The Monetary Theory of Production de G. Fontana

The Monetary Theory of Production: Tradition and Perspectives

G. Fontana

R. Realfonzo

This volume examines the theory of monetary circulation and applies it to several modern issues including unemployment, inflation, distribution and economic policies. It will provide a valuable contribution to the field of monetary economics, and in particular, its development of non-neoclassical approaches to monetary economics.

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Cuprins

Introduction: The Monetary Theory of Production; G.Fontana & R.Realfonzo PART 1: THE TRADITION OF THE MONETARY THEORY OF PRODUCTION Macroeconomic Analysis and Individual Economic Rationality: Some Lessons from Wicksell, Von Mises and Schumpeter; R.Arena & A.Festre Monetary Economics after Wicksell: Alternative Perspectives Within the Theory of the Monetary Circuit; R.Bellofiore Lost and Found: Some History of Endogenous Money; V.Chick Alternative Theories of the Rate of Interest: A Reconsideration; G.Heinsohn & O.Steiger An Inquiry into a Dark Mystery in the History of the Monetary Theory of Production: What Went Wrong with the Early Contribution of Joan Robinson; A.Parguez Some Reflections on Changes in Keynes's Analysis Between the Treatise and the General Theory; M.Sawyer PART 2: STOCKS AND FLOWS IN THE MONETARY CIRCUIT Single Period Analysis: Financial Markets, Firms' Failures and the Closure of the Monetary Circuit; M.Messori & A.Zazzaro The Existence of Monetary Profits Within the Monetary Circuit; L-P.Rochon Central Banking in a Monetary Theory of Production: The Economics of Payment Finality From a Circular Flow Perspective; S.Rossi PART 3: THE MONETARY CIRCUIT AND UNEMPLOYMENT Bank Mergers, Monopoly Power and Unemployment: A Monetary Circuit Approach; G.Forges Davanzati & R.Realfonzo Circuit Theory and the Employment Issue; C.Gnos PART 4: MONEY, INFLATION AND DISTRIBUTION Non Credit Money to Fight Poverty; B.Bossone & A.Sarr Towards a Non-Conventional Circuit Approach: Credit, Microcredit and Property Rights; L.Costabile Monetary Theory of Production and Disequilibrium Inflation; E.Sadigh PART 5: MONETARY CIRCULATION AND ECONOMIC POLICY What is Wrong with the Euro Area Monetary Model?; P.Arestis & M.Sawyer Circulation Approach and Applied Economics: Monetary Duality in Cuba; G.Deleplace Lessons from Asset-Based Financial Systems with Zero-Reserve Requirements; M.Lavoie Interest Rates, Interest Spreads and Monetary Circulation: Theoretical Framework and Empirical Implications for Macroeconomic Performance; M.Seccareccia

Notă biografică

RICHARD ARENA Professor of Economics, University of Nice-Sophia, Antipolis, FrancePHILIP ARESTIS University Director of Research, Cambridge University, UK and Institute Professor of Economics, Levy Economics Institute, USARICCARDO BELLOFIORE Professor of Economics, University of Bergamo, ItalyBIAGIO BOSSONE Executive Director to the World Bank for Italy, Portugal, Greece, Malta, Albania, San Marino and Timor Leste, and Associate Director at the Banca d'Italia, ItalyVICTORIA CHICK Emeritus Professor of Economics, University College London, UKLILIA CONSTABILE Professor of Economics, University of Naples, ItalyGHISLAIN DELEPLACE Professor of Economics, University Paris 8 - Saint Denis, FranceAGNÈS FESTRÉ Assistant Professor, University of Nice-Sophia Antipolis, FranceGUGLIELMO FORGES DAVANZATI Associate Professor of History of Economic Thought, University of Leece, ItalyCLAUDE GNOS Associate Professor of Economics, University of Burgundy and Director of the Center for Monetary and Financial Studies, Dijon, FranceGUNNAR HEINSOHN Professor of Social Sciences, Universität Bremen, GermanyMARC LAVOIE Professor, Department of Economics, University of Ottawa, CanadaMARCELLO MESSORI Professor of Economics, University of Rome, ItalyALAIN PARGUEZ Professor of Economics, University of Franche-Comté, Besançon, FranceLOUIS-PHILIPPE ROCHON Assistant Professor of Economics, Laurentian University, CanadaSERGIO ROSSI Assistant Professor of Economics, Universityof Fribourg and University of Lugano, SwitzerlandELIE SADIGH Maître de Conférences, Université de Bourgogne, FranceABDOURAHMANE SARR Economist, International Monetray Fund, USAMALCOLM SAWYER Professor of Economics, University of Leeds, UKMARIO SECCARECCIA Professor of Economics, University of Ottawa, CanadaOTTO STEIGER Professor of Economics Emeritus, Universität Bremen, GermanyALBERTO ZAZZARO Professor of Economics, Università Politecnica delle Marche, Italy