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
Results 1-3 of 24
... aggregates , as determined by interregional financial flows , determines the scale of the national aggregate . Any change in the regional portfolio ratios r and c will change the scale of the national money supply increase . Further ...
... aggregates . As Keynes ( C.W. XXI ) pointed out , an increase in aggregate demand caused by government expenditure in a stagnant sector or region increases output more and prices less than the same expenditure in a fully - employed ...
... aggregate demand - aggregate supply framework , to generate the full - employment long - run general equilibrium solution , financial variables cease to have any real significance , just as in the Walrasian system . ( The practical ...
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