The endogenous nature of money is a fact that has been recognized
rather late in monetary economics. Today, it is explained most
comprehensively by post-Keynesian economic analysis. This book
revisits the nature of money and its endogeneity, featuring a
number of the protagonists who took part in the original debates in
the 1980s and 1990s, as well as new voices and analyses. Expert
contributors revisit long-standing discussions from the position of
both horizontalism and structuralism, and prescribe new areas of
research and debate for post-Keynesian scholars to explore.
Louis-Philippe Rochon and Sergio Rossi eloquently situate the
nature of money and its endogeneity in an historical context,
before bringing together an engaging array of chapters written by
contemporary leading scholars. These chapters put forth detailed
analyses of money creation; central bank operations and the role of
monetary authorities; a link between interest rates and income
distribution; a stock-flow analysis of monetary economies of
production; and finally, a reinterpretation of horizontalism and
structuralism. Post-Keynesian and heterodox economists,
institutionalist economists, scholars of money and finance, and
graduate students studying economics will all find this an
enlightening read. Contributors include: A. Cottrell, P. Dalziel,
P. Docherty, G. Fontana, S.T. Fullwiler, E. Hein, J.E. King, J.
Knodell, M. Lavoie, N. Levy-Orlik, C.J. Niggle, T.I. Palley, Y.
Panagopoulos, L.-P. Rochon, C. Rogers, S. Rossi, M. Sawyer, M.
Setterfield, J. Smithin, A. Spiliotis
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