarship to bear on fundamental questions of how we are to understand the unstable workings of capitalism. Their working through of ideas derived from Keynes, Kalecki and Harrod make this volume essential reading for the renewal of macroeconomics in our times.' Jan Toporowski, Professor of Economics and Finance, School of Oriental and African Studies, University of London, UK 'Four leading post-Keynesian and heterodox economists 'from down under' provide us with a rich menu of essays on three of the great post-Keynesians. The authors' writings provide us with deep insights into the works of Keynes, Harrod and Kalecki, showing the continuing relevance of their analyses. A welcome collection of highly readable essays.' Malcolm Sawyer, Emeritus Professor of Economics, University of Leeds, UK -- In the second volume of Post-Keynesian Essays from Down Under, Halevi, Harcourt, Kriesler and Neville bring together a collection of their most influential papers on policies and applied economics -- Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume III explores the ethics of economics.