In this important new book, Sheila Dow argues that money is
integral to the economic process and that some common principles
may be applied when analysing money's role at the regional,
national and international levels. The importance of considering
the spatial aspects of money's role has been highlighted by recent
developments in Europe and elsewhere.Using a post Keynesian
perspective, the first five chapters put forward a methodological
and theoretical framework for a theory of money which combines
endogenous credit creation and liquidity preference. The next five
chapters analyse money's role in the economic process as it affects
regional economies. The final two chapters adapt the theory in
order to analyse finance and development in the international
context, and as a basis for discussing possible international
institutional reforms. Money and the Economic Process features some
of Sheila Dow's most acclaimed articles and papers in this area, as
well as including some new work which reveals the recent
development of her thought.
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