Financial Macroeconomics by Jan A. Kregel (English) Hardcover Book

Description: Financial Macroeconomics by Jan A. Kregel This book aims to show how technical aspects of financial were initially part of the early investigations of macroeconomics and how they may be used to provide a realistic analysis of the behavior of modern financial economies. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description The title of this book may seem to confuse two separate disciplines - finance and macroeconomics. However, it is based on the fact that finance and macroeconomics were integrated, at least in their formative years.It is a natural extension of a line of research that dominated monetary theory in the early part of the 20th century. Economists such as Keynes, Robertson, Hawtrey, Fisher, Hayek and Schumpeter sought to blend the analysis of business cycles with their (often first-hand) experience of money and financial markets. The result was a monetary theory that provided the fertile background to what came to be called macroeconomics. However, in the post-war period the monetary aspects of this theory dropped out of sight in the neo-classical synthesis and hydraulic Keynesianism. Post Keynesians such as Davidson and Minsky have done much to try to restore the monetary aspects of the theory, but the other - more technical - aspects of financial analysis have been ignored. This book aims to show how technical aspects of financial were initially part of the early investigations of macroeconomics and how may be used to provide a realistic analysis of the behaviour of modern financial economies. Author Biography Jan Kregel is director of research at the Levy Economics Institute, director of the Levy Institute Graduate programs in economic theory and policy, and head of the Institutes Monetary Policy and Financial Structure program.Felipe Rezende is a Research Scholar at the Levy Economics Institute. He previously taught at Bard (2017-2018), Hobart and William Smith Colleges (2010-2017), and the University of MissouriKansas City (2009). Table of Contents Introduction: Part 1 Methodology; Part 2 Effective Demand; Part 3 Price Theory, Theory of Interest and Financial Markets; Part 4: Unconventional Monetary Policy, Quantitative Easing, Yield Curve Twisting and Liquidity traps; Publication History; Index Review "This collection of essays shows why Geoffrey Harcourt often proclaimed Jan Kregel the greatest living economist. It offers a fascinating and unparalleled journey through Kregels reconstruction of macroeconomics building on contributions by Gibson, Fisher, Keynes, Hayek, Hicks, Macauley, Sraffa and Samuelson to the theory of money, finance and interest rates." —L. Randall Wray, Senior Scholar, Levy Economics Institute, Professor of Economics, Bard College"Financial Macroeconomics is a stellar collection of essays on institutional, evolutionary and Post Keynesian economics. More than a century ago, Thorstein Veblen asked where we might find surcease from the metaphysics of normality and controlling principles. Look no further: Kregel and Rezende have answered the call." — James K. Galbraith, The University of Texas at Austin."A unique collection of seminal papers by Jan Kregel, a pre eminent Post-Keynesian economist, covering important methodological issues, Keynes effective demand and many aspects of contemporary monetary theory and policy that challenge the conventional wisdom. The insights of the papers included here represent the best thinking of financial macroeconomics and deserve to be read widely." — Dimitri Papadimitriou, President Levy Economics Institute and Professor of Economics, Bard College"Jan Kregels erudite and thoughtful collection of essays is an account of Keyness economics that is unique in its scholarship and understanding of Keyness work, and the macroeconomics that superseded Keynesianism. What makes that account distinctive from the usual Post-Keynesian reflections is Jan Kregels deep understanding of finance, and the place of finance in Keyness thinking. This makes the essays essential reading for economists, financiers and financial reformers." —Jan ToporowskiThis brilliant collection of papers will persuade the reader that the theoretical split that matters in economics is not between macro and micro. It is between equilibrium theory and the principle of shifting equilibrium in a financial economy when only the latter holds the key to understanding the capitalist system we live in. —Andrea Terzi, Professor of Economics, Franklin University Switzerland.The collection of the historical evolution of economic thought edited by the three editors represents the theoretical basis without it will not be possible to enter the infosphere, the virtual sphere towards which all our practical activity is directed. It has the merit of remembering how economics has evolved, a topic neglected by those seeking an integration between the knowledge achieved over the past centuries and modern innovative research methods based on artificial intelligence. —Paolo Savona, Chairman of Consob (the Italian SEC) and Emeritus professor of Political Economics Promotional This book reconnects finance and macroeconomics through early investigations of macroeconomics and a realistic analysis of the behavior of modern financial economies. Details ISBN1839990333 Author Jan A. Kregel Series Anthem Other Canon Economics Year 2024 ISBN-13 9781839990335 Format Hardcover Place of Publication London Country of Publication United Kingdom Edited by Jan A. Kregel Audience Professional & Vocational Language English ISBN-10 1839990333 Publisher Anthem Press Imprint Anthem Press Publication Date 2024-08-13 UK Release Date 2024-08-13 DEWEY 339.2 Pages 318 AU Release Date 2024-08-12 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:160767633;

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