Post-Keynesian Monetary Theory: Selected Essays
Marc Lavoie, "Post-Keynesian Monetary Theory: Selected Essays "
English | ISBN: 1839100087 | 2020 | 416 pages | PDF | 463 MB
English | ISBN: 1839100087 | 2020 | 416 pages | PDF | 463 MB
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.
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