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. |
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... investment demand must be faced ; the simple income multiplier in contrast starts with a given investment expenditure after all financial constraints have been taken into account . As in the previous numerical examples , the role of non ...
... investment ex ante . Investment demand is triggered by the government spending , setting off both the income supermultiplier and the bank multiplier as banks are confronted with demand for their excess reserves . The process is exported ...
... investment relates to the direct investment component of the capital account . This account measures the value of new plant and equipment installed by external interests , compared with direct investment effected elsewhere by interests ...
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