Advances in the Theory of the Monetary Circuit

This forward-thinking book explores the post-Keynesian theory of the monetary circuit. Investigating key advances in the field, expert contributors develop and extend analyses to incorporate financial features of contemporary capitalist systems.Delineating core features of the circuitist approach, chapters present insights into recent criticisms alongside discussions of the foundational ideas of economists Alain Parguez and Augusto Graziani. The book emphasises the importance of utilising circuit analysis when addressing pertinent issues such as unemployment and economic growth. Recognising the necessity of modernising the theory to reflect the growing complexities of capitalism and new financial instruments, contributing authors scrutinise the dynamics of recent financial crises and suggest actionable policy proposals.Advances in the Theory of the Monetary Circuit is a vital resource for scholars and students of economics, particularly those interested in post-Keynesianism, political economics, financial regulation and the history of economic thought. The book’s practical suggestions will also greatly benefit economists and financial policymakers.