In this insightful volume, editors Louis-Philippe Rochon and Mario Seccareccia bring together key essays from the influential and highly-regarded journal, Monnaie et Production.
Beginning with a new commentary, Rochon and Seccareccia provide a modern perspective, highlighting invaluable insights on both the content and the editor, Alain Parguez. Showcasing 15 classic articles on topics such as money, finance and policy, this book highlights the bridges built between American post-Keynesians and the European heterodox community. The selected essays examine the missing links that history has brought to light and pay tribute to this historic, ground-breaking journal on its 40th anniversary.
Highlighting a seminal contribution to heterodox economics, but little known in the English-speaking world, this book provides a unique reference opportunity to view these important historical essays in one place. Scholars of economics interested in post-Keynesian theory and in this important episode in the history of economic thought will find this a vital resource.
Introduction: Monnaie et Production and the theory of the monetary circuit:
missing links in the history of post-Keynesian economics
Louis-Philippe Rochon and Mario Seccareccia 1
1 Dow, S.C. (1984), 'Methodology and the Analysis of a Monetary Economy',
Économies et Sociétés, Série Monnaie et Production No. 1, 18 (4), pp. 7-35 12
2 Halevi, J. (1985), 'Effective Demand, Capacity Utilization and the Sectoral
Distribution of Investment', Économies et Sociétés, Série Monnaie et Production
No. 2, 19 (8), pp. 25-45 41
3 Chick, V. (1986), 'The Evolution of the Banking System and the Theory of
Saving, Investment and Interest', Économies et Sociétés, Série Monnaie et
Production No. 3, 20 (8-9), pp. 111-26 62
4 Rousseas, S. (1986), 'The Finance Motive, Keynes and Post Keynesians',
Économies et Sociétés, Série Monnaie et Production No. 3, 20 (8-9),
pp. 189-201 78
5 Graziani, A. (1987), 'Keynes Finance Motive', Économies et Sociétés, Série
Monnaie et Production No. 4, 21 (9), pp. 23-42 91
6 Graziani, A. (1990), 'The Theory of the Monetary Circuit', Économies et
Sociétés, Série Monnaie et Production No. 7, 24 (2), pp. 7-36 111
7 Guttmann, R. (1990), 'The Regime of Credit-Money and its Current Transition',
Économies et Sociétés, Série Monnaie et Production No. 7, 24 (2), pp. 81-105 141
8 Parguez, A. (1990), 'Keynesianism and Austerity', Économies et Sociétés, Série
Monnaie et Production No. 7, 24 (2), pp. 107-22 166
9 Lavoie, M. (1990), 'Thriftiness, Growth and the Post-Keynesian Tradition',
Économies et Sociétés, Série Monnaie et Production No. 7, 24 (2), pp. 123-34 182
10 Asimakopulos, A. (1990), 'Investment, Finance, Saving and Profits: A Kaleckian
Approach to the Dynamic Circuit', Économies et Sociétés, Série Monnaie et
Production No. 6, 24 (6), pp. 35-49 194
11 Halevi, J. (1991), 'Observations on Kaldorian and Post-Keynesian Approaches to
Inflation', Économies et Sociétés, Série Monnaie et Production No. 8, 25 (11-12),
pp. 33-46 209
12 Arestis, P. and F. Skuse (1991), 'Wage and Price Setting in a Post-Keynesian
Theory of Inflation', Economies et Sociétés, Série Monnaie et Production No. 8,
25 (11-12), pp. 91-106 223
13 Keen, S. (1996), 'The Chaos of Finance: The Chaotic and Marxian Foundations
of Minskys Financial Instability Hypothesis', Economies et Sociétés, Série
Monnaie et Production No. 10, 30 (2-3), pp. 55-82 239
14 Deriet, M. and M. Seccareccia (1996), 'Bank Markups, Horizontalism and the
Significance of Banks Liquidity Preference: An Empirical Assessment',
Economies et Sociétés, Série Monnaie et Production No. 10, 30 (2-3), pp. 137-61 267
15 Parguez, A. (1996), 'Financial Markets, Unemployment and Inflation Within a
Circuitist Framework', Economies et Sociétés, Série Monnaie et Production
No. 10, 30 (2-3), pp. 163-92 292
