1st Edition
Money, Enterprise and Income Distribution Towards a macroeconomic theory of capitalism
By John Smithin
Copyright 2009
240 Pages
32 B/W Illustrations
by
Routledge
240 Pages
32 B/W Illustrations
by
Routledge
240 Pages
by
Routledge
Also available as eBook on:
Mainstream neoclassical economics tells us that money is essentially a commodity, has no other social meanings or consequences, and (therefore) exists only as a medium of exchange to lubricate/facilitate barter. This book takes the view that money is definitively a social relation between private persons or legal persons. As such, it is one of the main building blocks of the complex structure of social relations of capitalism itself.
1. Money and alternative visions of capitalism, 2. Economics and politics, 3. Methodological issues in monetary research, 4. The role of money in the economy, 5. The determination of interest rates, 6. A theory of profit, 7. A theory of wages, 8. Effective demand, income distribution, and economic growth, 9. Endogenous money, monetary policy and inflation, 10. A complete macroeconomic model of output growth, inflation, and income distribution, 11. Notes on fiscal policy and the public finances, 12. Concluding remarks
Biography
John Smithin is Professor of Economics in the Department of Economics and the Schulich School of Business, York University, Toronto, Canada
