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Saving, Asset-Price Inflation, and Debt-Induced Deflation

In: Money, Financial Instability and Stabilization Policy

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  • Michael Hudson

Abstract

Money, Financial Instability and Stabilization Policy consists of original articles by leading Post Keynesians, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been associated with the study of money, financial markets and financial instability. Indeed, this is perhaps the area to which Post Keynesians have made the greatest contributions. The authors to this volume present an overview of the latest research on monetary theory and policy, financial markets, and financial instability coming out of the Post Keynesian school of thought. They provide an indication of the wide-ranging interests and of the truly international scope of Post Keynesian research. The first half of the volume is theoretical, while the second half includes papers that are either empirical or more focused on specific concerns.

Suggested Citation

  • Michael Hudson, 2006. "Saving, Asset-Price Inflation, and Debt-Induced Deflation," Chapters, in: L. Randall Wray & Mathew Forstater (ed.), Money, Financial Instability and Stabilization Policy, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3902_6
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    File URL: https://www.elgaronline.com/view/9781845424749.00012.xml
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    Cited by:

    1. Michael Hudson, 2013. "Capital gains, total returns and saving rates," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(2), pages 221-230.
    2. Dirk J. Bezemer, 2011. "Who Predicted the Crisis and What Can We Learn from Them?," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 1, Edward Elgar Publishing.

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    Keywords

    Development Studies; Economics and Finance;

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