Mainstream neoclassical economics tells us that money is essentially a commodity. This book takes the view that money is definitively a social relation between private persons or legal persons.
Mainstream neoclassical economics tells us that money is essentially a commodity. This book takes the view that money is definitively a social relation between private persons or legal persons.
John Smithin is Professor of Economics in the Department of Economics and the Schulich School of Business, York University, Toronto, Canada
Inhaltsangabe
1. Money and alternative visions of capitalism 2. Economics and politics 3. Methodological issues in monetary research 4. The role of money in the economy 5. The determination of interest rates 6. A theory of profit 7. A theory of wages 8. Effective demand income distribution and economic growth 9. Endogenous money monetary policy and inflation 10. A complete macroeconomic model of output growth inflation and income distribution 11. Notes on fiscal policy and the public finances 12. Concluding remarks
1. Money and alternative visions of capitalism 2. Economics and politics 3. Methodological issues in monetary research 4. The role of money in the economy 5. The determination of interest rates 6. A theory of profit 7. A theory of wages 8. Effective demand income distribution and economic growth 9. Endogenous money monetary policy and inflation 10. A complete macroeconomic model of output growth inflation and income distribution 11. Notes on fiscal policy and the public finances 12. Concluding remarks
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