As a result of the 2008 global financial crisis, economists shifted their emphasis from economic policy and social governance to theoretical debates. Economists should reconsider the state of their discipline to avoid taking a step backward and it seems more appropriate than ever to think about the way economic theory has evolved and to check it
As a result of the 2008 global financial crisis, economists shifted their emphasis from economic policy and social governance to theoretical debates. Economists should reconsider the state of their discipline to avoid taking a step backward and it seems more appropriate than ever to think about the way economic theory has evolved and to check it
Jean Cartelier is Professor Emeritus at Paris Nanterre University. His main fields of interest are general economics, money theory and history of economic thought.
Inhaltsangabe
List of Figures List of Tables List of Schemas Introduction Part I. Money in value theory Chapter 1: A bird-eye's view Chapter 2: Integration of money into value theory and neutrality in a nutshell The problem of integration Neutrality of money: the Grail of money theory? Chapter 3: Money: fiat money or social device for coordination? The essence of money The incentives for going beyond academic theory Part II. The case for a monetary analysis Chapter 4: Primitives of a monetary analysis The fundamental postulates Money and accounts: a close connexion The minting process, a crucial element of a monetary economy Chapter 5: A pure market economy: exchange relations A market economy: main characteristics Some propositions The dynamics of market relations Chapter 6: Entrepreneurs, wage-earners and capitalists The rationale for the differentiation of entrepreneurs and wage-earners Specific properties of an entrepreneur economy Erreur ! Signet non défini. The level of activity: a crucial point Appendix Chapter 7: Some specific properties of a capitalist economy Kalecki principle Involuntary unemployment steady-states: Solow as a special case of a monetary analysis Disequilibrium dynamics: Harrod's razor-edge From entrepreneur economy to finance Appendix Conclusion Some advances of the present essay Legal money Out-of-equilibrium situations Involuntary unemployment equilibria and foundations for Keynes economics Economics and the plurality of social disciplines: a suggested interpretation Money mediation as a self-referential system amongst others Self-referential systems and complexity References Index
List of Figures List of Tables List of Schemas Introduction Part I. Money in value theory Chapter 1: A bird-eye's view Chapter 2: Integration of money into value theory and neutrality in a nutshell The problem of integration Neutrality of money: the Grail of money theory? Chapter 3: Money: fiat money or social device for coordination? The essence of money The incentives for going beyond academic theory Part II. The case for a monetary analysis Chapter 4: Primitives of a monetary analysis The fundamental postulates Money and accounts: a close connexion The minting process, a crucial element of a monetary economy Chapter 5: A pure market economy: exchange relations A market economy: main characteristics Some propositions The dynamics of market relations Chapter 6: Entrepreneurs, wage-earners and capitalists The rationale for the differentiation of entrepreneurs and wage-earners Specific properties of an entrepreneur economy Erreur ! Signet non défini. The level of activity: a crucial point Appendix Chapter 7: Some specific properties of a capitalist economy Kalecki principle Involuntary unemployment steady-states: Solow as a special case of a monetary analysis Disequilibrium dynamics: Harrod's razor-edge From entrepreneur economy to finance Appendix Conclusion Some advances of the present essay Legal money Out-of-equilibrium situations Involuntary unemployment equilibria and foundations for Keynes economics Economics and the plurality of social disciplines: a suggested interpretation Money mediation as a self-referential system amongst others Self-referential systems and complexity References Index
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