0

Call Boomerang Books 1300 36 33 32

Description - Liquidity Preference and Monetary Economies by Fernando J. Cardim de Carvalho

The 2008 international crisis has revived the interest in Keynes's theories and, in particular, on Minsky's models of financial fragility. The core proposition of these theories is that money plays an essential role in modern economies, which is usually neglected in other approaches. This is Keynes's liquidity preference theory, which is also the foundation for Minsky's model, a theory that has been largely forgotten in recent years.

This book looks at liquidity preference theory and its most important problems, showing how one should understand the role of money in modern monetary economies. It develops Keynes's and Minsky's financial view of money, relating it to the process of capital accumulation, the determination of effective demand and the theory of output, and employment as a whole.

Building on the author's significant body of work in the field, this book delves into a broad range of topics allowing the general reader to understand propositions that have been mistreated in the literature including Keynes and the concept of monetary production economy; uncertainty, expectations and money; short and long period; liquidity preference theory as a theory of asset pricing under uncertainty; asset prices and capital accumulation; Keynes's version of the principle of effective demand; and the role of macroeconomic policy. It will be essential reading for all students and scholars of Post-Keynesian economics.

Buy Liquidity Preference and Monetary Economies by Fernando J. Cardim de Carvalho from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9781138838383
ISBN-10: 1138838381
Format: Hardback
(234mm x 156mm x mm)
Pages: 154
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 21-May-2015
Country of Publication: United Kingdom

Book Reviews - Liquidity Preference and Monetary Economies by Fernando J. Cardim de Carvalho

» Have you read this book? We'd like to know what you think about it - write a review about Liquidity Preference and Monetary Economies book by Fernando J. Cardim de Carvalho and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)


A Preview for this title is currently not available.