1st Edition
Inequality and Stagnation A Monetary Interpretation
Introduction
Part I: Preliminary elements
1. Money and institutions: a historical perspective
2. The effects of the dominance of finance on the economy and on policy
Part II: Basic concepts and analyses
3. Say’s Law and the Principle of Effective Demand
4. Theories of income distribution in an economy producing one-commodity
5. Theories of distribution in an economy producing more than one commodity
6. Rationality and uncertainty
Part III: Keynes and Sraffa on money, distribution, and production
7. The evolution of Keynes’ work on the role of money in the economic process
8. Keynes’ and Sraffa’s monetary writings and the Cambridge Tradition
Part IV: A monetary interpretation of the recent rise of inequality and of stagnation
9. The evolution of financial regulation in USA
10. Rising systemic risk and financial crises
11. US monetary policy and the decline in the interest rates (1990–2007)
12. The dominance of finance in emerging economies
13. Financial industry, inequality, and stagnation: a multi-sectorial economy
Conclusions
Biography
Santiago Capraro is a full-time professor in Economics at the Economics School, Universidad Nacional Autonoma de Mexico (UNAM), and teaches Macroeconomics in the Economics Graduate Program at UNAM.
Carlo Panico is Professor at the UNAM. He was Professor of Political Economy at the University Federico II of Naples (Italy).
Luis Daniel Torres-González is Adjunct Professor at the undergraduate and graduate program, UNAM, and member of the Mexican National Research System Level I (SNI-I).
