Money, Finance and Capitalist Development
Preview

Hardback

Money, Finance and Capitalist Development

9781840645989 Edward Elgar Publishing
Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK and Malcolm Sawyer, Emeritus Professor of Economics, University of Leeds, UK
Publication Date: 2001 ISBN: 978 1 84064 598 9 Extent: 288 pp
In the past thirty years the financial sector has seen unparalleled growth and has exerted increased economic and political influence and significance. This growth has come hand-in-hand with several serious economic crises and greater monetary instability. Set against this background, this important book offers a wide ranging, critical analysis of the financial sector.

Copyright & permissions

Recommend to librarian

Your Details

Privacy Policy

Librarian Details

Download leaflet

Print page

More Information
Critical Acclaim
Contributors
Contents
More Information
In the past thirty years the financial sector has seen unparalleled growth and has exerted increased economic and political influence and significance. This growth has come hand-in-hand with several serious economic crises and greater monetary instability. Set against this background, this important book offers a wide ranging, critical analysis of the financial sector.

Each of the chapters explores a different theme under the general topic of money, finance and capitalist development. The performance of capitalist economies is first analysed from a Keynesian evolutionary perspective before moving to a focus on the East Asian crisis and asking the question of whether the global neo-liberal regime can survive in Asia. The rapid growth of the financial sector has involved, amongst other changes, a dramatic growth in the sale of financial derivatives. This activity is examined and found to increase uncertainty rather than decrease risk. The nature of money, and in particular the nature of endogenous credit money, is thoroughly discussed, and the political economy of central banks and their operations is reviewed. The book concludes with a critical assessment of the non-accelerating inflation rate of unemployment.

Money, Finance and Capitalist Development will be of great value and interest to financial and monetary economists, as well as students and scholars of macroeconomics and finance.
Critical Acclaim
‘A valuable collection for those interested in contemporary economic issues. . . an excellent overview of the increasingly important financial sector and of its implications for macroeconomic performance and development.’
– Charles J. Whalen, Journal of Economic Issues
Contributors
Contributors: P. Arestis, J. Cornwall, W. Cornwall, J. Crotty, G. Dymski, P. Howells, C. Lapavitsas, M. Sawyer, J. Toporowski
Contents
Contents: Preface 1. Money, Finance and Capitalist Development 2. An Evolutionary–Keynesian Analysis of Capitalist Performance 3. Can the Global Neoliberal Regime Survive Victory in Asia? 4. Financial Derivatives, Liquidity Preference, Competition and Financial Inflation 5. The Endogeneity of Money 6. Political Economy of Central Banks: Agents of Stability or Sources of Instability 7. The NAIRU: A Critical Appraisal Index
eBook for individuals
978 1 84376 284 3
From $40.00
Click here for options
eBook for library purchase
978 1 84376 284 3
View sample chapter and check access on:
eBook options

Available for individuals to buy from these websites

Or recommend to your institution to acquire on Elgaronline
  • Buy as part of an eBook subject collection - flexible options available
  • Downloading and printing allowed
  • No limits on concurrent user access, ideal for course use
My Cart