Critiquing the rise of monetarism since the 1960s and the bowdlerization of Keynesian economics into a neoclassical general equilibrium model of the economy, Post Keynesian economics seeks to restore the original insights of John Maynard Keynes' General Theory. In a complete repudiation of the teac
Post Keynesian Monetary Economics
β Scribed by Stephen Rousseas (auth.)
- Publisher
- Palgrave Macmillan UK
- Year
- 1986
- Tongue
- English
- Leaves
- 133
- Edition
- 1
- Category
- Library
No coin nor oath required. For personal study only.
β¦ Synopsis
In this book Stephen Rousseas presents a critical overview of some of the central themes of Post Keynesian monetary economics. As Rousseas sees it, Post Keynesian monetary economics rejects the neoclassical and monetarist apporaches. The money supply is seen as a function of nominal income rather than the other way around.
β¦ Table of Contents
Front Matter....Pages i-1
Introduction....Pages 3-14
The peculiarity of money....Pages 15-28
The demand for money and the rate of interest....Pages 29-61
The endogenous money supply....Pages 62-72
The Weintraub-Kaldor models of endogeneity....Pages 73-98
The policy implications of Post Keynesian monetary theory....Pages 99-119
Back Matter....Pages 120-126
β¦ Subjects
Macroeconomics/Monetary Economics//Financial Economics; Finance, general
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