Post-Keynesian Monetary Theory: Selected Essays - New Directions in Post-Keynesian Economics series (Hardback)
  • Post-Keynesian Monetary Theory: Selected Essays - New Directions in Post-Keynesian Economics series (Hardback)
zoom

Post-Keynesian Monetary Theory: Selected Essays - New Directions in Post-Keynesian Economics series (Hardback)

(author)
£115.00
Hardback 416 Pages / Published: 04/09/2020
  • We can order this from the publisher

Usually dispatched within 10 working days

  • This item has been added to your basket
Post-Keynesian Monetary Theory recaps Marc Lavoie's views on monetary theory over a 35-year period, seen from a post-Keynesian perspective. The book contains a collection of twenty previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.

Readers will find analyses of the earlier advocates of endogenous money such as Nicholas Kaldor and Jacques Le Bourva. They will discover how the arguments in support of the post-Keynesian theory of endogenous money and the credit view of banking have evolved through this 35-year period, and how they have been related to the new procedures pursued by central banks. All these essays show the relevance of the realistic post-Keynesian monetary theory in understanding the subprime and euro crises, quantitative easing and the distributional role of interest rates.

Within these pages Marc Lavoie provides an overview of what has happened in post-Keynesian monetary economics over the last three and a half decades for students and scholars with interest in monetary economics, the horizontalist-structuralist debates and the recent history of economic thought.

Publisher: Edward Elgar Publishing Ltd
ISBN: 9781839100086
Number of pages: 416
Dimensions: 244 x 169 mm


MEDIA REVIEWS
'This collection of early essays on endogenous money by Marc Lavoie (and some later ones) is of the utmost importance. Marc s commentary on the essay about Jacques Le Bourva is pivotal - '...a theory [of] the endogeneity of money is insufficient...one also has to reject the existence of a natural rate of interest ...''
--John Smithin, York University, Toronto and Aurora Philosophy Institute, Canada

'Marc Lavoie has been a leading post-Keynesian economist for a long time. This book presents a collection of important papers, published over four decades, in one of his areas of specialization, monetary theory. It contains path-breaking contributions to the theory of endogenous money and credit and to monetary policy analysis.'
--Eckhard Hein, Berlin School of Economics and Law, Germany

'This is a great collection of papers, written over four decades, displaying the many contributions which Marc Lavoie has made to the development of Post-Keynesian monetary theory. A highly recommended read of Marc's in-depth analyses of endogenous money and credit and contributions to policy debates.'
--Malcolm Sawyer, Emeritus Professor of Economics, University of Leeds, UK

You may also be interested in...

The Theory of Moral Sentiments
Added to basket
Basic Economics
Added to basket
£30.00
Hardback
The Wealth of Nations
Added to basket
Capital
Added to basket
£8.99
Paperback
The Origin Of Wealth
Added to basket
Kicking Away the Ladder
Added to basket
Conspicuous Consumption
Added to basket
Game Theory: A Very Short Introduction
Added to basket
How Much is Enough?
Added to basket
Keynes
Added to basket
£9.99
Paperback
Capital
Added to basket
£16.99
Paperback
Capital
Added to basket
£18.99
Paperback

Please sign in to write a review

Your review has been submitted successfully.