Rethinking The Theory Of Money Credit And Macroeconomics


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Rethinking the Theory of Money, Credit, and Macroeconomics


Rethinking the Theory of Money, Credit, and Macroeconomics

Author: John Smithin

language: en

Publisher: Bloomsbury Publishing PLC

Release Date: 2018-09-15


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This book is the definitive scholarly work on money, credit and macroeconomics for the twenty-first century. Nine decades ago Keynes claimed to be writing a work that would “largely revolutionize the way the world thinks about economic problems”. This is a modern day attempt with the same purpose.

Post-Keynesian Monetary Theory


Post-Keynesian Monetary Theory

Author: Marc Lavoie

language: en

Publisher: Edward Elgar Publishing

Release Date: 2020-09-25


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Post-Keynesian Monetary Theory recaps the views of Marc Lavoie on monetary theory, seen from a post-Keynesian perspective over a 35-year period. 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.

Beyond Barter: Lectures In Monetary Economics After 'Rethinking'


Beyond Barter: Lectures In Monetary Economics After 'Rethinking'

Author: John Smithin

language: en

Publisher: World Scientific

Release Date: 2022-04-21


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The conventional macroeconomic theory of the late twentieth and early twenty-first century, based on the assumption that the working of complex monetary economy could be analysed on the same principles as those of barter exchange, has demonstrably failed. This book provides a thorough rethinking of the nature of a monetary economy. It builds upon a complete theory of the domestic and international monetary macro-economy, and of macroeconomic policy for the modern age. Central to the analysis is the idea that a successful market economy requires an endogenous supply of money via the banking system. Therefore to achieve macroeconomic stability, the book proposes the targeting of real interest rates under a regime of flexible exchange rates or 'fixed but adjustable exchange rates' as the main goal of monetary policy, along with a range of innovative fiscal and trade policies to promote economic growth, and thereby achieve full employment and a fair distribution of income.