Cambridge And The Monetary Theory Of Production
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Cambridge And The Monetary Theory Of Production
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Author : R. Bigg
language : en
Publisher: Springer
Release Date : 1990-05-22
Cambridge And The Monetary Theory Of Production written by R. Bigg and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-05-22 with Business & Economics categories.
Less than fifty years after the publication of Marshall's Principles Cambridge once again set economics on a new path with the publication of Keynes's General Theory. This book examines the developments in Cambridge monetary and trade cycle theory that were moving it forwards but were also sowing the seeds for the collapse of the Marshallian neoclassical framework. The analysis shows how Cambridge economists such as Keynes, Robertson, Lavington and Hawtrey had built on the foundations of Marshall and Pigou to produce theories of adaptive behaviour which acknowledged that the invisible hand could fail in the short run. This established a conflict with the long run theory of market clearing equilibrium which, though it could be ignored at first, had finally to be resolved.
Cambridge And The Monetary Theory Of Production
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Author : Robert J. Bigg
language : en
Publisher: Palgrave Macmillan
Release Date : 1990
Cambridge And The Monetary Theory Of Production written by Robert J. Bigg and has been published by Palgrave Macmillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
The Monetary Theory Of Production
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Author : Augusto Graziani
language : en
Publisher: Cambridge University Press
Release Date : 2003-09-04
The Monetary Theory Of Production written by Augusto Graziani and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-04 with Business & Economics categories.
In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the production of goods or the distribution of income. Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flows. He argues that market asset configuration depends not upon consumer preferences and available technologies but on how money and credit are managed. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument that will stimulate debate on the topic.
Cambridge Monetary Thought
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Author : Pascal Bridel
language : en
Publisher: Springer
Release Date : 1987-05-18
Cambridge Monetary Thought written by Pascal Bridel and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-05-18 with Business & Economics categories.
The primary aim of the book is to provide a critical evaluation of the origin and development of the Cambridge saving-investment analysis. This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process. In particular, it charts, for the first time, the various steps taken by this line of inquiry in the writings of Pigou, Hawtrey, Robertson, Lavington and Keynes.
The Monetary Theory Of Production
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Author : G. Fontana
language : en
Publisher: Springer
Release Date : 2005-04-15
The Monetary Theory Of Production written by G. Fontana and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-04-15 with Business & Economics categories.
This volume examines the theory of monetary circulation and applies it to several modern issues including unemployment, inflation, distribution and economic policies. It will provide a valuable contribution to the field of monetary economics, and in particular, its development of non-neoclassical approaches to monetary economics.
Keynes Cambridge And The General Theory
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Author : J. Clark Leith
language : en
Publisher: Springer
Release Date : 1977-12-15
Keynes Cambridge And The General Theory written by J. Clark Leith and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977-12-15 with Business & Economics categories.
Money Interest And Capital
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Author : Colin Rogers
language : en
Publisher: Cambridge University Press
Release Date : 1989-05-11
Money Interest And Capital written by Colin Rogers and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-05-11 with Business & Economics categories.
The novel feature of this study is the application of Keynes' principle of effective demand to demonstrate the existence of a long-run unemployment equilibrium without the assumption of rigid wages.
Classical Versus Neoclassical Monetary Theories
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Author : Will E. Mason
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Classical Versus Neoclassical Monetary Theories written by Will E. Mason and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Classical Versus Neoclassical Monetary Theories, completed just before Professor Will E. Mason's untimely death, places recent and mid-20th century monetary theory in a larger historical context, while examining the relevance of contemporary questions in monetary policy. The first half of the volume analyzes the development of the methodological and conceptual foundations of monetary theory, up to and including contemporary mainstream views; the second half addresses more policy-oriented monetary questions. Emphasis is placed on the dichotomy of monetary and value theory, the Walrasian general equilibrium paradigm, the resolution of the `Patinkin controversy', the Federal Reserve System's failed experiment with `pure monetarism', and the misplacement of the free market in the `Chicago paradox'. Classical Versus Neoclassical Monetary Theories will be of interest both to historians of economic thought and monetary and macro economists, as well as to many well-informed followers and fashioners of monetary policy.
From Marshall To Keynes An Essay On The Monetary Theory Of The Cambridge School
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Author : Eprime Eshag
language : en
Publisher:
Release Date : 1963
From Marshall To Keynes An Essay On The Monetary Theory Of The Cambridge School written by Eprime Eshag and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1963 with categories.
The Optimum Quantity Of Money
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Author : Milton Friedman
language : en
Publisher: Transaction Publishers
Release Date : 2005-01-01
The Optimum Quantity Of Money written by Milton Friedman and has been published by Transaction Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-01-01 with Business & Economics categories.
This classic set of essays by Nobel Laureate and leading monetary theorist Milton Friedman presents a coherent view of the role of money, focusing on specific topics related to the empirical analysis of monetary phenomena and policy. The early chapters cover factors determining the real quantity of money held in a community and the welfare implications of policies that affect the quantity held. The following chapters formally restate why quantity analysis has become central to the science of economics. Friedman's presidential address to the American Economic Association, included here, provides a general summary of his views on the role of monetary policy, with an emphasis on its limitations and its possibilities. This theoretical framework is used in examining a number of empirical problems: the demand for money, the explanation of price changes in wartime periods, and the role of money in business cycles. These essays summarize some of the most important results of Friedman's extensive research over the course of his lifetime. The chapters on policy that follow survey the positions of earlier economists and deal with the importance of lags and the implications of destabilizing speculation in foreign markets. Taken as a whole, The Optimum Quantity of Money provides a comprehensive view of the body of monetary theory developed in leading centers of monetary analysis. This work is essential reading for economists and graduate students in the field. The volume will be no less important for practicing business and banking personnel as well. The new statement by Michael Bordo, a student of Friedman's and an expert in the field, provides a sense of where the field now stands in the economy and academy. Milton Friedman is a senior fellow at the Hoover Institution of Stanford University. Before that, he was Distinguished Service Professor of Economics at the University of Chicago. He has also taught at Columbia University, the University of Wisconsin, the University of Minnesota, and Cambridge University. Among his many books are Essays in Positive Economics, A Program for Monetary Stability, Capitalism and Freedom, and A Monetary History of the United States. Michael D. Bordo is professor of economics at Rutgers, The State University of New Jersey, and author, with Lars Jonung, of, among other works, Demand for Money.