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Title The political economy of monetary circuits : tradition and change in post-Keynesian economics / edited by Jean-Francois Ponsot, Sergio Rossi
Published Basingstoke : Palgrave Macmillan, 2009
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Description 1 online resource
Contents Preface: An Alternative (Monetary) Theory of the Market Economy: Work in Progress / F. Ülgen -- Circuit Theory Supplementing Keynes's Genuine Analysis of the Monetary Economy of Production / C. Gnos -- Bridging the Gap between Monetary Circuit Theory and Post-Keynesian Monetary Theory / J. Jespersen -- Monetary Circuit Theory and Money Emissions / S. Rossi -- The Existence of Profits within the Monetary Circuit: Some Unanswered Questions Revisited / L. Rochon -- Saving, Firms' Self-Financing, and Fixed Capital Formation in the Monetary Circuit / J. Bailly -- Finance and the Realization Problem in Rosa Luxemburg: a 'Circuitist' Reappraisal / R. Bellofiore & M. Passarella -- Money, Capital Turnover, and the Leisure Class: Thorstein Veblen's Tips for a Monetary Theory of Production / G. Forges-Davanzati & R. Realfonzo -- From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory / S. Figuera -- The Dynamics of the Monetary Circuit / S. Keen -- The Financialization of Modern Economies in Monetary Circuit Theory / M. Pilkington
Summary This collection of essays in the tradition of monetary circuit theory, also known as monetary theory of production, elaborates on the foundations of modern monetary macroeconomics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance. The contributors, all prominent experts in these fields, explain a number of economic activities, such as production, consumption, investment, and fixed capital accumulation, in terms of monetary circuits, providing a deeper understanding of the working of contemporary economic systems. This book offers an original analysis of the fundamental factors that led to the current global economic and financial crisis. It will be of great interest to students, postgraduates and scholars in monetary economics, as well as to practitioners and decision makers involved in monetary, banking and financial policies
Bibliography Includes bibliographical references and indexes
Notes Print version record
Subject Keynesian economics.
Monetary policy.
Money.
Production (Economic theory)
Form Electronic book
Author Ponsot, Jean-françois, 1967-
Rossi, Sergio, 1967-
Palgrave Connect (Online service)
LC no. 2009043959
ISBN 0230245722 (electronic bk.)
9780230245723 (electronic bk.)
(hardback)
(hardback)