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Author: Marc Lavoie Publisher: Edward Elgar Publishing ISBN: 1839100095 Category : Business & Economics Languages : en Pages : 416
Book Description
Post-Keynesian Monetary Theory recaps the views of Marc Lavoie on monetary theory, seen from a post-Keynesian perspective over a 35-year period. The book contains a collection of twenty previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.
Author: Marc Lavoie Publisher: Edward Elgar Publishing ISBN: 1839100095 Category : Business & Economics Languages : en Pages : 416
Book Description
Post-Keynesian Monetary Theory recaps the views of Marc Lavoie on monetary theory, seen from a post-Keynesian perspective over a 35-year period. The book contains a collection of twenty previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.
Author: Marc Lavoie Publisher: Edward Elgar Publishing ISBN: 9781839100086 Category : Languages : en Pages : 424
Book Description
Post-Keynesian Monetary Theory recaps Marc Lavoie's views on monetary theory over a 35-year period, seen from a post-Keynesian perspective. The book contains a collection of nineteen previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.Readers will find analyses of the earlier advocates of endogenous money such as Nicholas Kaldor and Jacques Le Bourva. They will discover how the arguments in support of the post-Keynesian theory of endogenous money and the credit view of banking have evolved through this 35-year period, and how they have been related to the new procedures pursued by central banks. All these essays show the relevance of the realistic post-Keynesian monetary theory in understanding the subprime and euro crises, quantitative easing and the distributional role of interest rates. Within these pages Marc Lavoie provides an overview of what has happened in post-Keynesian monetary economics over the last three and a half decades for students and scholars with interest in monetary economics, the horizontalist-structuralist debates and the recent history of economic thought.
Author: Rousseas Publisher: Routledge ISBN: 1315486164 Category : Business & Economics Languages : en Pages : 144
Book Description
During the past five years, crises in the US savings and loan industry, commercial banks, and other financial institutions have borne out the ideas that Rousseas expressed in the first edition. His main theme stresses the role of innovation in the financial sector of the economy and its implications for control of the money supply and credit, as well as the larger issue of macroeconomic policy. He holds a Post-Keynesian view of an elastic and endogenous money supply that is largely founded on the "general liquidity thesis" of the Radcliffe Committee. Indeed, the elasticity of the credit structure is even greater than the Radcliffe Committee originally claimed. Tables and charts are revised through 1990, and the text has been revised accordingly. An expanded preface to the revised edition makes this book very relevant to contemporary problems and policy.
Author: Stephen Rousseas Publisher: Springer ISBN: 1349264563 Category : Business & Economics Languages : en Pages : 177
Book Description
A Post Keynesian critique of monetarism and of contemporary Keynesian theory, calling for a return to the original ideas of John Maynard Keynes. Its primary emphasis is on the endogeneity of the money supply and on the financial innovations that have served to limit the effectiveness of monetary policy. It calls for the addition of a selective control over the flow of credit in the economy as an addition to the conventional Keynesian contracyclical tools for keeping the economy at full employment, along with a recognition that inflation is a function of money wages and not the aggregate supply or money.
Author: Paul Wells Publisher: Springer Science & Business Media ISBN: 1461523311 Category : Business & Economics Languages : en Pages : 120
Book Description
Post-Keynesian Economic Theory explores and develops several areas of post- Keynesian economics most in need of additional fundamental research, including: a monetary theory of production; post-Keynesian price theory; international economics; labor economics; financing aggregate demands; and the liquidity preference theory of interest. The book presents a constructive post-Keynesian critique of contemporary macroeconomic conceptualization and practice. It illustrates the illusory character of the search for unique, determinate results in the problems of macroeconomics and clearly demonstrates the complexity and resulting richness of meaningful economic theory.
Author: Louis-Philippe Rochon Publisher: Edward Elgar Publishing ISBN: 9781781959596 Category : Business & Economics Languages : en Pages : 360
Book Description
Rochon (economics and banking, Kalamazoo College) uses a horizontalist perspective to offer a historical overview of the post-Keynesian and circuit approaches to endogenous money, and provides an informed critique of the development of post-Keynesian economics. He argues that rather than emphasizing the early writings of Minsky, Kaldor, and Tobin in the 1950s and of Davidson and Rousseas later, post Keynesians ought to have followed the writings of Joan Robinson and Richard Kahn who offered better theories of credit-money.
Author: Paul Davidson Publisher: Edward Elgar Publishing ISBN: 1784718254 Category : Business & Economics Languages : en Pages : 160
Book Description
How did economic ÒexpertsÓ worldwide fail to predict the financial crisis of 2007-2008? Eminent economist Paul Davidson discusses how mainstream economic theory may not be applicable to the world of experience. Post Keynesian theory is designed to be a
Author: Sheila Dow Publisher: Edward Elgar Publishing ISBN: 1786439867 Category : Business & Economics Languages : en Pages : 208
Book Description
This volume concentrates on contemporary Post-Keynesian contributions in money, method and economic policy. Post-Keynesian economics shares with Keynes the ambition of understanding the economy as a whole and as an integrated part of society. The book begins by analysing money, banks and finance as dynamic phenomena, followed by chapters focusing on methodological themes such as uncertainty, longer-term issues, sustainability and other non-monetary economic activities.
Author: Ghislain Deleplace Publisher: Springer ISBN: 1349245259 Category : Business & Economics Languages : en Pages : 770
Book Description
In analyzing money, contemporary economics has focused its attention on money's function as a store of value, neglecting its role as medium of circulation. When circulation is put center stage, it becomes apparent that the supply of money does indeed adapt to the needs of trade - and does so in many different ways, often ways that are difficult for a central bank to control, because they reflect the responses of banks and other financial institutions to market incentives. But money's role in circulation must be coordinated with its store of value function, and both with finance. Failure here can lead to instability. The essays in this volume by internationally renowned economists cover these issues in original and contrasting analyses, presenting the American post-Keynesian perspective, on the one hand, and the point of view of the French Circulation School, on the other.
Author: Stephen William Rousseas Publisher: Routledge ISBN: Category : Chicago school of economics Languages : en Pages : 144
Book Description
Rousseas (economics, Vassar College) extends the banking data to 1990, showing how events have supported the argument of the 1985 first edition: that post-Keynesians have largely ignored the problem of financial innovations, and that incomes policy cannot work without simultaneous credit controls. Assumes a fair degree of sophistication in economic theory. Paper edition (unseen), $17.95. Annotation copyright by Book News, Inc., Portland, OR
Author: Marc Lavoie
Author: Marc Lavoie
Author: Marc Lavoie
Author: Rousseas
Author: Stephen Rousseas
Author: Paul Wells
Author: Louis-Philippe Rochon
Author: Paul Davidson
Author: Sheila Dow
Author: Ghislain Deleplace
Author: Stephen William Rousseas