Credit, Money, and Production: An Alternative Post-Keynesian Approach

Credit, Money, and Production: An Alternative Post-Keynesian Approach
ISBN-10
1781959595
ISBN-13
9781781959596
Category
Business & Economics
Pages
360
Language
English
Published
1999-11-25
Publisher
Edward Elgar Publishing
Author
Louis-Philippe Rochon

Description

Rochon (economics and banking, Kalamazoo College) uses a horizontalist perspective to offer a historical overview of the post-Keynesian and circuit approaches to endogenous money, and provides an informed critique of the development of post-Keynesian economics. He argues that rather than emphasizing the early writings of Minsky, Kaldor, and Tobin in the 1950s and of Davidson and Rousseas later, post Keynesians ought to have followed the writings of Joan Robinson and Richard Kahn who offered better theories of credit-money.

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