This influential volume, which has been revised and updated for the twenty-first century, includes both new material and more detailed expositions of existing arguments. Although so-called 'real' theories of business cycles and growth are prevalent in contemporary mainstream economics,...

chapter 1 Money and alternative visions of capitalism -- chapter 2 Economics and politics -- chapter 3 Methodological issues in monetary economics -- chapter 4 The role of money in the economy -- chapter 5 The determination of interest rates -- chapter 6 A theory of profit -- chapter 7 A theory...

Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The main emphasis is on views stressing the importance of credit creation...