Post Keynesian Monetary Economics

✍ Scribed by Stephen Rousseas (auth.)

• Publisher: Palgrave Macmillan UK
• Year: 1998
• Tongue: English
• Leaves: 177
• Edition: 3
• Category: Library

✦ Synopsis

A Post Keynesian critique of monetarism and of contemporary Keynesian theory, calling for a return to the original ideas of John Maynard Keynes. Its primary emphasis is on the endogeneity of the money supply and on the financial innovations that have served to limit the effectiveness of monetary policy. It calls for the addition of a selective control over the flow of credit in the economy as an addition to the conventional Keynesian contracyclical tools for keeping the economy at full employment, along with a recognition that inflation is a function of money wages and not the aggregate supply or money.

✦ Table of Contents

Front Matter....Pages i-xv
Introduction....Pages 1-15
The Peculiarity of Money....Pages 17-36
The Demand for Money and the Rate of Interest....Pages 37-73
The Endogenous Money Supply....Pages 75-90
The Weintraub-Kaldor Models of Endogeneity....Pages 91-116
The Policy Implications of Post Keynesian Monetary Theory....Pages 117-143
Back Matter....Pages 145-168

✦ Subjects

Economic Theory/Quantitative Economics/Mathematical Methods; Macroeconomics/Monetary Economics//Financial Economics