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| Author | : Mark Setterfield |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 437 |
| Release | : 2006-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1847203116 |
Download Complexity, Endogenous Money and Macroeconomic Theory Book in PDF, ePub and Kindle
That the chapters in the volume cover such a wide range of important, often fundamental, topics is a proper tribute to Basil Moore s influence and contributions over his working life. From the foreword by G.C. Harcourt, Jesus College, Cambridge, UK During a distinguished career, Basil Moore has made numerous important contributions to macroeconomics and monetary economics, and is renowned as the progenitor of the horizontalist analysis of endogenous money. More recently, he has embraced complexity theory as part of an ongoing effort to understand macroeconomics as an evolving, path-dependent process. This book celebrates and explores Basil Moore s interests in and contributions to monetary and macroeconomic theory. Complexity, Endogenous Money and Macroeconomic Theory features original essays by internationally acclaimed and expert authors. It comprises a selection of papers on five distinct but interrelated themes: economic concepts, tools and methodology; complexity, uncertainty and path dependence; the macroeconomics of endogenous money; the macroeconomics of exogenous interest rates; and unemployment, inflation and the determination of aggregate income. These papers combine to provide a comprehensive methodological and theoretical discussion of the macroeconomics of a monetary production economy. The book will be of interest to professionals and research students in the fields of macroeconomics and monetary economics especially those with an interest in the Post Keynesian approach to analyzing these fields, including the wide audience that has been reached by the contributions of Basil Moore himself.
| Author | : B. Moore |
| Publisher | : Springer |
| Total Pages | : 556 |
| Release | : 2006-04-04 |
| Genre | : Business & Economics |
| ISBN | : 0230512135 |
Download Shaking the Invisible Hand Book in PDF, ePub and Kindle
This book makes the case that economies are complex systems and in response to this, develops a unique dynamic nonequilibrium process analysis of macroeconomics. It provides a brief introduction to complex systems, chaos theory and unit roots. The importance and implications of contingency for economic behaviour are developed.
| Author | : Louis-Philippe Rochon |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 464 |
| Release | : 2017-10-27 |
| Genre | : Endogenous growth |
| ISBN | : 1783472243 |
Download Advances in Endogenous Money Analysis Book in PDF, ePub and Kindle
The endogenous nature of money is a fact that has been recognized rather late in monetary economics. Today, it is explained most comprehensively by the theory of money in post-Keynesian monetary theory. The expert contributors to this enlightening book revisit long-standing debates on the endogeneity of money from the position of both horizontalists and structuralists, and prescribe new areas of research and debate for post-Keynesian scholars to explore.
| Author | : L. Randall Wray |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 360 |
| Release | : 1990 |
| Genre | : Capitalism |
| ISBN | : |
Download Money and Credit in Capitalist Economies Book in PDF, ePub and Kindle
This widely acclaimed book argues that money is not the product of a simple deposit multiplier process. The impressive analysis includes discussions of the origins and nature of money and of the evolution of monetary institutions and theory. Unlike other recent works on 'endogenous money', this book incorporates liquidity preference theory within the analysis by carefully distinguishing money from liquidity and by showing how money, but not liquidity, is created on demand. This naturally leads to a role for liquidity preference in the determination of interest rates. Extensions then link money to financial instability, the expenditure multiplier, credit, saving, investment, development, deficits and growth. This controversial and provocative book will be essential reading for all economists and researchers concerned with monetary and macroeconomics. It will have particular appeal to post Keynesian economists.
| Author | : G. Fontana |
| Publisher | : Springer |
| Total Pages | : 341 |
| Release | : 2016-04-30 |
| Genre | : Business & Economics |
| ISBN | : 023029166X |
Download Macroeconomic Theory and Macroeconomic Pedagogy Book in PDF, ePub and Kindle
This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16 essays on topics including the 3-equation New Consensus model, extensions and alternatives to this model, and endogenous money and finance.
