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Post Keynesian Monetary Economics

  • Book
  • © 1998

Overview

Authors:
  1. Stephen Rousseas

    1. Vassar College, New York, USA

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction

    • Stephen Rousseas
    Pages 1-15

  3. The Peculiarity of Money

    • Stephen Rousseas
    Pages 17-36

  4. The Demand for Money and the Rate of Interest

    • Stephen Rousseas
    Pages 37-73

  5. The Endogenous Money Supply

    • Stephen Rousseas
    Pages 75-90

  6. The Weintraub-Kaldor Models of Endogeneity

    • Stephen Rousseas
    Pages 91-116

  7. The Policy Implications of Post Keynesian Monetary Theory

    • Stephen Rousseas
    Pages 117-143

  8. Back Matter

    Pages 145-168
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Keywords

About this book

A Post Keynesian critique of monetarism and of contemporary Keynesian theory, calling for a return to the original ideas of John Maynard Keynes. Its primary emphasis is on the endogeneity of the money supply and on the financial innovations that have served to limit the effectiveness of monetary policy. It calls for the addition of a selective control over the flow of credit in the economy as an addition to the conventional Keynesian contracyclical tools for keeping the economy at full employment, along with a recognition that inflation is a function of money wages and not the aggregate supply or money.

Reviews

'An excellent and beautifully written book. It is only now that I see the full architecture and signficance of Post Keynesian theory, which this book makes beautifully clear.' - Robert Heilbroner

'An original and provocative book which could be profitably read by the generalist as well as by economists especially interested in monetary economics. Social economists should be particularly interested in the broader policy proposals advanced by Rousseas...' - Christopher J. Niggle, Review of Social Economy

'A most useful, lucid and well-written book, one much needed to redress the undue emphasis on real factors in Post Keynesian analysis in general.' - G.C. Harcourt, Economic Journal

Authors and Affiliations

  • Vassar College, New York, USA

    Stephen Rousseas

About the author

STEPHEN ROUSSEAS is the Dexter M. Ferry Jr Emeritus Professor of Economics at Vassar College. He has taught at Columbia University, the University of Michigan, Yale University, Cornell University, and New York University. Professor Rousseas is the author of The Death of Democracy: Greece and the American Conscience, Monetary Theory, Capitalism and Catastrophe: A Critical Appraisal of the Limits of Capitalism, The Political Economy of Reaganomics: A Critique, and numerous articles and reviews.

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