Download or read book Cambridge Monetary Thought written by Pascal Bridel and published by Springer. This book was released on 1987-05-18 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Cambridge Monetary Thought written by Pascal Bridel and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book International Monetary Economics 1870 1960 written by M. June Flanders and published by Cambridge University Press. This book was released on 1989 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This history of international monetary thought from the end of the nineteenth century to the middle of the twentieth century provides the most comprehensive survey of the literature on the theory of international finance yet produced. The author argues that progress in the field has not been linear and classifies the literature according to groupings of ideas and personalities rather than chronologically. After a brief survey of the Classical doctrines, she examines the developments of all the main schools through the Neoclassicals, the Keynesians, and the New Classicals.

Download or read book Keynes Monetary Thought written by Don Patinkin and published by . This book was released on 1976 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Ricardo on Money and Finance written by Yuji Sato and published by Routledge. This book was released on 2013-07-18 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: David Ricardo, one of the major figures in the history of economic thought, particularly in the English classical political economy, deployed his activities as economist just two hundreds of years ago. Since then his economics has been generally estimated as the culminating point of the classical economics, and his name and theory has been exerting an enduring influence up to the present. This book, consisting of articles contributed by historians economic thought on money and finance, intends to reappraise the Ricardo’s monetary and financial thought on the occasion of its bicentenary and to offer historical clues to understanding today’s world wide financial crisis. The book consists of eight chapters divided into three parts. The first part is devoted to the historical back ground of Ricardo’s thought (Hume, Smith, Thornton etc). It serves to bring in relief the originality of Ricardo’s thought in the historical context. The second and central part consists of four chapters discussing the most important aspects of Ricardo’s monetary thought: Ricardo and quantity theory of money, the ideal monetary regime conceived by Ricardo very early in his career and matured till the last moment of his life, plan for the establishment of a national bank. In this part, the relation between the quantity of money and its value in Ricardo’s theory is examined in a new light and Ricardo as a non-quantity theorist. The two chapters in the third and last part discuss the problems raised after Ricardo in relation to his monetary thought. Tracing Ricardo's economic thought to the early 19th century, this book may provide readers insight to help them understand the present day financial crises through his works.

Download or read book Monetary Theory and Policy from Hume and Smith to Wicksell written by Arie Arnon and published by Cambridge University Press. This book was released on 2012-08-27 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit, and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output, and accumulation of wealth; and finally, what they thought about monetary policy. The book explores the analytical dimensions in the various monetary theories while emphasizing their policy consequences. The book highlights the work of a number of pioneering theoreticians. Among these Henry Thornton stands out, primarily because of his innovative analyzis of the complicated phenomena that developed after the introduction of an inconvertible monetary system in 1797. A major question addressed by the book is why theoreticians and policymakers were so resistant to his ideas for so many years.

Download or read book Monetary Theory and Thought written by Haim Barkai and published by Springer. This book was released on 1993-05-18 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Don Patinkin's pioneering work, integrating monetary and value theory in a Walrasian general equilibrium context anticipated by almost two decades the line of research which attempts to recast macroeconomics by reference to its microeconomic foundations. The notion of an integrated set of markets offered intuitive perception of intermarket linkages. At the same time it highlighted some of the pitfalls of traditional neoclassical monetary analysis, such as the erroneous imputation of unitary elasticity to the demand curve for money. Patinkin's presentation of general equilibrium illuminated the difficulty in upholding the Keynesian notion of underemployment equilibrium. His insightful efforts to understand behaviour in labour markets in disequilibrium led him to provide the first well worked out example of the powerful implications of disequilibrium and thereby to lay the foundations for the disequilibrium analysis of the 1970s.

Download or read book Money and Markets written by Robert W. Clower and published by CUP Archive. This book was released on 1986-10-31 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert Clower's influential essays discuss monetary economics and monetary behaviour.

