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Monetary Macroeconomics : A New Approach - Alvaro Cencini

Monetary Macroeconomics

A New Approach

Hardcover Published: 28th June 2001
ISBN: 9780415195690
Number Of Pages: 240

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This book provides the grounding for a new approach to monetary economics, based on the book-keeping nature of money. The main themes of macroeconomics are examined to show how we may improve our understanding through a thorough analysis of their monetary aspects. Money is the key element and its role is investigated in relation to value, prices, profits, capital and interest. Alvaro Cencini's analysis rejects the traditional, net asset definition of money, arguing that despite appearances to the contrary, money is issued by banks as a mere numerical form. It is through its association with production that it is given its positive value, purchasing power. The resulting theory elicits a new understanding of the conditions behind today's monetary disorders and prescribes new remedies to cure them once and for all.

Money, Value and Prices The problem
Money and value
Money and relative prices
Money as a pure numerical form
Money, value and absolute prices
Money and Exchange Money and relative exchange
General equilibrium models of monetary economics
A fundamental critique to GEA
Money and absolute exchange
Money, Credit and Banks Money and credit
Money and banks
Credit and banks
Money and Production Production as a circular flow
Production as a one-way process
Production as a process of creation and exchange
Money and Capital Labour, time and capital
The neoclassical approach to capital
Income, capital and time
Money, Capital and Interest Interest, exchange and credit
Interest, income and production
Interest and fixed capital
Order Versus Disorder The neoclassical approach to economic disorder
The classical analysis of monetary disorder and recession
Keynes' contribution revisited
Unemployment, capital accumulation and interest rates
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415195690
ISBN-10: 0415195691
Series: Routledge International Studies in Money and Banking, 15
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 240
Published: 28th June 2001
Country of Publication: GB
Dimensions (cm): 23.5 x 15.88  x 1.78
Weight (kg): 0.48
Edition Number: 1

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