{"product_id":"monetary-policy-and-inequality","title":"Monetary Policy and Inequality","description":"\u003cp\u003eThis book explores the relationship between monetary policy and income (and wealth) distribution, a growing area of research in post-Keynesian and heterodox economics today. The interest actually goes back at least to Keynes, who, in his \u003cem\u003eA Tract on Monetary Reform\u003c\/em\u003e, discusses the effects of interest rates on income distribution—what has been called a ‘rentier-first’ monetary policy. This led Keynes, in the \u003cem\u003eGeneral Theory\u003c\/em\u003e, to advocate for what he calls ‘the euthanasia of the rentier.’ For Keynes, monetary policy should be set at a low enough rate of interest as to maximize our collective ability to attain full employment. Joan Robinson further developed these ideas in her \u003cem\u003eAccumulation of Capital\u003c\/em\u003e (1956), examining the distributive nature of interest rates.\u003c\/p\u003e\u003cp\u003eWithin contemporary heterodox economics, this topic gained renewed attention in the late 1980s through influential papers by prominent post-Keynesians who highlighted concerns about how interest rate changes affect functional income distribution. This perspective places social class dynamics and class conflict at the center of monetary policy debates, challenging mainstream approaches that often overlook distributional consequences.\u003c\/p\u003e\u003cp\u003eThis book is an invaluable read for economics researchers, graduate students, and policy analysts of monetary theory, macroeconomics, political economy, income inequality, financial economics, and heterodox economic approaches.\u003c\/p\u003e\u003cp\u003eThe chapters in this book were originally published in \u003cem\u003eReview of Political Economy\u003c\/em\u003e.\u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Default Title","offer_id":55409063231832,"sku":"9781041173625","price":192.2,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0278\/1295\/4195\/files\/9781041173625.jpg?v=1768416332","url":"https:\/\/agendabookshop.com\/products\/monetary-policy-and-inequality","provider":"Agenda Bookshop","version":"1.0","type":"link"}