The political economy of monetary circuits: tradition and change in post-keynesian economics

Jean-Francois Ponsot and Sergio Rossi

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Abstract: This collection of essays in the tradition of monetary circuit theory, also known as monetary theory of production, elaborates on the foundations of modern monetary macroeconomics. It contributes to a new approach to monetary analysis, which provides original insights into the complex fields of money, banking, and finance. The contributors explain a number of economic activities, such as production, consumption, investment, and fixed capital accumulation, in terms of monetary circuits, providing a deeper understanding of the working of contemporary economic systems. This book offers an original analysis of the fundamental factors that led to the current global economic and financial crisis.

Keywords: political economy; monetary theory; economic system; post-Keynesian economics; économie politique; politique monétaire; post-keynésianisme; théorie monétaire; système économique (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (8)

Published in Palgrave Macmillan, 256 p., 2009

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00482625

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