Money, credit and finance: National, regional and global dimensions
Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious capital and the break-up of the surplus value into profit, int...
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| Format: | Book Chapter |
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Routledge
2009
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| Online Access: | http://hdl.handle.net/20.500.11937/35431 |
| _version_ | 1848754495275663360 |
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| author | O'Hara, Phillip |
| author2 | Jack Reardon |
| author_facet | Jack Reardon O'Hara, Phillip |
| author_sort | O'Hara, Phillip |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious capital and the break-up of the surplus value into profit, interest and rent. Schumpeterian perspectives focus on the role of credit-money in financing innovation or variously being used for general accumulation or speculation. Institutional themes include the financial instability hypothesis and social structures of accumulation. And post Keynesian approaches recognise the role of uncertainty in complex capital investments plus the role of endogenous finance and taxes-drive money. These approaches complement each other while they all centre on the core contradiction of industry versus finance and the need for a dynamic, circuitous vision of finance capitalism (Lavoie 1992). |
| first_indexed | 2025-11-14T08:41:19Z |
| format | Book Chapter |
| id | curtin-20.500.11937-35431 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:41:19Z |
| publishDate | 2009 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-354312017-01-30T13:49:35Z Money, credit and finance: National, regional and global dimensions O'Hara, Phillip Jack Reardon political economy money finance credit Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious capital and the break-up of the surplus value into profit, interest and rent. Schumpeterian perspectives focus on the role of credit-money in financing innovation or variously being used for general accumulation or speculation. Institutional themes include the financial instability hypothesis and social structures of accumulation. And post Keynesian approaches recognise the role of uncertainty in complex capital investments plus the role of endogenous finance and taxes-drive money. These approaches complement each other while they all centre on the core contradiction of industry versus finance and the need for a dynamic, circuitous vision of finance capitalism (Lavoie 1992). 2009 Book Chapter http://hdl.handle.net/20.500.11937/35431 Routledge fulltext |
| spellingShingle | political economy money finance credit O'Hara, Phillip Money, credit and finance: National, regional and global dimensions |
| title | Money, credit and finance: National, regional and global dimensions |
| title_full | Money, credit and finance: National, regional and global dimensions |
| title_fullStr | Money, credit and finance: National, regional and global dimensions |
| title_full_unstemmed | Money, credit and finance: National, regional and global dimensions |
| title_short | Money, credit and finance: National, regional and global dimensions |
| title_sort | money, credit and finance: national, regional and global dimensions |
| topic | political economy money finance credit |
| url | http://hdl.handle.net/20.500.11937/35431 |