Monetary Macroeconomics: A New Approach

Abstract

Chapter One: Money, Value and Prices The problem Money and value Money and relative prices Money as a pure numerical form Money, value and absolute prices Chapter Two: Money and Exchange Money and relative exchange General equilibrium models of monetary economics A fundamental critique to GEA Money and absolute exchange Chapter Three: Money, Credit and Banks Money and credit Money and banks Credit and banks Chapter Four: Money and Production Production as a circular flow Production as a one-way process Production as a process of creation and exchange Chapter Five: Money and Capital Labour, time and capital The neoclassical approach to capital Income, capital and time Chapter Six: Money, Capital and Interest Interest, exchange and credit Interest, income and production Interest and fixed capital Chapter Seven: Order Versus Disorder The neoclassical approach to economic disorder The classical analysis of monetary disorder and recession Keynes' contribution revisited Unemployment, capital accumulation and interest rates

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