ISBN:
9783031517372
Language:
English
Pages:
1 Online-Ressource (XV, 271 p. 11 illus.)
Series Statement:
Palgrave Studies in the History of Economic Thought
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
DDC:
330.1509
Keywords:
Economics
;
Macroeconomics.
;
Schools of economics.
;
International economic relations.
;
Financial services industry.
;
history of economic thought through 1925
;
history of economic thought since 1925
;
monetary economics
;
central banking
;
international monetary arrangements and institutions
;
economic pathologies
;
monetary reform
;
national payments
;
international payments
;
sovereign debt crises
;
theory of money emissions
Abstract:
Chapter 1. Introduction -- PART 1: NATIONAL PAYMENTS- Chapter 2. Nominal and real money, general equivalent, and value -- Chapter 3. From money as a numéraire to the quantity theory of money -- Chapter 4. Keynes on bank money and the ‘monetary theory of production’ -- Chapter 5. The macroeconomic analysis of national payments -- PART II: INTERNATIONAL PAYMENTS -- Chapter 6. The classical view of international transactions -- Chapter 7. The neoclassical approach to international transactions -- Chapter 8. Keynes’s analysis of external payments -- Chapter 9. The macroeconomic analysis of international payments -- Chapter 10. Conclusion.
Abstract:
This book demonstrates the relevance of the historical perspective with respect to national and international payment systems. Its analysis of national and international payments develops along a dialectical path that starts with the work of the Classics (thesis), undergoes a radical turn with the advent of the neoclassical school (antithesis), and reaches the modern theory of emissions passing through Keynes’s contribution (synthesis). That the history of economic thought occupies a legitimate place in the field of historical studies is beyond dispute. What may be less well understood is that it can serve purposes beyond those of the academic community of historians. This book critically investigates the contributions of the greatest economists of the past to provide insights into the pathologies of today’s systems of national and international payments and into the reforms that are needed to correct them. It will be relevant to students and researchers interested in economic policy and the history of economic thought. Andrea Carrera is an Assistant Professor of Applied Economics at Complutense University of Madrid and an Affiliated Researcher at the Complutense Institute for International Studies (ICEI). He has also been serving as a Marie Skłodowska-Curie exchange researcher in Asia and South America. His current research interests are in monetary economics and economic catch-up. Alvaro Cencini is Professor Emeritus of Monetary Economics at the Università della Svizzera italiana, Switzerland. He holds a D.phil degree from the University of Fribourg and a Ph.D. degree from the London School of Economics. He is the author of several books, contributions to books, and peer-reviewed journals on monetary economics. See also: www.quantum-macroeconomics.info.
DOI:
10.1007/978-3-031-51737-2
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