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Post Keynesian Monetary EconomicsPost Keynesian Monetary Economics

by Alain Parquez; Stephen Rousseas

This work offers a post-Keynesian evaluate of monetarism and of contemporary Keynesian hypothesis, requiring an arrival to the thoughts of John Maynard Keynes. The book’s essential accentuation is on the endogeneity of the cash supply and on the budgetary developments that have served to confine the adequacy of money related strategy. It requires the expansion of a specific control over the stream of acknowledge in the economy as an expansion to the traditional Keynesian contrcyclical apparatuses for keeping the economy at full work, alongside an acknowledgment that swelling is an element of cash wages and not the total supply or cash.

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