Money in motion : the post Keynesian and circulation approaches

書誌事項

Money in motion : the post Keynesian and circulation approaches

edited by Ghislain Deleplace and Edward J. Nell

(The Jerome Levy Economics Institute series)

Macmillan Press , St. Martin's Press, 1996

  • : uk
  • : us

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注記

Includes bibliographical references and indexes

内容説明・目次

巻冊次

: us ISBN 9780312125431

内容説明

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.
巻冊次

: uk ISBN 9780333566954

内容説明

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.

目次

  • Acknowledgements - Notes on the Contributors - PART 1: EDITORS' INTRODUCTION: MONETARY CIRCULATION AND EFFECTIVE DEMAND - PART 2: BASIC THEORETICAL APPROACHES - Introduction - A: Post Keynesian Theory - What are the Essential Elements of Post Keynesian Monetary Theory?
  • P.Davidson - The Essential Characteristics of Post Keynesian Economics
  • H.P.Minsky - The Money Supply Process: a Historical Reinterpretation
  • B.J.Moore - B: Circulation Views - A New Paradigm for the Determination of Money Prices
  • B.Schmitt - Money as Purchasing Power and Money as a Stock of Wealth in Keynesian Economic Thought
  • A.Graziani - Beyond Scarcity: A Reappraisal of the Theory of the Monetary Circuit
  • A.Parguez - Payments Systems and Dynamics in a Monetary Economy
  • J.Cartelier - PART 3: THE TWO TRADITIONS: COMMENTARY AND HISTORY - Introduction - A: Searching for the Roots of Circulation Theory - The Circuit of Money in a Production Economy
  • E.J.Nell - Does Circulation need a Monetary Standard?
  • G.Deleplace - The Relevance to Modern Economics of the Banking School View
  • P.Mehrling - The National Economy Studied as a Whole: Aspects of Circular Flow Analysis in the German Language
  • B.Schmitt & S.Greppi - B: Confronting the Mainstream - The Ambiguity of the Notion of General Equilibrium with a Zero-Price for Money
  • C.Benetti - Basic Choices in Keynesian Models of Credit G.A.Dymski - C: Comparing Post Keynesian and Circulation Approaches - Post Keynesian Fundism and Monetary Circulation
  • M.Seccareccia - Investment Decisions in Circuit and Post Keynesian Approaches: a Comparison
  • R.Arena - PART 4: ENDOGENEOUS MONEY - Introduction - A: The Relevance of the Institutional Framework - Money in the Circular Flow
  • L.R.Wray - Monetary Circulation and Overdraft Economy
  • F.Renversez - B: Explanations of Endogeneity: Accommodation or Structure - Money Supply Endogeneity: What are the Questions and Why do they Matter?
  • R.Pollin - Beyond Endogeneous Money, Toward Endogeneous Finance
  • T.I.Palley - Monetary Policy in an Economy with Endogeneous Credit Money
  • M.Lavoie - PART 5: INNOVATIVE FINANCE Introduction - A: Finance, Risks and Crises - Systems Risks, Financial Innovations, and the Financial Safety Net
  • M.Aglietta - Financial Crises and the Business Cycle: How Different are the 80's?
  • M.Wolfson - B: Finance and the Business Cycle - Finance, Profit Expectations, and Investment in the Business Cycle: Theories and Empirical Evidence
  • W.Semmler & R.Franke - Finance Constraints, Accumulation, and Business Cycles
  • M.Jarsulic - PART 6: POLICY - Introduction - The Policy Implications of the Current Banking Crisis, or, Is Free Market Capitalism Compatible with Endogeneous Money?
  • J.A.Kregel - The Spheres of Industrial and Financial Circulation Revisited, and their Implications for Post Keynesian Economic Policy
  • S.Rousseas - Profit Squeeze, Rentier Squeeze, and Macroeconomic Policy under Fixed and Flexible Exchange Rates
  • G.Epstein - The European Plan for the Creation of a Single Currency
  • S.de Brunhoff - Afterword - Index

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詳細情報

  • NII書誌ID(NCID)
    BA2770607X
  • ISBN
    • 0333566955
    • 0312125437
  • LCCN
    94043328
  • 出版国コード
    uk
  • タイトル言語コード
    eng
  • 本文言語コード
    eng
  • 出版地
    Basingstoke, Hampshire,New York
  • ページ数/冊数
    xiii, 770 p.
  • 大きさ
    23 cm
  • 分類
  • 件名
  • 親書誌ID
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