Monetarism, Economic Crisis and the Third World

Monetarism, Economic Crisis and the Third World PDF Author: Karel Jansen
Publisher: Routledge
ISBN: 113519789X
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
First Published in 1983. This book is a contribution to the debate about Monetarism as an economic policy, and whether and how Monetarist policies can contribute to solving the current economic crisis. The diverse backgrounds and opinions of the distinguished economists writing in this volume, some supportive and some critical of Monetarism, ensure a variety of interpretations of the causes of, and responses to, the crisis. Overall, however, the book lays emphasis on two related factors which are frequently neglected in the current debates. Firstly, that the current economic crisis is a world crisis which is felt concomitantly, though in different forms and with different intensities, in the industrial countries, in the countries of the socialist bloc, and in the Third World. And although its manifestations in the industrial and in the developing countries have been quite different, the proposed policy answer has been fairly homogeneously Monetarist. Secondly, the message occurs throughout the book that in today's highly integrated world economy, national economic policies have lost much of their autonomy; Monetarist policies should therefore be assessed as to their consistency with external conditions and their effects on other countries. The contributors analyse the manifestations of the economic crisis in various parts of the world and give their individual views on Monetarist policies. Obviously there is no agreement, but that is not the purpose of this volume: its aim is to place the Monetarism discussion in the international context in which it should be conducted.

Monetarism, Economic Crisis and the Third World

Monetarism, Economic Crisis and the Third World PDF Author: Karel Jansen
Publisher: Routledge
ISBN: 113519789X
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
First Published in 1983. This book is a contribution to the debate about Monetarism as an economic policy, and whether and how Monetarist policies can contribute to solving the current economic crisis. The diverse backgrounds and opinions of the distinguished economists writing in this volume, some supportive and some critical of Monetarism, ensure a variety of interpretations of the causes of, and responses to, the crisis. Overall, however, the book lays emphasis on two related factors which are frequently neglected in the current debates. Firstly, that the current economic crisis is a world crisis which is felt concomitantly, though in different forms and with different intensities, in the industrial countries, in the countries of the socialist bloc, and in the Third World. And although its manifestations in the industrial and in the developing countries have been quite different, the proposed policy answer has been fairly homogeneously Monetarist. Secondly, the message occurs throughout the book that in today's highly integrated world economy, national economic policies have lost much of their autonomy; Monetarist policies should therefore be assessed as to their consistency with external conditions and their effects on other countries. The contributors analyse the manifestations of the economic crisis in various parts of the world and give their individual views on Monetarist policies. Obviously there is no agreement, but that is not the purpose of this volume: its aim is to place the Monetarism discussion in the international context in which it should be conducted.

Monetarist Economics

Monetarist Economics PDF Author: Milton Friedman
Publisher: Wiley-Blackwell
ISBN: 9780631171119
Category : Business & Economics
Languages : en
Pages : 188

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Book Description


The International Monetary Economy and the Third World

The International Monetary Economy and the Third World PDF Author: George Macesich
Publisher: Praeger Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 334

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Book Description


The Money Illusion

The Money Illusion PDF Author: Scott Sumner
Publisher: University of Chicago Press
ISBN: 0226826562
Category : Business & Economics
Languages : en
Pages : 415

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Book Description
The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It’s happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century. Foregoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.

Keynesianism, Monetarism, and the Crisis of the State

Keynesianism, Monetarism, and the Crisis of the State PDF Author: Simon Clarke
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 394

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Book Description
'. . . makes a significant contribution.' - Tom Bottomore, University of Sussex, UK

Monetarism

Monetarism PDF Author: Fouad Sabry
Publisher: One Billion Knowledgeable
ISBN:
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
What is Monetarism One school of thought within the field of monetary economics is known as monetary economics, and it places an emphasis on the role that policymakers have in regulating the quantity of money that is in circulation. It rose to prominence in the 1970s, but over the decade that followed, it was largely abandoned as a practical guidance to monetary policy. This was due to the fact that it was discovered that the strategy did not perform very effectively in practice. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Monetarism Chapter 2: Macroeconomics Chapter 3: Milton Friedman Chapter 4: Stagflation Chapter 5: Inflation Chapter 6: Causes of the Great Depression Chapter 7: Liquidity trap Chapter 8: Quantity theory of money Chapter 9: Neutrality of money Chapter 10: Criticism of the Federal Reserve Chapter 11: Monetary inflation Chapter 12: Milton Friedman bibliography Chapter 13: Shadow Open Market Committee Chapter 14: Phillip D. Cagan Chapter 15: Neoclassical synthesis Chapter 16: A Monetary History of the United States Chapter 17: Clark Warburton Chapter 18: Stimulus (economics) Chapter 19: History of macroeconomic thought Chapter 20: Post-war displacement of Keynesianism Chapter 21: Market monetarism (II) Answering the public top questions about monetarism. (III) Real world examples for the usage of monetarism in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Monetarism.

