Post Keynesian Monetary Economics

Viac o knihe

The book critiques monetarism and contemporary Keynesian theory, advocating a return to John Maynard Keynes' original concepts. It highlights the endogeneity of the money supply and the impact of financial innovations on monetary policy effectiveness. The author proposes incorporating selective credit controls alongside traditional Keynesian tools to maintain full employment, asserting that inflation is driven by money wages rather than aggregate supply or money.