The Monetary Theory Of Production

Author : Augusto Graziani
Publisher : Cambridge University Press
Page : 190 pages
File Size : 43,9 Mb
Release : 2003-09-04
Category : Business & Economics
ISBN : 9781139438001

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The Monetary Theory of Production by Augusto Graziani Pdf

In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the production of goods or the distribution of income. Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flows. He argues that market asset configuration depends not upon consumer preferences and available technologies but on how money and credit are managed. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument that will stimulate debate on the topic.

Author : Augusto Graziani
Publisher : Cambridge University Press
Page : 0 pages
File Size : 45,9 Mb
Release : 2009-03-19
Category : Business & Economics
ISBN : 0521104173

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The Monetary Theory of Production by Augusto Graziani Pdf

Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flow. Money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth in mainstream economic theory. In neither case is it considered fundamental to the production of goods or the distribution of income. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument which will stimulate debate.

Author : Augusto Graziani
Publisher : Unknown
Page : 26 pages
File Size : 55,6 Mb
Release : 1989
Category : Macroeconomics
ISBN : 0902169394

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The Theory of the Monetary Circuit by Augusto Graziani Pdf

Author : R. Bigg
Publisher : Springer
Page : 228 pages
File Size : 44,6 Mb
Release : 1990-05-22
Category : Business & Economics
ISBN : 9780230371217

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Cambridge and the Monetary Theory of Production by R. Bigg Pdf

Less than fifty years after the publication of Marshall's Principles Cambridge once again set economics on a new path with the publication of Keynes's General Theory. This book examines the developments in Cambridge monetary and trade cycle theory that were moving it forwards but were also sowing the seeds for the collapse of the Marshallian neoclassical framework. The analysis shows how Cambridge economists such as Keynes, Robertson, Lavington and Hawtrey had built on the foundations of Marshall and Pigou to produce theories of adaptive behaviour which acknowledged that the invisible hand could fail in the short run. This established a conflict with the long run theory of market clearing equilibrium which, though it could be ignored at first, had finally to be resolved.

Author : Giuseppe Fontana,Riccardo Realfonzo
Publisher : Unknown
Page : 297 pages
File Size : 51,9 Mb
Release : 2005
Category : Economic policy
ISBN : 1349516198

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The Monetary Theory of Production by Giuseppe Fontana,Riccardo Realfonzo Pdf

This volume examines the theory of monetary circulation and applies it to several modern issues including unemployment, inflation, distribution and economic policies. It will provide a valuable contribution to the field of monetary economics, and in particular its development of non-neoclassical approaches to monetary economics.

Author : Avi Cohen,Harald Hagemann,John Smithin
Publisher : Springer Science & Business Media
Page : 299 pages
File Size : 40,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401153621

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Money, Financial Institutions and Macroeconomics by Avi Cohen,Harald Hagemann,John Smithin Pdf

Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The main emphasis is on views stressing the importance of credit creation in the monetary process, in a tradition which arguably encompasses Wicksell, the later Swedes and the Austrians, through the later Hicks, the circuit school and contemporary post-Keynesians. In addition, however, there are distinguished contributions from economists with a more `mainstream' approach to the issues. The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy; Part II explores alternative views on money and credit; Part III deals with monetary policy issues in North America; and Part IV discusses monetary policy issues in Europe. `Taken together, the contributions to this volume certainly bear out Hick's famous adage about the much closer relationship between `monetary theory' and `monetary history' than is the case in other branches of economic thought.'

Author : L. Randall Wray
Publisher : Springer
Page : 322 pages
File Size : 49,5 Mb
Release : 2015-09-22
Category : Business & Economics
ISBN : 9781137539922

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Modern Money Theory by L. Randall Wray Pdf

This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.

Author : John Maynard Keynes
Publisher : Springer
Page : 404 pages
File Size : 43,7 Mb
Release : 2018-07-20
Category : Business & Economics
ISBN : 9783319703442

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The General Theory of Employment, Interest, and Money by John Maynard Keynes Pdf

This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.

Author : Stephanie Kelton
Publisher : PublicAffairs
Page : 311 pages
File Size : 41,5 Mb
Release : 2020-06-09
Category : Business & Economics
ISBN : 9781541736207

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The Deficit Myth by Stephanie Kelton Pdf

A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.

Author : Wray
Publisher : Unknown
Page : 320 pages
File Size : 50,8 Mb
Release : 2005
Category : Electronic
ISBN : 1858980542

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Monetary Theory of Production by Wray Pdf

Author : E. Hein
Publisher : Springer
Page : 214 pages
File Size : 45,7 Mb
Release : 2007-12-19
Category : Business & Economics
ISBN : 9780230595606

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Money, Distribution Conflict and Capital Accumulation by E. Hein Pdf

This book demonstrates that 'monetary analysis', as contained in Post-Keynesian monetary theories, but also in the Neo-Ricardian monetary theory of distribution and in Marx's monetary analysis, can be integrated into Post-Keynesian models of distribution of growth in a convincing way.

Author : Heiner Ganßmann
Publisher : Routledge
Page : 291 pages
File Size : 54,5 Mb
Release : 2012-03-12
Category : Business & Economics
ISBN : 9781136820137

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New Approaches to Monetary Theory by Heiner Ganßmann Pdf

Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist. Money works as a social construction because we have mutual expectations that support its use – despite the seeming irrationality of trading valuable things or doing strenuous work for pieces of paper or numbers in accounts. Recently, there has been a revival of interest in monetary theory, not least because the impacts of globalizing markets and of new communication and information technologies have changed the forms of money. The deep crisis of the financial system has demonstrated the importance of a functioning monetary system and although renewed interest in this has led to significant contributions in various fields, it remains true that no social science discipline on its own is sufficiently equipped to explain the basic workings of monetary systems, their rapid innovation and their effects on social, economic and political structures. The contributors to this book report on their latest research on the origins of money, on the nature of monetary transactions, on money and the state, and on the role of money and finance in the recent global crisis. They show how established theories of money and the policies guided by these theories went wrong. This collection will be a valuable resource for students and researchers seeking a deeper understanding of money.

Author : L.D. Taylor
Publisher : Springer Science & Business Media
Page : 271 pages
File Size : 47,9 Mb
Release : 2013-03-09
Category : Business & Economics
ISBN : 9781475747096

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Capital, Accumulation, and Money by L.D. Taylor Pdf

Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital. A root concept of capital is developed which allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth. Specifically, it is shown that a conservation principle emerges that both implies and imposes a variety of constraints on the macro behavior of an economy, constraints which make for straightforward understanding and analysis of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development.

Author : Raymond Joseph Saulnier
Publisher : Unknown
Page : 434 pages
File Size : 40,7 Mb
Release : 1970
Category : Business & Economics
ISBN : IND:32000009343247

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Contemporary Monetary Theory by Raymond Joseph Saulnier Pdf

Author : Howard Sylvester Ellis
Publisher : Unknown
Page : 488 pages
File Size : 50,6 Mb
Release : 1937
Category : Business cycles
ISBN : UCAL:$B665613

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German Monetary Theory, 1905-1933 by Howard Sylvester Ellis Pdf

"Awarded the David A. Wells prize for the year 1929-30 and published from the income of the David A. Wells fund." Bibliography: p. [435]-452