Capitalism - Money Interest and Assets

Capitalism - Money Interest and Assets PDF Author: Maximilian May
Publisher: GRIN Verlag
ISBN: 3640991702
Category : Business & Economics
Languages : en
Pages : 102

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Book Description
Bachelor Thesis from the year 2009 in the subject Economics - Monetary theory and policy, grade: 1,0, Ashcroft International Business School Cambridge (Anglia Ruskin University), language: English, abstract: The bachelor thesis has been written in an attempt to combine knowledge about economic interdependencies and the commonly unknown economic view of free economists (,Freiwirtschaft‘) including the following: Various economic views reaching from Mercantilism to Keynesian economics and Monetarism to present a basis for further evaluation of the topic (,Literature Review‘ Chapter 1) Chapter 2 dealt with basic economic rules, e.g. the non-accelerating inflation rate of unemployment (NAIRU) in an attempt to prove the prevalence of unemployment, inflation and others in modern economies Money and its various, partially contradictory definitions, interest and compound interest and growing financial assets (vs. real economy) regarding the latest financial crisis (Chapter 3) Besides quantitative textbook research in chapters 1 to 3, chapter 4 includes personally conducted qualitative research asking members of the free economists‘ movement for some of the basic consequences that emerge from the currently running capitalistic economic system: Societal tensions within industrialised countries (growing gap between rich and poor) The connection between environmental abuse and capitalism Growing national debts (which is currently big in the news =) The industrialised world vs. developing and third world countries Reasons for financial crises and business cycles in general What does not become clear from the above is the author‘s belief in the founder of the Freiwirtschaft Silvio Gesell and that his view of the matter played a leading role throughout the thesis. In an attempt to analyze and synthesize the economic world order and to then compare it to the free economists view to prove the current instabilities and to give an alternative to the current system. The findings of the thesis can be summarized as follows: A demurrage on money is needed to break the downward rigidity of interest rates This, in turn, would increase the velocity of money Which could lead to the abolishment of price instability Which could - depending on the marketplace - abolish unemployment Generally, the marketplace in any economy could eventually respond to reality, e.g. a saturated market has a negative growth, so the financial assets are able to lose in value correspondingly.

The Global Financial Crisis and the New Monetary Consensus

The Global Financial Crisis and the New Monetary Consensus PDF Author: Marc Pilkington
Publisher: Routledge
ISBN: 1134582498
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
The Global Financial Crisis has reshuffled the cards for central banks throughout the world. In the wake of the biggest crisis since the Great Depression, this volume traces the evolution of modern central banking over the last fifty years. It takes in the inflationary chaos of the 1970s and the monetarist experiments of the 1980s, eventually leading to the New Monetary Consensus, which took shape in the 1990s and prevailed until 2007. The book then goes on to review the limitations placed on monetary policy in the aftermath of the global meltdown, arguing that the financial crisis has shaken the new monetary consensus. In the aftermath of the worst crisis since the Great Depression, the book investigates the nature of present and future monetary policy. Is the Taylor rule still a satisfactory monetary precept for central bankers? Has the New Monetary Consensus been shaken by the Global Financial Crisis? What are the fundamental issues raised by the latter cataclysmic chain of events? How should central banks conceptualize monetary policy anew in a post-crisis scenario? Existing books have dwelt extensively on the characteristics of the New Monetary Consensus, but few have cast light on its relevance in a post-crisis scenario. This book seeks to fill this gap, drawing on the lessons from five decades of contrasted theoretical approaches ranging from Keynesianism, monetarism, new classical macroeconomics, inflation targeting and more recently, pragmatic global crisis management.

Crisis in the Third World

Crisis in the Third World PDF Author: Andre Gunder Frank
Publisher: New York : Holmes & Meier Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 404

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Book Description


A Theory of Capitalist Regulation

A Theory of Capitalist Regulation PDF Author: Michel Aglietta
Publisher: Verso Books
ISBN: 1784782408
Category : Political Science
Languages : en
Pages : 556

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Book Description
Aglietta's path-breaking book is the first attempt at a rigorous historical theory of the whole development of US capitalism, from the Civil War to the Carter presidency. A major document of the "Regulation School" of Marxist economics, it was received as the boldest book in its field since the classic studies of Paul Baran, Paul Sweezy and Harry Braverman. This edition includes a substantial new postface by Aglietta which brings regulation theory face to face with capitalism at the beginning of the new millennium.