1st Edition
Money, Markets and Capital The Case for a Monetary Analysis
List of Figures; List of Tables; List of Schemas; Introduction; Part I. Money in value theory; Chapter 1: A bird-eye’s view; Chapter 2: Integration of money into value theory and neutrality in a nutshell; The problem of integration; Neutrality of money: the Grail of money theory?; Chapter 3: Money: fiat money or social device for coordination?; The essence of money; The incentives for going beyond academic theory; Part II. The case for a monetary analysis; Chapter 4: Primitives of a monetary analysis; The fundamental postulates; Money and accounts: a close connexion; The minting process, a crucial element of a monetary economy; Chapter 5: A pure market economy: exchange relations; A market economy: main characteristics; Some propositions; The dynamics of market relations; Chapter 6: Entrepreneurs, wage-earners and capitalists; The rationale for the differentiation of entrepreneurs and wage-earners; Specific properties of an entrepreneur economy Erreur ! Signet non défini.; The level of activity: a crucial point; Appendix; Chapter 7: Some specific properties of a capitalist economy; Kalecki principle; Involuntary unemployment steady-states: Solow as a special case of a monetary analysis; Disequilibrium dynamics: Harrod’s razor-edge; From entrepreneur economy to finance; Appendix; Conclusion; Some advances of the present essay; Legal money; Out-of-equilibrium situations; Involuntary unemployment equilibria and foundations for Keynes economics; Economics and the plurality of social disciplines: a suggested interpretation; Money mediation as a self-referential system amongst others; Self-referential systems and complexity; References; Index
Biography
Jean Cartelier is Professor Emeritus at Paris Nanterre University. His main fields of interest are general economics, money theory and history of economic thought.
