Post Keynesian Monetary Economics
Post Keynesian Monetary Economics by Stephen Rousseas, published by Palgrave Macmillan UK on May 6, 1998, is a 3rd edition work that spans 168 pages. This book presents a Post Keynesian critique of monetarism and contemporary Keynesian theory, advocating for a return to the foundational ideas of John Maynard Keynes. It emphasizes the endogeneity of the money supply and explores how financial innovations have limited the effectiveness of monetary policy.
Readers will find a thorough examination of the role of credit flow in the economy, proposing selective control as a necessary complement to traditional Keynesian tools aimed at maintaining full employment. The book also discusses the relationship between inflation and money wages, challenging conventional views on aggregate supply and monetary factors. This edition is written in English and offers insights into key topics in business and economics, particularly in the realms of macroeconomics and economic theory.
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A Post Keynesian critique of monetarism and of contemporary Keynesian theory, calling for a return to the original ideas of John Maynard Keynes. Its primary emphasis is on the endogeneity of the money supply and on the financial innovations that have served to limit the effectiveness of monetary policy. It calls for the addition of a selective control over the flow of credit in the economy as an addition to the conventional Keynesian contracyclical tools for keeping the economy at full employment, along with a recognition that inflation is a function of money wages and not the aggregate supply or money.
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