Credit, Money, and Production: An Alternative Post-Keynesian ApproachThis thought-provoking book clearly and systematically analyses the post-Keynesian approaches to endogenous money and, in doing so, provides an informed critique of the development of post-Keynesian economics. Using a horizontalist perspective the author offers an historical overview of the post-Keynesian and circuit approaches to endogenous money, starting with a comprehensive survey of the Franco-Italian circuit school. He argues that rather than emphasizing the early writings of Minsky, Kaldor and Tobin in the 1950s and of Davidson and Rousseas later, post-Keynesians ought to have followed the writings of Joan Robinson and Richard Kahn who offered far better theories of credit-money. The author then compares the current post-Keynesian structuralist theory with New Keynesian monetary thought. In conclusion, he develops an innovative theory of banking based on Keynesian uncertainty and consistent with the horizontalist tradition taking into account credit restraints, crunches and creditworthiness. This book will be illuminating to scholars of post-Keynesian economics, macroeconomics, and history of economic thought. |
From inside the book
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... post - Keynesian monetary theory . For instance , Winnett ( 1992 , pp . 47-8 ) claims that : Some versions of the endogeneity assumptions draw post - Keynesians into diversionary disputes with their neo - classical colleagues and ...
... classical economics of David Hume , or even to the monetarist economics of Milton Friedman . If new Keynesian ... post - Keynesians that a dialogue between post- and New Keynesians is a worthwhile endeavor . For instance , how should the ...
An Alternative Post-Keynesian Approach Louis-Philippe Rochon. Kregel , J. ( 1988 ) , " Il ... post - keynésien d'économie monétaire fondé sur la théorie du circuit ... Classical View of Money , Interest , Growth and Distribution " , in G ...
Contents
Credit Money and Production | 8 |
Figures | 41 |
Clarifications | 42 |
Copyright | |
6 other sections not shown