Modern theories of money : the nature and role of money in capitalist economies / edited by Louis-Philippe Rochon and Sergio Rossi.

List of figures, viii List of tables, ix -- List of contributors, xi -- Acknowledgements, xix -- Introduction by Louis-Philippe Rochon and Sergio Rossi, xv -- Part 1. The post Keynesian monetary approach -- 1. Money: Means of Payment or Store of Wealth? / Malcolm Sawyer, 3 -- 2. Endogenous Money, Banks and the Revival of Liquidity Preference / Virginie Monvoisin and Corinne Pastoret, 18 -- 3. Modern Theory and Practice of Central Banking: An Endogenous Money Perspective / Giuseppe Fontana and Alfonso Palacio-Vera, 41 -- 4. Monetary Control in the Presence of Endogenous Money and Financial Innovation: The Case for Asset-Based Reserve Requirements / Thomas I. Palley, 67 -- 5. Seigniorage or Sove reignty? / L Randall Wray, 84 -- 6. Asymmetric Information, Credit Rationing and the Stiglitz and Weiss Model / Santonu Basu, 103 -- Part 2. The theory of the monetary circuit -- 7. On Money and Endogenous Money: Post Keynesian and Circulation Approaches / Louis-Philippe Rochon, 115 -- 8. Thinking of the Economy as a Circuit / Biagio Bossone, 142 -- 9. Pricing, Investment and the Financing of Production within the Framework of the Monetary Circuit: Some Preliminary Evidence 173 Mario Seccareccia 10. Money as Finance and Money as Universal Equivalent: Re-reading Marxian Monetary Theory / Riccardo Bellofiore and Riccardo Realfonzo, 198 11. How Heterodox is the Heterodoxy of Monetary Circuit Theory? The Nature of Money and the Microeconomics of the Circuit 219 Alberto Zazzaro 12. Post Keynesian Controversies on Endogenous Money: An Alternative Interpretation / Pierre Piégay, 246 -- Part 3. The theory of money emissions -- 13. An Internal Critique of General Equilibrium Theory / Bernard Schmitt and Curzio De Gottardi, 265 -- 14. IS-LM: A Final Rejection / Alvaro Cencini, 295 -- 15. Circuit Theory as an Explanation of the Complex Real World / Claude Gnos, 322 -- 16. Money and Banking in a Monetary Theory of Production / Sergio Rossi, 339 -- 17. On the Macroeconomic Foundations of the Wage-Price Relationship / Jean-Luc Bailly, 360 -- 18. Involuntary Unemployment and Investment / Xavier Bradley, 334 -- Part 4. Further contributions to monetary analysis -- 19. Keynes and the Classics: Notes on the Monetary Theory of Production / Heinrich Bortis, 411 -- 20. The Pervasive Saving Constraint in Minsky's Theory of Crisis and the Dual Profits Hypothesis: Minsky as a Post Keynesian Hayekian / Alain Parguez, 475 -- 21. A Primer on Endogenous Credit-Money / Marc Lavoie, 506 -- 22. The Gold Standard and Centre—Periphery Interactions / Mafias Vernengo, 544 -- Name Index, 561 -- Subject Index, 567.