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Post-Keynesian Monetary Theory

Post-Keynesian Monetary Theory
Author: Marc Lavoie
Publisher: Edward Elgar Publishing
Total Pages: 416
Release: 2020-09-25
Genre: Business & Economics
ISBN: 1839100095

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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.


Post Keynesian Monetary Economics

Post Keynesian Monetary Economics
Author: Rousseas
Publisher: Routledge
Total Pages: 144
Release: 2016-06-16
Genre: Business & Economics
ISBN: 1315486164

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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.


Post Keynesian Theory and Policy

Post Keynesian Theory and Policy
Author: Paul Davidson
Publisher: Edward Elgar Publishing
Total Pages: 160
Release: 2015-08-28
Genre: Business & Economics
ISBN: 1784718254

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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


Introduction to Post-Keynesian Economics

Introduction to Post-Keynesian Economics
Author: M. Lavoie
Publisher: Springer
Total Pages: 150
Release: 2007-06-15
Genre: Business & Economics
ISBN: 0230626300

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This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and monetary theory, and offers an alternative to neoclassical economics and its free-market economic policies.


Post Keynesian Monetary Economics

Post Keynesian Monetary Economics
Author: Stephen Rousseas
Publisher: Springer
Total Pages: 177
Release: 1998-05-06
Genre: Business & Economics
ISBN: 1349264563

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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.


Post-Keynesian Economic Theory

Post-Keynesian Economic Theory
Author: Paul Wells
Publisher: Springer Science & Business Media
Total Pages: 120
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461523311

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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.


Credit, Money, and Production

Credit, Money, and Production
Author: Louis-Philippe Rochon
Publisher: Edward Elgar Publishing
Total Pages: 360
Release: 1999-11-25
Genre: Business & Economics
ISBN: 9781781959596

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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.


Money, Method and Contemporary Post-Keynesian Economics

Money, Method and Contemporary Post-Keynesian Economics
Author: Sheila Dow
Publisher: Edward Elgar Publishing
Total Pages: 208
Release: 2018-07-27
Genre: Business & Economics
ISBN: 1786439867

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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.


Post Keynesian Macroeconomic Theory, Second Edition

Post Keynesian Macroeconomic Theory, Second Edition
Author: Paul Davidson
Publisher: Edward Elgar Publishing
Total Pages: 360
Release: 2011-01-01
Genre: Business & Economics
ISBN: 184980981X

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This important text develops Keynes's analytical framework for both closed and open economies and provides policy guidance for the global economy of the 21st century. In particular, it deals with problems such as inflation,financial contagion, global unemployment, outsourcing, trade patterns, and developing an international financial system that encourages expansionary growth among all trading partners while avoiding sovereign debt problems. Using this textbook in macroeconomics courses will provide students with apragmatic insight that will be both useful and productive.


Money in Motion

Money in Motion
Author: Ghislain Deleplace
Publisher: Springer
Total Pages: 770
Release: 2016-07-27
Genre: Business & Economics
ISBN: 1349245259

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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.