The Political Economy of Monetary Circuits Tradition and Change in Post-Keynesian Economics

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  • Format: Hardcover
  • Copyright: 2009-11-24
  • Publisher: Palgrave Macmillan
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Supplemental Materials

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  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.


This book provides cutting-edge material elaborating on monetary circuit theory and post-Keynesian monetary economics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance.

Author Biography

JEAN-FRANÇOIS PONSOT is Associate Professor of Economics at the University Pierre-Mendès-France, Grenoble, France. He has been Post-Doctoral Researcher at the Central Bank of Ecuador, before being hired as Assistant Professor at Laurentian University, Canada. He has published in international journals and scientific books, on dollarization, currency boards, international monetary integration, and Keynes’s economics.
SERGIO ROSSI is Professor of Economics at the University of Fribourg, Switzerland. He has a DPhil degree from the University of Fribourg and a PhD degree from University College London. His research interests are in the area of monetary economics. He has authored and edited many books, contributed several chapters to books, and widely published in international journals.

Table of Contents

List of Tablesp. vii
List of Figuresp. viii
Forewordp. ix
Prefacep. xxx
Notes on the Contributorsp. xxxi
Circuit Theory Supplementing Keynes's Genuine Analysis of the Monetary Economy of Productionp. 1
Bridging the Gap between Monetary Circuit Theory and Post-Keynesian Monetary Theoryp. 21
Monetary Circuit Theory and Money Emissionsp. 36
The Existence of Profits within the Monetary Circuit: Some Unanswered Questions Revisitedp. 56
Saving, Firms' Self-Financing, and Fixed-Capital Formation in the Monetary Circuitp. 77
Finance and the Realization Problem in Rosa Luxemburg: a 'Circuitist' Reappraisalp. 98
Money, Capital Turnover, and the Leisure Class: Thorstein Veblen's Tips for a Monetary Theory of Productionp. 116
From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theoryp. 138
The Dynamics of the Monetary Circuitp. 161
The Financialization of Modern Economies in Monetary Circuit Theoryp. 188
Name Indexp. 217
Subject Indexp. 220
Table of Contents provided by Ingram. All Rights Reserved.

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