Evolutionary Financial Macroeconomics

Gebonden

€ 152,40

In herdruk
Evolutionary Financial Macroeconomics

Gebonden

€ 152,40

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Thorstein Veblen and Hyman Minsky are seminal thinkers who place great importance on the interaction between processes that link finance and financial markets with economic and social evolution. This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and laissez-faire macroeconomic theory and policy, thus exposing the relevant contribution of the macro-theories of Veblen and Minsky.

The book starts with an elucidation of Veblen's cultural theory of insufficient private demand, waste and financial fragility and instability. It shows how speculative and parasitic leverage engenders solvency illusions and risk, pecuniary efficiency, low quality liability structures and socially destructive boom-bust cycles. Minsky's creative destruction liquidity processes and coordination failures of cash flow escalate the aforementioned path-dependent developments and explosive dynamics of capitalist economies. The main themes of the book are the cultural, evolutionary and holistic vision of macroeconomics, the evolving habits of mind, routines and financial institutions, the speculative, manipulated and unstable financial markets, as well as the financial macroeconomic destabilizing effects of pecuniary and parasitic consumption and investment.

This book will be of great interest to researchers, intellectuals and students pursuing economics and finance.

ISBN
9781138059962
Vorm
Gebonden
Uitgever
Taylor & Francis Ltd
Druk
1e
Verschenen
01-09-2019
Taal
Engels
Pagina's
136 pp.
Genre
Literaire fictie
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