Free Delivery Over $100
|
|
|||
|
||||
OverviewThorstein Veblen and Hyman Minsky are seminal thinkers who place great importance on the interaction between processes that link finance and financial markets with economic and social evolution. This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and laissez-faire macroeconomic theory and policy, thus exposing the relevant contribution of the macro-theories of Veblen and Minsky. The book starts with an elucidation of Veblen’s cultural theory of insufficient private demand, waste and financial fragility and instability. It shows how speculative and parasitic leverage engenders solvency illusions and risk, pecuniary efficiency, low quality liability structures and socially destructive boom-bust cycles. Minsky’s creative destruction liquidity processes and coordination failures of cash flow escalate the aforementioned path-dependent developments and explosive dynamics of capitalist economies. The main themes of the book are the cultural, evolutionary and holistic vision of macroeconomics, the evolving habits of mind, routines and financial institutions, the speculative, manipulated and unstable financial markets, as well as the financial macroeconomic destabilizing effects of pecuniary and parasitic consumption and investment. This book will be of great interest to researchers, intellectuals and students pursuing economics and finance. Full Product DetailsAuthor: Giorgos Argitis (Department of Economics, National and Kapodistrian University of Athens,)Publisher: Taylor & Francis Ltd Imprint: Routledge Weight: 0.453kg ISBN: 9780367777319ISBN 10: 0367777312 Pages: 136 Publication Date: 01 April 2021 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsPreface. Introduction 1. Veblen’s Cultural Macroeconomics 2. The pragmatic basis of Veblen’s approach to economic policy 3. Unsustainable asset and liability structures, market processes and Minsky’s macroeconomics 4. Minsky’s institutional stabilisers and endogenous capitalist instability 5. Cultural financial foundations for evolutionary macroeconomics EpilogueReviewsAuthor InformationGiorgos Argitis, Professor of Macroeconomics, Department of Economics, National and Kapodistrian University of Athens, Greece. Tab Content 6Author Website:Countries AvailableAll regions |
||||
