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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Sheila C. Dow. 5. Post Keynesian Monetary Theory for an Open Economy This chapter is a slightly amended version of an article of the same title which appeared in the Journal of Post Keynesian Economics , 9 ( 2 ) , pp . 237-59 , 1986-87 ...
... KEYNESIAN THEORY OF MONEY AND THE BUSINESS CYCLE IN A CLOSED ECONOMY Post Keynesian theory analyses economies out of equilibrium within historical time , that is , it analyses irreversible ... Keynesian theory of money and the business cycle.
... Keynesian monetary theory . Indeed , much of the renewed interest in Marxian monetary theory has developed along lines very similar to Post Keynesian theory . Post Keynesian theory develops Keynes ' theory of liquidity preference ...
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