How Credit-money Shapes the Economy: The United States in a Global System

Description

This text examines money, credit, and economic activity in the increasingly integrated global economy. It focuses on the problems afflicting the United States as it adapts to the transformation of the world economy. Dedication Contents Tables and Figures Preface Acknowledgments Part I: The Theory of Money 1 The Economy in Transition 2 Economic Activities as Monetary Circuits 3 The Cyclical Growth Pattern of Capital Accumulation Part II: The Historic Evolution of Money Management 4 The Transition from Commodity-Money to Credit-Money 5 The Postwar Monetary Regime and Its Inflationary Bias Part III: The End of the New Deal 6 Stagflation and Financial Instability 7 The Disintegration of the Postwar Monetary Regime 8 The Legacy of Reaganomics Part IV: The Monetary Regime in Transition 9 The Dilemmas of Monetary Policy 10 Financial Fragility and the Lender of Last Resort 11 Regulatory Overhaul and the Restructuring of U.S. Banks 12 Deal Mania and Fictitious Capital Part V: The International Dimension of Money 13 The Challenges of Global Integration 14 The International Monetary System in Flux 15 Supranational Credit-Money 16 Toward a True Form of World Money Part VI: Restructuring the American Economy 17 The United States at the Crossroads Notes Acronyms and Abbreviations Bibliography Index About the Author