Buch, Englisch, 168 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 417 g
Buch, Englisch, 168 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 417 g
Reihe: Routledge Critical Studies in Finance and Stability
ISBN: 978-1-138-83838-3
Verlag: Taylor & Francis Ltd (Sales)
This book looks at liquidity preference theory and its most important problems, showing how one should understand the role of money in modern monetary economies. It develops Keynes’s and Minsky’s financial view of money, relating it to the process of capital accumulation, the determination of effective demand and the theory of output, and employment as a whole.
Building on the author’s significant body of work in the field, this book delves into a broad range of topics allowing the general reader to understand propositions that have been mistreated in the literature including Keynes and the concept of monetary production economy; uncertainty, expectations and money; short and long period; liquidity preference theory as a theory of asset pricing under uncertainty; asset prices and capital accumulation; Keynes’s version of the principle of effective demand; and the role of macroeconomic policy. It will be essential reading for all students and scholars of Post-Keynesian economics.
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Fachgebiete
Weitere Infos & Material
Introduction Chapter 1: Monetary Economies Part 1 Money and Uncertainty Chapter 2: Uncertainty and Liquidity Preference Chapter 3: Liquidity Premium, Liquidity Risk and Liquidity Preference Part 2 Banks and Money Supply Chapter 4: Keynes and the Endogeneity of Money Chapter 5: Liquidity Preference of Banks and Crises Part 3: Financial Systems Chapter 6: Aggregate Savings, Finance and Investment Chapter 7: Financial Fragility and Systemic Crises Part 4: Macroeconomic Policy Chapter 8: Economic Policy for Monetary Economies Conclusion Chapter 9: Liquidity Preference Theory and the Great Recession