Edited by& Sergio Rossi. From Edward Elgar:
The endogenous nature of money is a fact that has been recognized rather late in monetary economics. Today, it is explained most comprehensively by the theory of money in post-Keynesian economic analysis. This book revisits the nature of money and its endogeneity, featuring a number of the protagonists who took part in the original debates in the 1980s and 1990s as well as new voices and analyses. Expert contributors revisit long-standing discussions from the position of both horizontalists and structuralists, and prescribe new areas of research and debate for post-Keynesian scholars to explore.
Louis-Philippe Rochon and Sergio Rossi eloquently situate the nature of money and its endogeneity in historical context, before bringing together an engaging array of chapters written by contemporary leading scholars. These chapters put forth detailed analyses of money creation; central bank operations and the role of monetary authorities; a link between interest rates and income distribution; a stock-flow analysis of monetary economies of production; and finally, a reconciliation of horizontalism and structuralism.
Post-Keynesian and heterodox economists, institutionalist economists, scholars of money and finance, and graduate students studying economics will all find this an enlightening read.
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For those interested in performing a review of this book for URPE’s flagship journal, Review of Radical Political Economics, please get in touch with David Barkin