Money, enterprise and income distribution : towards a macroeconomic theory of capitalism

Bibliographic Information

Money, enterprise and income distribution : towards a macroeconomic theory of capitalism

John Smithin

(Routledge frontiers of political economy, 106)

Routledge, 2009

  • : hbk

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Note

Includes bibliographical references (p. [204]-216) and index

Description and Table of Contents

Description

Mainstream neoclassical economics tells us that money is essentially a commodity, has no other social meanings or consequences, and (therefore) exists only as a medium of exchange to lubricate/facilitate barter. This book takes the view that money is definitively a social relation between private persons or legal persons. As such, it is one of the main building blocks of the complex structure of social relations of capitalism itself.

Table of Contents

1. Money and alternative visions of capitalism, 2. Economics and politics, 3. Methodological issues in monetary research, 4. The role of money in the economy, 5. The determination of interest rates, 6. A theory of profit, 7. A theory of wages, 8. Effective demand, income distribution, and economic growth, 9. Endogenous money, monetary policy and inflation, 10. A complete macroeconomic model of output growth, inflation, and income distribution, 11. Notes on fiscal policy and the public finances, 12. Concluding remarks

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Details
  • NCID
    BA8700538X
  • ISBN
    • 9780415197731
  • LCCN
    2007049633
  • Country Code
    uk
  • Title Language Code
    eng
  • Text Language Code
    eng
  • Place of Publication
    Abingdon
  • Pages/Volumes
    xviii, 222 p.
  • Size
    24 cm
  • Classification
  • Subject Headings
  • Parent Bibliography ID
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