Money, Valuation and Growth: Conceptualizations and contradictions of the money economy, 1st Edition (Paperback) book cover

Money, Valuation and Growth

Conceptualizations and contradictions of the money economy, 1st Edition

By Hasse Ekstedt


294 pages | 36 B/W Illus.

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Paperback: 9781138299962
pub: 2017-06-16
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Hardback: 9781138782150
pub: 2015-09-10
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pub: 2015-09-16
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We have experienced an era of extreme anti-inflationary policy combined with debts and deficits, the result of which has been a decrease in social stability. This book examines how using mainstream theory as the basis for economic decisions leads to misunderstandings of central concepts of our economic reality. It aims to establish a better understanding of the discrepancies between the current mainstream economic theory and the economy experienced in business and politics.

This ambitious and wide-ranging volume begins the project of rethinking the approach of economics to money. In this new light, concepts such as valuation, price, uncertainty, growth and aggregation are interpreted differently, even as analytical inconsistencies and even intrinsic contradictions between these concepts arise. A central theme of the book is the use of money as a measure and whether the disconnect between money as a form of measurement and money as it is used in the real world can be maintained.

This book calls for a radical rethinking of the basis of much of the modern study of economics. It will be of interest to researchers concerned with monetary economics, finance, political economy and economic philosophy.

Table of Contents

1. Neoclassical Theory and Rational Expectations: Theoretical Deficiencies 2. Aggregation, Money and Keynes Epistemology 3. Basics on Money 4. Money, Finance and Growth 5. Structural Stability in Models and Reality 6. Inflation and Unemployment 7. Epilogue: Picture and Axiomatic Structures

About the Author

Hasse Ekstedt is a Senior Researcher in the School of Public Administration at the University of Gothenburg, Sweden.

About the Series

Routledge International Studies in Money and Banking

This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.

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