This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. M…
"Economists in academia and in policymaking organizations who want to learn about recent developments in the area of optimal monetary policy, as well as graduate and advanced undergraduate students in macroeconomic and monetary economics, will find this volume a clear and thorou…
Mainstream economics fails to grasp the nature of money. It is seen either as a 'neutral veil' over the operation of the 'real' economy or as a 'thing' - a special commodity. This book draws on neglected traditions in the social sciences to develop a theory of the 'social relati…
Mainstream economics fails to grasp the nature of money. It is seen either as a 'neutral veil' over the operation of the 'real' economy or as a 'thing' - a special commodity. This book draws on neglected traditions in the social sciences to develop a theory of the 'social relati…
No issue is more fundamental in contemporary macroeconomics than identifying the causes of the recent Great Recession. The standard view is that the banks were to blame because they took on too much risk, 'went bust' and had to be bailed out by governments. However very few bank…
