Credit, Money, and Production: An Alternative Post-Keynesian ApproachRochon (economics and banking, Kalamazoo College) uses a horizontalist perspective to offer a historical overview of the post-Keynesian and circuit approaches to endogenous money, and provides an informed critique of the development of post-Keynesian econ |
From inside the book
Results 6-10 of 92
Page 38
... money supply curve . " Consider a bank with a regular supply curve which defines the supply of loans as a rising function of the rate of interest . " 14. Some post - Keynesians also accept this position ( see Forman , Groves and Eichner ...
... money supply curve . " Consider a bank with a regular supply curve which defines the supply of loans as a rising function of the rate of interest . " 14. Some post - Keynesians also accept this position ( see Forman , Groves and Eichner ...
Page 42
... money supply schedule as horizontal , although the precise shape and slope of the supply schedule is still a matter of debate ( Pollin , 1991 ; Palley , 1991 ; Lavoie , 1991 , 1996 ) . Nonetheless , post - Keynesians generally agree that " ...
... money supply schedule as horizontal , although the precise shape and slope of the supply schedule is still a matter of debate ( Pollin , 1991 ; Palley , 1991 ; Lavoie , 1991 , 1996 ) . Nonetheless , post - Keynesians generally agree that " ...
Page 49
You have reached your viewing limit for this book.
You have reached your viewing limit for this book.
Page 53
You have reached your viewing limit for this book.
You have reached your viewing limit for this book.
Page 54
You have reached your viewing limit for this book.
You have reached your viewing limit for this book.
Contents
8 | |
42 | |
The Early Views of Endogenous Money Minsky Kaldor and Tobin | 82 |
The Early Views of Endogenous Money Revisited Davidson and Rousseas versus Robinson and Kahn | 132 |
Horizontalists and Structuralists Credit and Endogenous Money | 155 |
PostKeynesians and Orthodoxy Neo PostKeynesians? | 202 |
New Keynesian Monetary Theory and the Transmission Mechanism A Comparison with PostKeynesian Theory | 232 |
A PostKeynesianCircuitist Theory of Banks Uncertainty Creditworthiness and the Supply of Credit | 278 |
Bibliography | 301 |
Index | 331 |
Other editions - View all
Common terms and phrases
analysis approach Arestis argues argument assets asymmetric information bank credit behavior borrowers causality central bank changes chapter circuitists circulation claims commercial banks credit and money credit rationing credit-money creditworthiness criticism Davidson debt demand for credit demand for money deposits determined Dymski Eichner endogenous money ex ante exogenous finance motive financial innovations firms Graziani Hence horizontalism horizontalist position households increase instance interest rates investment Journal of Post Kalecki Keynesian theory Lavoie liability management liquidity preference loanable funds Macroeconomics mark-up Minsky's monetary circuit monetary policy monetary theory money endogeneity money multiplier money supply curve Moore multiplier model neoclassical Nicholas Kaldor notion orthodox Palley Parguez Pollin portfolio decisions Post Keynesian Economics post-Keynesian theory production profits quantity of money rate of interest Robinson role Rousseas saving Seccareccia structuralists supply of credit supply of money theory of endogenous theory of money Tobin transmission mechanism uncertainty upward sloping velocity of money views Wray