Monetary Macroeconomics
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A01=Alvaro Cencini
Absolute Exchange
Author_Alvaro Cencini
bank
Bank Deposits
Bank Money
banking system analysis
capital accumulation dynamics
Capital Goods
Category=KCBM
Consumption Goods
credit creation process
current
Current Output
deposit
Double Entry
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Excess Demand
Fiat Money
Fixed Capital
general equilibrium critique
good
holders
income
Income Holders
Instrumental Goods
Keynes 1973a
macroeconomic theory
modern
Modern Monetary Analysis
Monetary Disorder
Monetary Macroeconomics
monetary policy disorders
monetary value theory development
money
Money Income
Money's Purchasing Power
Money’s Purchasing Power
Nominal Money
output
Positive Purchasing Power
real
Real Goods
Schmitt 1984b
Vice Versa
Wage Units
Walras's Law
Walras’s Law
Product details
- ISBN 9780415757669
- Weight: 340g
- Dimensions: 156 x 234mm
- Publication Date: 08 Apr 2014
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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This book provides the grounding for a new approach to monetary economics, based on the book-keeping nature of money. The main themes of macroeconomics are examined to show how we may improve our understanding through a thorough analysis of their monetary aspects. Money is the key element and its role is investigated in relation to value, prices, profits, capital and interest. Alvaro Cencini's analysis rejects the traditional, net asset definition of money, arguing that despite appearances to the contrary, money is issued by banks as a mere numerical form. It is through its association with production that it is given its positive value, purchasing power. The resulting theory elicits a new understanding of the conditions behind today's monetary disorders and prescribes new remedies to cure them once and for all.
Alvaro Cencini is Professor of Monetary Theory and Monetary Economics at the Università della Svizzera Italiana and at the Centre for Banking Studies, Lugano, Switzerland. He is also the founder and co-director of the Laboratory of Research in Monetary Economics. His previous publications include Monetary Theory: National and International (Routledge 1995) and Inflation and Unemployment , with M. Baranzini, eds. (Routledge 1996).
