This paper discusses the role that finance plays in promoting the capital development of the economy, with particular … emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital … the United States. To a large degree, this was because finance, instead of financing the capital development of the …

integrated analysis of money, finance and macroeconomics and its application to changing institutional and historical …

This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of … financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The … role of government as both regulator of private institutions and provider of finance is also discussed, and related topics …

This paper contrasts the orthodox approach with an alternative view on finance, saving, deficits, and liquidity. The … deficit that supplies the net dollar saving to the nongovernment sector. Further, saving is never a source of finance; rather …, private lending creates bank deposits to finance spending that generates income. Some of this income can be saved, so the …

finance should not matter much, the alternative tradition - from Veblen and Keynes to Galbraith and Minsky - provides the … basis for developing an approach that puts money and finance front and center. Including the theory of social costs also … generates policy recommendations more appropriate to an economy in which finance matters. …