Front cover image for Complexity, Endogenous Money and Macroeconomic Theory : Essays in Honour of Basil J. Moore

Complexity, Endogenous Money and Macroeconomic Theory : Essays in Honour of Basil J. Moore

During a distinguished career, Basil Moore has made numerous important contributions to macroeconomics and monetary economics, and is renowned as the progenitor of the 'horizontalist' analysis of endogenous money. Featuring essays, this book celebrates and explores Basil Moore's interests in and contributions to monetary and macroeconomic theory
eBook, English, 2006
Edward Elgar Publishing, Cheltenham, 2006
1 online resource (436 pages)
9781847203113, 1847203116
1058042074
List of contributors; Foreword; Preface; Acknowledgements; A tribute to Basil J. Moore and an introduction to Complexity, Endogenous Money and Macroeconomic Theory; 1. Accounting identities: more than just bookkeeping conventions; 2. The need and some methods for dynamic modelling in Post Keynesian economics; 3. The complex problem of modelling economic complexity; 4. Complex dynamics and Post Keynesian economics; 5. Corridor of viability: complexity analysis for enterprise and investment. 6. Effective demand and endogenous money in a path-dependent economy: towards a 'Moorian' credit supply curve
and a reconciliation between horizontalists and structuralists?7. Exogenous versus endogenous money: the conceptual foundations; 8. The endogeneity of money and the Eurosystem: a contribution to the theory of central banking; 9. Endogenous money, central banks and the banking system: Basil Moore and the supply of credit; 10. The demand for endogenous money: a lesson in institutional change. 11. Tax-driven money: additional evidence from the history of economic thought, economic history and economic policy12. Monetary policy when money is endogenous; 13. ICT, financial innovation and monetary policy: some critical considerations; 14. Features of a realistic banking system within a Post-Keynesian stock-flow consistent model; 15. When are interest rates exogenous?; 16. Exogenous interest rates and modern monetary theory and policy: Moore in perspective; 17. Gradualism in the adjustment of official interest rates: some partial explanations. PART V Unemployment, inflation and the determination of aggregate income20. Institutionalist-Post Keynesian economics and the Post Monetarist new consensus; 21. A future for Keynesian macroeconomics; Selected works by Basil J. Moore; Index