| Author | : John Smithin |
| Publisher | : Routledge |
| Total Pages | : 530 |
| Release | : 2002-01-31 |
| Genre | : Business & Economics |
| ISBN | : 1134623666 |
Download What is Money? Book in PDF, ePub and Kindle
This volume provocatively rethinks the economics, politics and sociology of money and examines the classic question of what is money. Starting from the two dominant views of money, as neutral instrument and as social relation, What is Money? presents a thematic, interdisciplinary approach which points to a definitive statement on money. Bringing together a variety of neclassical and heterodox perspectives, this work collects the latest thinking of some of the best-known economics scholars on the question of money. The contributors are Victoria Chick, Kevin Dowd, Gilles Dostaler, Steve Fleetwood, Gunnar Heinsohn, Geoff Ingham, Peter Kennedy, Peter G. Klein, Bernard Maris, Scott Meikle, Alain Parguez, Colin Rodgers, T.K.Rymes, Mario Seccarreccia, George Selgin, Otto Steiger, John Smithin and L. Randall Wray.
| Author | : Basil J. Moore |
| Publisher | : |
| Total Pages | : 420 |
| Release | : 1988 |
| Genre | : Business & Economics |
| ISBN | : 9780521350792 |
Download Horizontalists and Verticalists Book in PDF, ePub and Kindle
Challenging the validity of much of mainstream macroeconomics, Basil Moore argues that the money supply in modern economies is not under the control of central banks, but rather is determined by borrower demand for bank credit. He then explores the implications of this perception for conventional macroeconomic theory. Mainstream analysis takes the view that central banks have it in their power to initiate exogenous changes in the nominal supply of money. In contrast to this "verticalist" view, this book contends that the supply of credit money is endogenous, and responds to changes in the demand for bank credit. This new "horizontalist" view holds that cental banks have the ability to set the supply price of money through short term interest rates, but not the quantity of money. Concluding that a new macroeconomic paradigm must be developed, Moore attempts to initiate the larger task of theory reconstruction that lies ahead.
| Author | : Thomas J. Sargent |
| Publisher | : |
| Total Pages | : 432 |
| Release | : 1979 |
| Genre | : Business & Economics |
| ISBN | : |
Download Macroeconomic Theory Book in PDF, ePub and Kindle
Macroeconomic Theory, in its first edition, was widely adopted for use as a graduate text; this updated and expanded version should find even greater popularity as a text and as a research reference. It has been substantially revised to include three entirely new chapters: The Consumption Function, Government Debt and Taxes, and Dynamic Optimal Taxation. Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty.Key Features* This book has been substantially revised to include three entirely new chapters on consumption, government debt and taxes, and dynamic optimal taxation* Significant additions have been made to three of the original chapters dealing with difference equations, stochastic difference equations, and investment under uncertainty
| Author | : Frank Zahn |
| Publisher | : Prentice Hall |
| Total Pages | : 344 |
| Release | : 1975 |
| Genre | : Business & Economics |
| ISBN | : |
Download Macroeconomic Theory and Policy Book in PDF, ePub and Kindle
| Author | : Catherine Kyrtsou |
| Publisher | : Routledge |
| Total Pages | : 273 |
| Release | : 2020-06-04 |
| Genre | : Business & Economics |
| ISBN | : 042958394X |
Download New Facets of Economic Complexity in Modern Financial Markets Book in PDF, ePub and Kindle
The book is motivated by the disruptions introduced by the financial crisis and the many attempts that have followed to propose new ideas and remedies. Assembling contributions by authors from a variety of backgrounds, this collection illustrates the potentials resulting from the marriage of financial economics, complexity theory and an out-of-equilibrium view of the economic world. Challenging the traditional hypotheses that lie behind financial market functioning, new evidence is provided about the hidden factors fuelling bubbles, the impact of agents’ heterogeneity, the importance of endogeneity in the information transmission mechanism, the dynamics of herding, the sources of volatility, the portfolio optimization techniques, the financial innovation and the trend identification in a nonlinear time-series framework. Presenting the advances made in financial market analysis, and putting emphasis on nonlinear dynamics, this book suggests interdisciplinary methodologies for the study of well-known stylised facts and financial abnormalities. This book was originally published as a special issue of The European Journal of Finance.
