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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... entrepreneurial credit . Rather the above line of argument suggests that limitless credit would bring about effective demand failure by making existing financing assets and non - reproducible real assets a more attractive vehicle for ...
... entrepreneurial expenditure . There may be some ' net ' expenditure at the end of the chain , but not necessarily . In summary , the Euro - currency market offers more scope to banks for speculative lending and borrowing as an ...
... entrepreneurial activity ( depending albeit on the regulatory environment ) . A speculative boom can thus be represented by a monetary circuit M - M ' , which altogether by - passes productive activity . Intermediate conditions can be ...
Contents
Methodology and the Analysis of a Monetary Economy | 5 |
Money Supply Endogeneity | 21 |
The meaning of endogeneity within a theoretical | 27 |
Copyright | |
11 other sections not shown