Complexity, Endogenous Money and Macroeconomic Theory: Essays in Honour of Basil J. MooreMark Setterfield That the chapters in the volume cover such a wide range of important, often fundamental, topics is a proper tribute to Basil Moore s influence and contributions over his working life. From the foreword by G.C. Harcourt, Jesus College, Cambridge, UK During |
Contents
| 1 | |
PART I Economic concepts tools and methodology | 19 |
more than just bookkeeping conventions | 21 |
2 The need and some methods for dynamic modelling in Post Keynesian economics | 36 |
PART II Complexity uncertainty and path dependence | 61 |
3 The complex problem of modelling economic complexity | 63 |
4 Complex dynamics and Post Keynesian economics | 74 |
complexity analysis for enterprise and investment | 99 |
additional evidence from the history of economic thought economic history and economic policy | 202 |
12 Monetary policy when money is endogenous | 221 |
some critical considerations | 236 |
14 Features of a realistic banking system within a PostKeynesian stockflow consistent model | 251 |
PART IV The macroeconomics of exogenous interest rates | 269 |
15 When are interest rates exogenous? | 271 |
Moore in perspective | 290 |
some partial explanations | 306 |
towards a Moorian credit supply curve and a reconciliation between horizontalists and structuralists? | 119 |
PART III The macroeconomics of endogenous money | 139 |
the conceptual foundations | 141 |
a contribution to the theory of central banking | 150 |
Basil Moore and the supply of credit | 170 |
a lesson in institutional change | 187 |
PART V Unemployment inflation and the determination of aggregate income | 335 |
20 InstitutionalistPost Keynesian economics and the Post Monetarist new consensus | 368 |
21 A future for Keynesian macroeconomics | 389 |
| 407 | |
| 411 | |
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agents aggregate demand analysis approach Arestis argues assets balance sheet bank loans bank’s banking system Basil Moore behavior borrowers business cycle capital capitalist central bank money chapter Charles Goodhart commercial banks credit money credit supply schedule currency curve Davidson debt demand for money determined developed economists Edward Elgar effective demand endogenous money equation equilibrium European Central Bank Eurosystem exchange rate exogenous expectations Figure firms forecast full employment Goodhart growth horizontal increase inflation investment IS-LM model issue Journal of Economic Journal of Post Kaldor Keynes Keynes's Lavoie liabilities liquidity preference long run Macmillan macroeconomic ment Minsky Monetarism monetary policy monetary theory money supply money supply function Moore’s neoclassical nomic output payment Phillips curve Post Keynesian Economics production profit rate of interest ratio reserves result role Romer Rosser sector Setterfield short-run stability target tion UK and Northampton uncertainty variable wage Wray
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Page xi - The author and publishers wish to thank the following who have kindly given permission for the use of copyright material.