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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... Keynes ' day had much in common with the current orthodoxy ) , if Keynes was claiming to be saying something new , then he must have done one of three things : introduced a new exogenous variable ( animal spirits ) , or placed a ...
... Keynes ' more general view that firms may operate at less than full capacity for significant periods of time . In the same way , Keynes viewed the significance of financial speculation as applying more generally than simply to the point ...
... Keynes ' thinking is there an objective measure of value by which to measure ' actual ' accumulation in terms of production , relative to total credit creation . As is evident from the quotations above , Keynes envisaged the possibility ...
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