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Understanding the Implications of Money Being a Social Convention

In: Contemporary Post Keynesian Analysis

Author

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  • Thomas A. Swanke

Abstract

Original articles by leading scholars of post Keynesian economics make up this authoritative collection. Current topics of the greatest interest are covered, such as: perspectives on current economic policy; post Keynesian approaches to monetary theory and policy; economic development, growth and inflation; Kaleckian perspectives on distribution; economic methodology; and history of heterodox economic theory. The contributors explore a variety of prevailing issues including: wage bargaining and monetary policy in the EMU; the meaning of money in the internet age; stability conditions for small open economies; and economic policies of sustainable development in countries transitioning to a market economy. Other enduring matters are examined through the lens of economic theorists – Kaleckian dynamics and evolutionary life cycles; a comparison between Keynes's and Hayek's economic theories; and an analysis of the power of the firm based on the work of Joan Robinson, to name a few.

Suggested Citation

  • Thomas A. Swanke, 2005. "Understanding the Implications of Money Being a Social Convention," Chapters, in: L. Randall Wray & Mathew Forstater (ed.), Contemporary Post Keynesian Analysis, chapter 5, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3161_5
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    Keywords

    Economics and Finance;

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