The Role of Credit in the Theory of Endogenous Money - A Post-Keynesian Analysis of Credit Institutions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Role of Credit in the Theory of Endogenous Money - A Post-Keynesian Analysis of Credit Institutions write by Marc Pilkington. This book was released on 2014. The Role of Credit in the Theory of Endogenous Money - A Post-Keynesian Analysis of Credit Institutions available in PDF, EPUB and Kindle. The theory of endogenous money is the cornerstone of Post-Keynesian economics, which dates back to the pioneering writings of authors such as J. Robinson, Kaldor and Kalecki. Second generation Post-Keynesians such as Paul Davidson and Basil Moore have clearly drawn the boundaries of Post-Keynesian theory in accordance with Keynes' intellectual legacy and economic thought. Post-Keynesian monetary theory was openly critical of classical economics and also proved to be a constructive attempt to provide an alternative theoretical framework to the unsatisfactory IS/LM model, which assumed an exogenous money supply as well as an endogenous rate of interest.Firstly, we will study the genesis, the epistemology and the recent developments of the endogenous money theory through its opposition to the quantity theory of money, the still prevailing paradigm in contemporary monetary theory. Secondly, we will establish the complete reversal of the quantity theory of money by the endogenous theory of money in the recent history of economic thought. Finally, once this reversal has been established, a Post-Keynesian analysis of credit institutions will help us determine new solutions for economic policy aiming at full employment. Following Keynes' ideas, Post-Keynesians are concerned with the means to reach the full employment objective and therefore with economic policy. Post-Keynesianism is not an esoterical attempt to debate, once more, the ontological nature of money but is rather a practical reflection on the optimal economic policies resting on an in-depth understanding of money and credit.
Money and Credit in Capitalist Economies
Money and Credit in Capitalist Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Money and Credit in Capitalist Economies write by L. Randall Wray. This book was released on 1990. Money and Credit in Capitalist Economies available in PDF, EPUB and Kindle. This widely acclaimed book argues that money is not the product of a simple deposit multiplier process. The impressive analysis includes discussions of the origins and nature of money and of the evolution of monetary institutions and theory. Unlike other recent works on 'endogenous money', this book incorporates liquidity preference theory within the analysis by carefully distinguishing money from liquidity and by showing how money, but not liquidity, is created on demand. This naturally leads to a role for liquidity preference in the determination of interest rates. Extensions then link money to financial instability, the expenditure multiplier, credit, saving, investment, development, deficits and growth. This controversial and provocative book will be essential reading for all economists and researchers concerned with monetary and macroeconomics. It will have particular appeal to post Keynesian economists.
Credit, Money and Crises in Post-Keynesian Economics
Credit, Money and Crises in Post-Keynesian Economics - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Credit, Money and Crises in Post-Keynesian Economics write by Louis-Philippe Rochon. This book was released on 2020-07-31. Credit, Money and Crises in Post-Keynesian Economics available in PDF, EPUB and Kindle. In this volume, Louis-Philippe Rochon and Hassan Bougrine bring together key post-Keynesian voices in an effort to push the boundaries of our understanding of banks, central banking, monetary policy and endogenous money. Issues such as interest rates, income distribution, stagnation and crises – both theoretical and empirical – are woven together and analysed by the many contributors to shed new light on them. The result is an alternative analysis of contemporary monetary economies, and the policies that are so needed to address the problems of today.
Advances in Endogenous Money Analysis
Advances in Endogenous Money Analysis - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Advances in Endogenous Money Analysis write by Louis-Philippe Rochon. This book was released on 2017-10-27. Advances in Endogenous Money Analysis available in PDF, EPUB and Kindle. The endogenous nature of money is a fact that has been recognized rather late in monetary economics. Today, it is explained most comprehensively by the theory of money in post-Keynesian monetary theory. The expert contributors to this enlightening book revisit long-standing debates on the endogeneity of money from the position of both horizontalists and structuralists, and prescribe new areas of research and debate for post-Keynesian scholars to explore.
Money in Motion
Money in Motion - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Money in Motion write by Ghislain Deleplace. This book was released on 2016-07-27. Money in Motion available in PDF, EPUB and Kindle. In analyzing money, contemporary economics has focused its attention on money's function as a store of value, neglecting its role as medium of circulation. When circulation is put center stage, it becomes apparent that the supply of money does indeed adapt to the needs of trade - and does so in many different ways, often ways that are difficult for a central bank to control, because they reflect the responses of banks and other financial institutions to market incentives. But money's role in circulation must be coordinated with its store of value function, and both with finance. Failure here can lead to instability. The essays in this volume by internationally renowned economists cover these issues in original and contrasting analyses, presenting the American post-Keynesian perspective, on the one hand, and the point of view of the French Circulation School, on the other.
