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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... important point is that an increase in uncertainty , a collapse of confidence , in the capital goods sector , translates into a preference for more liquid assets ( or a reduction in illiquid liabilities , that is , debt ) among ...
... importance in neo - Marxian ( and orthodox Marxian ) theory stems from its role as the vehicle for exploitation . Money ... important enough if there is some way in which investment finance is less readily available to borrowers in the ...
... important role by increasing the efficiency of the transformation of savings into investment ' ( World Bank , 1991 , p . 122 ) . But this approach evades a number of important issues . First , as demonstrated by Triffin ( 1964 ) , the ...
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