عنوان

Money, markets and capital :

135112921X

1351129228

1351129236

1351129244

9781351129213

9781351129220

9781351129237

9781351129244

0815355777

9780815355779

Money, markets and capital :

[Book]

a case for monetary analysis /

Jean Cartelier.

London :

Routledge,

2018.

©2018

1 online resource (vi, 240 pages)

Routledge international studies in money and banking

Includes bibliographical references and index.

A bird's-eye view -- Integration of money into value theory and neutrality in a nutshell -- Money: fiat money or social device for coordination? -- Primitives of a monetary analysis -- A pure market economy: exchange relations -- Entrepreneurs, wage-earners and capitalists -- Some specific properties of a capitalist economy.

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Money and payments are familiar to everybody. Economists however are often at a loss in assessing the extent to which money matters. As a matter of fact, money is at the origin of the main cleavage in economic theory. Beyond sophisticated models what is at stake is whether money is just an appearance which hides the essence of economic life (value and happiness of people) or, on the contrary, the very substance of economic relations, not limited to exchanges, in which power and sovereignty are ever present. In a first part, the author shows how fragile and shaky are the attempts made by value theoreticians to integrate money into their analysis. In a second part, he develops a rigorous alternative theory by giving strong logical foundations to a monetary analysis in the spirit of Keynes. Many important economic phenomena left unexplained by academic theory are accounted for (involuntary equilibrium unemployment), a new method in dynamics is resorted to (viability theory) and various economic relations are elucidated which are not reducible to exchange, the only one dealt with by academic theoreticians. This is the case of the wage relationship. Although written in view of an audience acquainted with economic theory, this book can be read nevertheless by a larger circle since the technicalities have been reduced to what is strictly necessary to understand what is at stake.

Ingram Content Group

9781351129220

Money, markets and capital.

9780815355779

Capital market.

Monetary policy.

Money-- Philosophy.

BUSINESS & ECONOMICS-- Finance.

Capital market.

Monetary policy.

Money-- Philosophy.

BUS-- 027000

Cartelier, Jean

20200822134605.0

pn

[Book]

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