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Item Details
| Title:
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MONEY IN MOTION
POST-KEYNESIAN AND CIRCULATION APPROACHES |
| By: |
Ghislain Deleplace (Editor), Edward J. Nell (Editor), Ghislain Deleplace |
| Format: |
Hardback |
| List price:
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£179.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0333566955 |
| ISBN 13: |
9780333566954 |
| Publisher: |
PALGRAVE MACMILLAN |
| Pub. date: |
27 March, 1996 |
| Series: |
Jerome Levy Economics Institute |
| Pages: |
770 |
| Description: |
This volume provides a treatment of "endogenous money" and its relationship to finance. It compares American post-Keynesian and French circulation school as two ways of analyzing money in the economy. |
| Synopsis: |
This volume provides a treatment of "endogenous money" and its relationship to finance. It compares American post-Keynesian and French circulation school as two ways of analyzing money in the economy. In analyzing money, contemporary economics has focused its attention on money's function as a store of value, neglecting its role as medium of circulation. When circulation is put centre-stage, it becomes apparent that the supply of money does indeed adapt to the needs of trade - and does so in many different ways, often ways that are difficult for a central bank to control, because they reflect the responses of banks and other financial institutions to market incentives. But money's role in circulation must be co-ordinated with its store of value function, and both with finance. Failure here can lead to instability. The essays in this volume cover these issues in contrasting analyses, presenting the American post-Keynesian perspective, on the one hand, and the point of view of the French circulation school, on the other. |
| Illustrations: |
biography |
| Publication: |
UK |
| Imprint: |
Palgrave Macmillan |
| Returns: |
Non-returnable |
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