A handbook of alternative monetary economics

Author(s)

• Arestis, Philip
• Sawyer, Malcolm C. (Malcolm Charles)

Bibliographic Information

A handbook of alternative monetary economics

edited by Philip Arestis and Malcolm Sawyer

E. Elgar, c2006

• : pbk

Note

Includes bibliographical references and index

Description and Table of Contents

Description

This major Handbook consists of 29 contributions that explore the full range of exciting and interesting work on money and finance currently taking place within heterodox economics. There are many themes and facets of alternative monetary and financial economics but two major ones can be identified. The first concerns the nature of money: money is credit created through the financial system in the process of loan creation. The second theme is that money is endogenous and not exogenous. Contributions to the Handbook cover the origins and nature of money, detailed analyses of endogenous money, surveys of empirical work on endogenous money and the nature of monetary policy when money is endogenous. The second theme focuses on the financial system, and the perception that it is generally subject to volatility, instability and crisis. This Handbook will undoubtedly serve as the ultimate guide to the full spectrum of alternative monetary economics. Philip Arestis and Malcolm Sawyer have performed an invaluable task in compiling a comprehensive Handbook, written by leading specialists, that will be required reading by upper level undergraduate and postgraduate students studying money, finance and macroeconomics as well as heterodox and monetary economists more generally.

Table of Contents

Contents: Preface 1. Money: An Alternative Story Eric Tymoigne and L. Randall Wray 2. Endogenous Money: Accommodationist Marc Lavoie 3. Endogenous Money: Structuralist Sheila C. Dow 4. The Endogeneity of Money: Empirical Evidence Peter Howells 5. Chartalism and the Tax-Driven Approach to Money Pavlina R. Tcherneva 6. French Circuit Theory Claude Gnos 7. The Italian Circuitist Approach Riccardo Realfonzo 8. The Theory of Money Emissions Sergio Rossi 9. Keynes and Money Paul Davidson 10. Minsky on Financial Instability Elizabetta De Antoni 11. Kalecki on Money and Finance Malcolm Sawyer 12. Karl Marx's Theory of Money and Credit Suzanne de Brunhoff and Duncan K. Foley 13. The Transmission Mechanism of Monetary Policy: A Critical Review Greg Hannsgen 14. Monetary Policy James Forder 15. Monetary Policy in an Endogenous Money Economy Thomas I. Palley 16. Central Bank and Lender of Last Resort Michael Knittel, Sybille Sobczak and Peter Spahn 17. The Theory of Interest Rates John Smithin 18. The Role of Banks in the Context of Economic Development with Reference to South Korea and India Santonu Basu 19. Credit Rationing Roy J. Rotheim 20. Liquidity Preference Theory Joerg Bibow 21. Financial Liberalization and the Relationship Between Finance and Growth Philip Arestis 22. Deregulation Dorene Isenberg 23. Banking and Financial Crises Gary A. Dymski 24. A Post-Keynesian Analysis Financial Crisis in the Developing World and Directions for Reform Ilene Grabel 25. Financial Bubbles Mark Hayes 26. Keynesian Uncertainty and Money Giuseppe Fontana 27. Speculation, Liquidity Preference and Monetary Circulation Korkut A. Erturk 28. Money and Inflation Mathias Vernengo 29. Interest and Money: The Property Explanation Gunnar Heinsohn and Otto Steiger Index

by "Nielsen BookData"

Details

• NCID: BA80221081
• ISBN:
  • 9781843769156
  • 9781848441194
• LCCN: 2005033750
• Country Code: uk
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cheltenham, U.K.
• Pages/Volumes: ix, 524 p.
• Size: 25 cm
• Classification:
  • LCC : HG221
  • DC22 : 332.4/01
• Subject Headings:
  • LCSH : Money
  • LCSH : Monetary policy
  • LCSH : Finance
  • LCSH : Economics