This major Handbook consists of 29 contributions that explore the
full range of exciting and interesting work on money and finance
currently taking place within heterodox economics. There are many
themes and facets of alternative monetary and financial economics
but two major ones can be identified. The first concerns the nature
of money: money is credit created through the financial system in
the process of loan creation. The second theme is that money is
endogenous and not exogenous. Contributions to the Handbook cover
the origins and nature of money, detailed analyses of endogenous
money, surveys of empirical work on endogenous money and the nature
of monetary policy when money is endogenous. The second theme
focuses on the financial system, and the perception that it is
generally subject to volatility, instability and crisis. This
Handbook will undoubtedly serve as the ultimate guide to the full
spectrum of alternative monetary economics. Philip Arestis and
Malcolm Sawyer have performed an invaluable task in compiling a
comprehensive Handbook, written by leading specialists, that will
be required reading by upper level undergraduate and postgraduate
students studying money, finance and macroeconomics as well as
heterodox and monetary economists more generally.
General
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