Theories of financial disturbance : an examination of critical theories of finance from Adam Smith to the present day

書誌事項

Theories of financial disturbance : an examination of critical theories of finance from Adam Smith to the present day

Jan Toporowski

Edward Elgar, c2005

  • : pbk.

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注記

Includes bibliographical references (p. 172-188) and index

内容説明・目次

内容説明

Theories of Financial Disturbance examines how the operations of market-driven finance may initiate and transmit disturbances to the economy at large, by looking in detail at how various economists envisaged such disturbances occurring. This book is more than just a study in the history of economic thought - it illustrates how economic debate focuses upon financial disturbance at times of financial instability, and then conveniently discards critical views when such instability recedes. Jan Toporowski looks at the development of critical theories from the views of Adam Smith and Francois Quesnay, and their reflection in recent new Keynesian ideas of Joseph Stiglitz and Ben Bernanke, through credit cycles in Alfred Marshall and Ralph Hawtrey, to the financial theories of Thorstein Veblen and Irving Fisher. Also studied are the theories of John Kenneth Galbraith, Michal Kalecki, John Maynard Keynes, Charles Kindleberger, Rosa Luxemburg, Hyman P. Minsky, Robert Shiller and Josef Steindl. Not least among the original features of this book are a discussion of Quesnay's attitude towards interest, and a chapter devoted to the work of the Polish monetary economist Marek Breit, whose work inspired Kalecki. Jan Toporowski's fascinating work will find its audience in academics of finance and financial economics, bankers, financiers and policy makers concerned with financial stability as well as anyone looking for arguments on the imperfect functioning of finance.

目次

Contents: Introduction Part I: A Premonition of Financial Fragility 1. Adam Smith's Economic Case Against Usury 2. The Vindication of Finance Part II: Critical Theories of Finance in the Twentieth Century: Unstable Money and Finance 3. Thorstein Veblen and Those 'Captains of Finance' 4. Rosa Luxemburg and the Marxist Subordination of Finance 5. Ralph Hawtrey and the Monetary Business Cycle 6. Irving Fisher and Debt Deflation 7. John Maynard Keynes's Financial Theory of Under-Investment I: Towards Doubt 8. John Maynard Keynes's Financial Theory of Under-Investment II: Towards Uncertainty Part III: Critical Theories of Finance in the Twentieth Century: In the Shadow of Keynes 9. The Principle of Increasing Risk I: Marek Breit 10. The Principle of Increasing Risk II: Michal Kalecki 11. The Principle of Increasing Risk III: Michal Kalecki and Josef Steindl on Profits and Finance 12. A Brief Digression on Later Developments in Economics and Finance 13. The East Coast Historians: John Kenneth Galbraith, Charles P. Kindleberger and Robert Shiller 14. Hyman P. Minsky's Financial Instability Hypothesis 15. Conclusion: The Disturbance of Economists by Finance Bibliography Index

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詳細情報

  • NII書誌ID(NCID)
    BA71926144
  • ISBN
    • 1843764776
    • 1845427637
  • LCCN
    2004056383
  • 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
    Cheltenham, UK
  • ページ数/冊数
    viii, 195 p.
  • 大きさ
    24 cm
  • 分類
  • 件名
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