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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... UNCERTAINTY AND HISTORICAL TIME The methodological framework , in the sense of mode of thought as outlined above , determines broadly the scope of the theoretical structure to be employed . A general equilibrium framework , which is the ...
... uncertainty , and money . But true uncertainty by definition cannot be modelled deterministically ; herein lies its significance for decision - making . It refers to an absence of knowledge , a lack of confidence in one's predictions ...
... uncertainty and money have been excluded from the real exchange model of the orthodoxy . The response has been to include time , uncertainty or money with little impact on the conclusions of the orthodox model . In fact these concepts ...
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