Money and the Economic ProcessIn this important new book, Sheila Dow argues that money is integral to the economic process and that some common principles may be applied when analysing money's role at the regional, national and international levels. The importance of considering the spatial aspects of money's role has been highlighted by recent developments in Europe and elsewhere. Using a post Keynesian perspective, the first five chapters put forward a methodological and theoretical framework for a theory of money which combines endogenous credit creation and liquidity preference. The next five chapters analyse money's role in the economic process as it affects regional economies. The final two chapters adapt the theory in order to analyse finance and development in the international context, and as a basis for discussing possible international institutional reforms. Money and the Economic Process features some of Sheila Dow's most acclaimed articles and papers in this area, as well as including some new work which reveals the recent development of her thought. |
From inside the book
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... adjustment must take place . If this adjustment takes the form of , say , income deflation in the region with declining competitiveness , then the solution to the underlying payments problem in turn constitutes a problem in itself ...
... adjustment rather than price adjustment , and on the significance of differences in economic structure which determine whether the region is on a growth path or one of decline . Myrdal distinguished between spread effects , by which ...
... adjusting loans every time there was a change in deposit liabilities . Traditional bank multiplier theory implies that ... adjustment is in a sense simply an aggregation of the adjustments that individual firms and households must make ...
Contents
Methodology and the Analysis of a Monetary Economy | 5 |
The different methodological bases of Post Keynesian | 11 |
List of Figures and Tables | 17 |
Copyright | |
18 other sections not shown