Modern theories of money : the nature and role of money in capitalist economies / edited by Louis-Philippe Rochon and Sergio Rossi.

Format:

Book

Contributor:

Rochon, Louis-Philippe.

Rossi, Sergio.

Language:

English

Subjects (All):

Money.

Capitalism.

Keynesian economics.

Physical Description:

lvi, 588 pages : illustrations ; 25 cm

Place of Publication:

Cheltenham, UK ; Northhampton, MA : Edward Elgar, [2003]

Contents:

Part 1 The Post Keynesian Monetary Approach

1. Money: Means of Payment or Store of Wealth? / Malcolm Sawyer 3

2. Endogenous Money, Banks and the Revival of Liquidity Preference / Virginie Monvoisin, Corinne Pastoret 18

3. Modern Theory and Practice of Central Banking: An Endogenous Money Perspective / Giuseppe Fontana, Alfonso Palacio-Vera 41

4. Monetary Control in the Presence of Endogenous Money and Financial Innovation: The Case for Asset-Based Reserve Requirements / Thomas I. Palley 67

5. Seigniorage or Sovereignty? / L. Randall Wray 84

6. Asymmetric Information, Credit Rationing and the Stiglitz and Weiss Model / Santonu Basu 103

Part 2 The Theory of the Monetary Circuit

7. On Money and Endogenous Money: Post Keynesian and Circulation Approaches / Louis-Philippe Rochon 115

8. Thinking of the Economy as a Circuit / Biagio Bossone 142

9. Pricing, Investment and the Financing of Production within the Framework of the Monetary Circuit: Some Preliminary Evidence / Mario Seccareccia 173

10. Money as Finance and Money as Universal Equivalent: Re-reading Marxian Monetary Theory / Riccardo Bellofiore, Riccardo Realfonzo 198

11. How Heterodox is the Heterodoxy of Monetary Circuit Theory? The Nature of Money and the Microeconomics of the Circuit / Alberto Zazzaro 219

12. Post Keynesian Controversies on Endogenous Money: An Alternative Interpretation / Pierre Piegay 246

Part 3 The Theory of Money Emissions

13. An Internal Critique of General Equilibrium Theory / Bernard Schmitt, Curzio De Gottardi 265

14. IS-LM: A Final Rejection / Alvaro Cencini 295

15. Circuit Theory as an Explanation of the Complex Real World / Claude Gnos 322

16. Money and Banking in a Monetary Theory of Production / Sergio Rossi 339

17. On the Macroeconomic Foundations of the Wage-Price Relationship / Jean-Luc Bailly 360

18. Involuntary Unemployment and Investment / Xavier Bradley 384

Part 4 Further Contributions to Monetary Analysis

19. Keynes and the Classics: Notes on the Monetary Theory of Production / Heinrich Bortis 411

20. The Pervasive Saving Constraint in Minsky's Theory of Crisis and the Dual Profits Hypothesis: Minsky as a Post Keynesian Hayekian / Alain Parguez 475

21. A Primer on Endogenous Credit-Money / Marc Lavoie 506

22. The Gold Standard and Centre-Periphery Interactions / Matias Vernengo 544.

Notes:

Includes bibliographical references and indexes.

ISBN:

1840647892

OCLC:

50898833