General Theory Of Employment , Interest And Money
General Theory Of Employment , Interest And Money

Author: John Maynard Keynes

Publisher: Atlantic Publishers & Dist

Published: 2016-04

Total Pages: 410

ISBN-13: 9788126905911

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John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning

Break the Caste
Break the Caste

Author: George Gerharz

Publisher: Garrett County Press

Published: 2021-10-01

Total Pages: 193

ISBN-13: 1939430445

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In Break the Caste, George Gerharz unmasks common American misperceptions of poverty, inequality, and social mobility. Based on personal experience from five decades of anti-poverty work and current research, he proposes solutions to inequality, lack of mobility, and poverty and examines how the American social order and corporate powers create these problems. In this book, he provides four strategies to create a more equal and economically mobile nation.

A Socio-Legal Theory of Money for the Digital Commercial Society
A Socio-Legal Theory of Money for the Digital Commercial Society

Author: Israel Cedillo Lazcano

Publisher: Bloomsbury Publishing

Published: 2024-02-22

Total Pages: 283

ISBN-13: 1509969705

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This book poses the question: do we need a new body of regulations and the constitution of new regulatory agents to face the evolution of money in the Fourth Industrial Revolution? After the Global Financial Crisis and the subsequent introduction of Distributed Ledger Technologies in monetary matters, multiple opinions claim that we are in the middle of a financial revolution that will eliminate the need for central banks and other financial institutions to form bonds of trust on our behalf. In contrast to these arguments, this book argues that we are not witnessing a revolutionary expression, but an evolutionary one that we can trace back to the very origin of money. Accordingly, the book provides academics, regulators and policy makers with a multidisciplinary analysis that includes elements such as the relevance of intellectual property rights, which are disregarded in the legal analysis of money. Furthermore, the book proposes the idea that traditional analyses on the exercise of the lex monetae ignore the role of inside monies and technological infrastructures developed and supported by the private sector, as exemplified in the evolution of the cryptoassets market and in cases such as Banco de Portugal v Waterlow & Sons. The book puts forward a proposal for the design and regulation of new payment systems and invites the reader to look beyond the dissemination of individual Distributed Ledger Technologies such as Bitcoin.

Money in Asia (1200 – 1900): Small Currencies in Social and Political Contexts
Money in Asia (1200 – 1900): Small Currencies in Social and Political Contexts

Author:

Publisher: BRILL

Published: 2015-01-27

Total Pages: 572

ISBN-13: 900428835X

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Money in Asia examines two chronic problems that faced early modern monetary economies in East, South, and Southeast Asia: The inability to provide sufficient amounts of small currencies to facilitate local economic transactions and to control currency depreciation. The studies in this volume analyze the social and economic consequences of small currency scarcity and devaluation on various Asian economies and show how various regimes tried to manage these ever-present challenges. They reveal that those regimes that dealt most successfully with these two issues were those with an integrated national approach to monetary policy. Contributors are: Peter Bernholz, Werner Burger, Cao Jin, Mark Elvin, Dennis O. Flynn, Roger Greatrex, Najaf Haider, Reinier H. Hesselink, Elisabeth Kaske, Man-houng Lin, Jane Kate Leonard, Christine Moll-Murata, Keiko Nagase-Reimer, Shan Kunqin, Shimada Ryūto, Ulrich Theobald, Hans Ulrich Vogel, and Willem Wolters

Nature, Choice and Social Power
Nature, Choice and Social Power

Author: Erica Schoenberger

Publisher: Routledge

Published: 2014-08-21

Total Pages: 236

ISBN-13: 1135051585

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We are at an environmental impasse. Many blame our personal choices about the things we consume and the way we live. This is only part of the problem. Different forms of social power - political, economic and ideological - structure the choices we have available. This book analyses how we make social and environmental history and why we end up where we do. Using case studies from different environmental domains – earth and water, air and fire – Nature, Choice and Social Power examines the form that social power takes and how it can harm the environment and hinder our efforts to act in our own best interests. The case studies challenge conventional wisdoms about why gold is valuable, why the internal combustion engine triumphed, and when and why suburbs sprawled. The book shows how the power of individuals, the power of classes, the power of the market and the power of the state at different times and in different ways were critical to setting us on a path to environmental degradation. It also challenges conventional wisdoms about what we need to do now. Rather than reducing consumption and shrinking from outcomes we don’t want, it proposes growing towards outcomes we do want. We invested massive resources in creating our problems; it will take equally large investments to fix them. Written in a clear and engaging style, the book is underpinned with a political economy framework and addresses how we should understand our responsibility to the environment and to each other as individuals within a large and impersonal system.