Produktdetaljer
Biografisk notat
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<i>'This </i>Handbook<i> covers a wide variety of issues of money and finance from a heterodox perspective and it proves that very convincing work is going on beyond mainstream economics. . . Arestis and Sawyer have done a marvellous job bringing together all these contributions, and I can highly recommend this </i>Handbook<i> to students and researchers in the area of money, finance and macroeconomics.'</i>
- Eckhard Hein, Intervention,
<i>'This book is an important contribution to monetary theory. . . The spectrum of varying interpretations offered in this book is much wider than that found in all of mainstream monetary theory. Most of the 29 contributions in this work represent a substantial change to conventional monetary theory. . . the material is very valuable. Highly recommended. Comprehensive upper-division collections and all graduate research collections.'</i>
- M. Perelman, Choice,
There are many themes and facets of alternative monetary and financial economics but two major ones can be identified. The first concerns the nature of money: money is credit created through the financial system in the process of loan creation. The second theme is that money is endogenous and not exogenous. Contributions to the Handbook cover the origins and nature of money, detailed analyses of endogenous money, surveys of empirical work on endogenous money and the nature of monetary policy when money is endogenous. The second theme focuses on the financial system, and the perception that it is generally subject to volatility, instability and crisis. This Handbook will undoubtedly serve as the ultimate guide to the full spectrum of alternative monetary economics.
Philip Arestis and Malcolm Sawyer have performed an invaluable task in compiling a comprehensive Handbook, written by leading specialists, that will be required reading by upper level undergraduate and postgraduate students studying money, finance and macroeconomics as well as heterodox and monetary economists more generally.