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基本説明
The contributors, all prominent experts in these fields, explain a number of economic activities, such as production, consumption, investment, and fixed capital accumulation, in terms of monetary circuits, providing a deeper understanding of the working of contemporary economic systems.
Full Description
This book provides cutting-edge material elaborating on monetary circuit theory and post-Keynesian monetary economics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance.
Contents
Preface: An Alternative (Monetary) Theory of the Market Economy: Work in Progress; F.Ülgen Circuit Theory Supplementing Keynes's Genuine Analysis of the Monetary Economy of Production; C.Gnos Bridging the Gap between Monetary Circuit Theory and Post-Keynesian Monetary Theory; J.Jespersen Monetary Circuit Theory and Money Emissions; S.Rossi The Existence of Profits within the Monetary Circuit: Some Unanswered Questions Revisited; L.Rochon Saving, Firms' Self-Financing, and Fixed Capital Formation in the Monetary Circuit; J.Bailly Finance and the Realization Problem in Rosa Luxemburg: a 'Circuitist' Reappraisal; R.Bellofiore & M.Passarella Money, Capital Turnover, and the Leisure Class: Thorstein Veblen's Tips for a Monetary Theory of Production; G.Forges-Davanzati & R.Realfonzo From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory; S.Figuera The Dynamics of the Monetary Circuit; S.Keen The Financialization of Modern Economies in Monetary Circuit Theory; M.Pilkington