Monetary Economies of Production: Banking and Financial Circuits and the Role of the State

Monetary Economies of Production: Banking and Financial Circuits and the Role of the State

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Product Details

ISBN-13: 9781781003947
Publisher: Elgar, Edward Publishing, Inc.
Publication date: 11/13/2013
Pages: 304
Product dimensions: 6.10(w) x 9.30(h) x 0.80(d)

About the Author

Edited by Louis-Philippe Rochon, Full Professor of Economics, Laurentian University, Canada and Founding Editor Emeritus, Review of Keynesian Economics and Mario Seccareccia, Professor of Economics, University of Ottawa, Canada and Editor, International Journal of Political Economy

Table of Contents

Contents:
Preface
Warren Mosler
Selected Publications of Alain Parguez
1. Alain Parguez’s Contribution to Political Economy
Louis-Philippe Rochon and Mario Seccareccia
PART I: MONEY AND THEORY OF THE MONETARY CIRCUIT
2. The State, the Central Bank and the Monetary Circuit
Marc Lavoie
3. A Historical Perspective on the Theory of the Monetary Circuit: From Schumpeter to Parguez
Claude Gnos
4. Time of Production, Time of Circulation and Turnover Time: Exploring the Guts of Marx’s Circuits of Capital
Mathew Forstater
5. Credit Creation, the Monetary Circuit and the Formal Validity of Money
John Smithin
6. Is There Room for Bulls, Bears and States in the Circuit?
L. Randall Wray
PART II: MONEY, BANKS AND FINANCIAL CRISIS
7. When Wolves Cry ‘Wolf’: Systemic Financial Crises and the Myth of the Danaid Jar
Thomas Ferguson and Robert Johnson
8. Financial Institutions and the State: A Re-examination
Victoria Chick and Sheila Dow
9. Basel III and the Strengthening of Capital Requirement: The Obstinacy in Mistake or Why ‘it’ Will Happen Again
Bernard Vallageas
10. Rethinking Banking Institutions in Contemporary Economies: Are There Alternatives to the Status Quo?
Hassan Bougrine and Mario Seccareccia
11. Financial Flows and Mexico’s Disintegrated Spaces of Production
Gregorio Vidal and Wesley C. Marshall
PART III: MONEY, PUBLIC FINANCES AND ROLE OF THE STATE
12. Public Expenditure and Deficits: The Emerging Countries’ Financial Circuits and Crises
Eugenia Correa and Alicia Girón
13. The End of the Innocence: The True Nature of the Euro Crisis, and the Alternative Based on Minsky’s Socialization of the Economy and Parguez’s Good Deficits
Riccardo Bellofiore
14. The Monetary Conditions for Growth: Parguez’s Debt Stability Condition
Massimo Cingolani
15. A Contribution to the Macroeconomics of Public Goods and Externalities
Edward Nell
Index

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