Download or read book Cambridge Monetary Thought written by Pascal Bridel and published by New York : St. Martin's Press. This book was released on 1987-01-01 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Ricardo on Money written by Ghislain Deleplace and published by Taylor & Francis. This book was released on 2017-04-07 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite his achievements, David Ricardo’s views on money have often been misunderstood and underappreciated. His advanced ideas had to wait until the twentieth century to be applied, and most historians of economic thought continue to consider him as an obsolete orthodox. The last book devoted in tribute to Ricardo as a monetary economist was published more than 25 years ago. Ricardo on Money encompasses the whole of Ricardo’s writings on currency, whether in print, unpublished notes, correspondence, or reported parliamentary speeches and evidence. The aim of the book is at rehabilitating Ricardo as an unorthodox theorist on money and suggesting his relevance for modern analysis. It is divided into three parts: history, theory and policy. The first describes the factual and intellectual context of Ricardo’s monetary writings. The second part puts the concept of standard centre stage and clarifies how, according to Ricardo, the standard regulated the quantity – and hence the value – of money. The final part shows that Ricardo relied on the active management of paper money rather than on flows of bullion and commodities to produce international adjustment and guarantee the security of the monetary system. Published to coincide with the 200th anniversary of the publication of On the Principles of Political Economy, and Taxation, this book will be of great interest to all historians of economic thought and scholars of monetary economics.

Download or read book The Golden Age of the Quantity Theory written by David E.W. Laidler and published by Princeton University Press. This book was released on 2014-07-14 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did neoclassical monetary economics, as epitomized by the work of Fisher, Wicksell, and the Cambridge School, evolve from the classical orthodoxy that dominated economics in the 1870s? To answer this question, David Laidler considers the interaction of theoretical developments with contemporary policy debates about bimetallism and the evolution of the gold exchange standard. He argues that neoclassical monetary economics, in which the quantity theory of money played a central role, laid the intellectual groundwork for the replacement of the gold standard by various managed monetary systems in the years following World War I. Laidler is one of the world's foremost experts on monetary economics, and this book provides an illuminating account and analysis of one of the most important periods in the development of that field. Scholars of the history of economic thought and all monetary economists will find that The Golden Age of the Quantity Theory is the most systematic treatment of the development of monetary economics between 1870 and 1914 currently available. Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Download or read book From Marshall to Keynes written by Eprime Eshag and published by . This book was released on 1965 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Money and Capital written by Laurent Baronian and published by Taylor & Francis. This book was released on 2022-12-30 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book renews the Marxian theory of the general equivalent by highlighting the contradiction between the social functions of money (unit of account, means of circulation) and its private functions (store of value, accumulation). It draws a clear distinction between the monetary base and the commodity base of money and thus avoids the confusion between money and credit on the one hand, and money and capital on the other, which are found in other heterodox monetary theories. It accounts for the new forms of monetary constraints weighing on the banking systems under and inconvertible fiat money standard, the class relationships underlying the interventions of monetary authorities and governments, and presents a definition of the state which emphasises its mode of intervention on the collective and social conditions of capitalisms which are money and labour power. The emphasis on the contradiction between these two types of monetary functions gives a more fundamental account of the conflict between the international role and the national origin of the dollar than the Triffin dilemma, which has been constantly overcome or deferred by the US since 1960. The author explains this evolution by demonstrating how, from the 1950s onwards, the dollar began a process of acquiring relative autonomy from the US economy. By focusing on the role and international functions of the dollar, he offers a fresh look at the 2008 crisis and its consequences for the international monetary system, but also for a possible post-capitalist financial system – which post-revolutionary Russia experimented with in the form of the NEP, and whose contemporary implementation is foreshadowed by the rise of digital central bank currencies. The book thereby provides a necessary update to the tools and concepts inherited from Marx for analysing and understanding money, capital and the state.

Download or read book The Monetary Theory of Production written by Augusto Graziani and published by Cambridge University Press. This book was released on 2003-09-04 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Classical Versus Neoclassical Monetary Theories written by Will E. Mason and published by Springer. This book was released on 1996-12-31 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. Classical Versus Neoclassical Monetary Theories will be of interest to both historians of economic thought and monetary and macro economists, as well as to many well-informed followers and fashioners of monetary policy.

Download or read book The Provocative Joan Robinson written by Nahid Aslanbeigui and published by Duke University Press Books. This book was released on 2009-05-22 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: DIVThrough a biography of the most important woman in the history of economic thought, the work offers new insights into the creation of macroeconomic theory at a crucial period in its development./div

Download or read book General Theory Of Employment Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning