Format:
1 online resource (313 pages)
Edition:
1st ed.
ISBN:
9780415697392
,
9781135126049
Series Statement:
Routledge International Studies in Money and Banking Series
Content:
This book argues that the treatment of money and monetary matters in economic theory has traditionally been incomplete and inconsistent, and puts forward a new approach both to money and to its role in economic theory
Note:
Cover -- Title -- Copyright Page -- Contents -- List of figures -- List of tables -- Preface -- Acknowledgements -- 1 Introduction, scopes and methods -- Scopes of the book -- Methodological matters -- The structure of the book -- 2 The understanding of money: a retrospective glance -- Introduction -- Aristotle -- The Salamanca School -- David Hume 1711-1776 -- Adam Smith 1723-1790 -- The bullionist debate and real bills -- David Ricardo 1772-1823 -- Henry Thornton 1760-1815 -- The aftermath of the bullionist debate and the currency debate -- Jean Baptiste Say 1767-1832 -- Knut Wicksell and the two paths of thinking -- Metallism and chartalism -- 3 Money, value and prices in neoclassical economic theory -- Introduction -- The structure of the neoclassical theory -- Arrow's paradox -- Money and cash balances -- How can we avoid theoretical chaos? -- The dimensionality problem and economic behaviour -- Developments of the neoclassical theory -- Summing up the neoclassical theory and its modifications -- 4 Money, value and prices in the Keynesian and monetarist theories -- From the microscopic level to the macroscopic level -- The complexity of the macroscopic structure -- Keynes and Keynesian macroeconomics -- Cash balances, inflation and uncertainty -- The IS-LM model as a policy tool and its alleged death -- Supply side economics -- Complementarities in production and labour hoarding -- The monetarist challenge -- 5 Concluding comments on the nature of money in economic theory -- Some lessons from history -- Some important features of liquidity -- Measuring inflation -- The fundamental intrinsic feature of money -- State and inflation -- A mathematical view of measures in non-equilibrium -- Some further comments on equilibrium -- Dynamics and irreversibility -- 6 Uncertainty, money and liquidity -- Risk and uncertainty
,
A first look at uncertainty -- Expected utility and the state space -- The complex state space - the copula -- Uncertainty of the agents' actions -- Three levels of uncertainty in decision making -- 7 Inter-temporal valuation, expectations and stability -- Introduction -- Valuation and expectation linked to the real economy -- Real performance and the financial sector -- Expectations -- Uncertainty and money contract -- Some comments on the globalized economy -- 8 Money and stability -- The dimensions of the concept of money -- The intrinsic logical meaning of money -- Diffusion of money and equilibrium -- The modelling problem -- Production and its conditions -- Notes -- Bibliography -- Index
Additional Edition:
Print version Ekstedt, Hasse Money in Economic Theory Oxford : Taylor & Francis Group,c2012 ISBN 9780415697392
Language:
English
Keywords:
Electronic books
URL:
FULL
((OIS Credentials Required))
