Money in Economic Theory

Business & Finance, Finance & Investing, Banks & Banking, Economics, Economic History
Cover of the book Money in Economic Theory by Hasse Ekstedt, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Hasse Ekstedt ISBN: 9781135126032
Publisher: Taylor and Francis Publication: December 12, 2012
Imprint: Routledge Language: English
Author: Hasse Ekstedt
ISBN: 9781135126032
Publisher: Taylor and Francis
Publication: December 12, 2012
Imprint: Routledge
Language: English

The financial crash of 2008 showed the fragility of the financial system. A key question which surfaced in the aftermath of the global crisis was why economists were unable to predict this crash. This new volume argues that this failure can be attributed, at least in part, to the poor and inconsistent treatment of money and monetary matters in economic theory. The book takes this problem as its starting point, and from there aims to develop a more consistent treatment of the topic.

Here, Hasse Ekstedt affirms that the treatment of money in economic theory has been inconsistent and that the topic of money can in fact be seen as anomalous. He argues that this anomaly depends on deficiencies in the economic theory, which through an equilibrium approach mainly perceives money as an index of measurement.

In contrast, this volume puts forward the case for money as a non-equilibrium concept, and that the stability of money and financial markets are to be sought in social and institutional structures. In particular, the volume discusses the relationship between the market and public bodies, as well as addressing economic and financial stability in general and in relation to the globalized economy, particularly focussing on the problem of structural stability. In doing so, the book offers a new approach both to money and to its role in economic theory.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The financial crash of 2008 showed the fragility of the financial system. A key question which surfaced in the aftermath of the global crisis was why economists were unable to predict this crash. This new volume argues that this failure can be attributed, at least in part, to the poor and inconsistent treatment of money and monetary matters in economic theory. The book takes this problem as its starting point, and from there aims to develop a more consistent treatment of the topic.

Here, Hasse Ekstedt affirms that the treatment of money in economic theory has been inconsistent and that the topic of money can in fact be seen as anomalous. He argues that this anomaly depends on deficiencies in the economic theory, which through an equilibrium approach mainly perceives money as an index of measurement.

In contrast, this volume puts forward the case for money as a non-equilibrium concept, and that the stability of money and financial markets are to be sought in social and institutional structures. In particular, the volume discusses the relationship between the market and public bodies, as well as addressing economic and financial stability in general and in relation to the globalized economy, particularly focussing on the problem of structural stability. In doing so, the book offers a new approach both to money and to its role in economic theory.

More books from Taylor and Francis

Cover of the book Unbearable Affect by Hasse Ekstedt
Cover of the book Design for Inclusivity by Hasse Ekstedt
Cover of the book Introduction to the Study of Religion by Hasse Ekstedt
Cover of the book Iraqi Kurdistan, the PKK and International Relations by Hasse Ekstedt
Cover of the book Adapting to EU Multi-Level Governance by Hasse Ekstedt
Cover of the book Kalecki's Principle of Increasing Risk and Keynesian Economics by Hasse Ekstedt
Cover of the book White Supremacy in Children's Literature by Hasse Ekstedt
Cover of the book Race, Colour and the Processes of Racialization by Hasse Ekstedt
Cover of the book Making Sense of Piaget by Hasse Ekstedt
Cover of the book Souls of Black Folk by Hasse Ekstedt
Cover of the book Couple Attachments by Hasse Ekstedt
Cover of the book RTI Strategies that Work in the K-2 Classroom by Hasse Ekstedt
Cover of the book Challenges in Educational Management by Hasse Ekstedt
Cover of the book Ukraine's Foreign and Security Policy 1991-2000 by Hasse Ekstedt
Cover of the book Economics of Rural Land-Use Change by Hasse Ekstedt
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy