Inflation and unemployment : contributions to a new macroeconomic approach / edited by Alvaro Cencini and Mauro Baranzini.
Annotation This work challenges traditional monetary theory by focusing on the role of banks and provides a new insight into the role played by bank money and capital accumulation. An international team of contributors reappraise analyses of the inflation and unemployment developed by Marshall, Keyn...
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| Online Access: | Electronic book from EBSCO |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: | London : Routledge, 1996. |
| Series: | Routledge studies in the modern world economy ;
4. |
| Subjects: | |
| Genre: | Electronic books. |
Table of Contents:
- Cover ; Title Page ; Copyright Page ; Table of Contents ; List of contributors ; INTRODUCTION ; Part I Inflation and unemployment: a monetary and structural framework for analysis ; 1 INFLATION AND DEFLATION: The two faces of the same reality ; Introduction.
- The quantity theory of money: a reappraisal The traditional analysis of inflation: a critical survey ; Unemployment ; Stagflation ; Inflation and deflation as the consequences of the same anomaly ; 2 STRUCTURAL CHANGE, ECONOMIC GROWTH AND UNEMPLOYMENT IN A VERTICALLY INTEGRATED MODEL.
- Introduction Two frameworks of analysis: the circular model and the vertically integrated model ; Technological unemployment in the vertically integrated model ; International mobility of labour, information and technical knowledge ; Summing up.
- Part II Inflation and deflation as monetary pathologies 3 UNEMPLOYMENT: Is there a principal cause? ; Introduction ; No positive measure of unemployment can occur in an economy where the definition of the national income reduces to C+I.
- The complete demonstration of the equivalence of saving and investment must be founded on a revision of the concept of money Profits are definitively not to blame for any measure of positive unemployment ; Real money, nominal money and the principal cause of unemployment; 4 FROM KEYNES'S TO THE MODERN ANALYSIS OF INFLATION.