ENGLISH

Post Keynesian Monetary Economics

By Stephen Rousseas (auth.)

Book information

Publisher
Palgrave Macmillan UK
Year
1998
ISBN
978-0-333-72124-7, 978-1-349-26456-8
DOI
10.1007/978-1-349-26456-8
Language
english
Format
PDF
Filesize
14 MB (14497623 bytes)
Edition
3
Pages
XV, 168\177
Time added
2016-03-14 21:35:01
Economic Theory/Quantitative Economics/Mathematica

Description

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.

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