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Modern Theories of Money
By:Louis-Philippe Rochon,Sergio Rossi
Published on 2003-01-01 by Edward Elgar Publishing

'This is a timely book. Being on modern theories of money - essentially the study of traditions of endogenous money - it is a welcome contribution to current thinking on monetary policy. The modern central bank view on money is that the rate of interest should be manipulated by central banks to achieve an inflation target with the money supply being the |residual|. Although money is in effect endogenous, there is no theory that explains its behaviour. Modern Theories of Money is a serious attempt to sharpen existing views on the issue and fill gaps in an admirable manner.' - Philip Arestis, University of Cambridge, UK and Levy Economics Institute, US This book unites diverse heterodox traditions in the study of endogenous money - which until now have been confined to their own academic quarters - and explores their similarities and differences from both sides of the Atlantic. Bringing together perspectives from post-Keynesians, Circuitists and the Dijon School, the book continues the tradition of Keynes's and Kalecki's analysis of a monetary production economy, emphasising the similarities between the various approaches, and expanding the analytical breadth of the theory of endogenous money. The authors open new avenues for monetary research in order to fuel a renewed interest in the nature and role of money in capitalist economies, which is, the authors argue, one of the most controversial, and therefore fascinating, areas of economics.

This Book was ranked at 37 by Google Books for keyword Money.

Book ID of Modern Theories of Money's Books is TAC5fHXg0_QC, Book which was written byLouis-Philippe Rochon,Sergio Rossihave ETAG "ShAQsEnfxq8"

Book which was published by Edward Elgar Publishing since 2003-01-01 have ISBNs, ISBN 13 Code is 9781781008416 and ISBN 10 Code is 1781008418

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Book which have "588 Pages" is Printed at BOOK under CategoryBusiness and Economics

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