Here are 100 books that Modern Theories of Money fans have personally recommended if you like
Modern Theories of Money.
Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.
The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
I recommend this book because it deals with the main problems faced by capitalist economies, inflation, and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis.
Orthodox economics has failed to provide a consistent insight into the pathologies blighting our economies, and both the academic and the economic worlds badly need an alternative approach to convincingly diagnose these pathologies, where they come from, and how they can eventually be disposed of.
Schmitt’s volume provides a revolutionary explanation of the cause of today’s economic disorder as well as an innovative solution enabling for the passage from disorder to order.
The volume deals with the main problems faced by capitalist economies, inflation and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis. Its aim is to allow English-speaking economists and interested readers to have a direct access to the analysis provided by Schmitt in his 1984 book Inflation, chomage et malformations du capital.
Orthodox economics has failed to provide a consistent insight of the pathologies hindering our economies, and both the academic and the economic worlds are much in need for an alternative approach capable to explain the origins of these pathologies and…
The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
When I first met him at the University of Fribourg, Switzerland in 1969, I was immediately fascinated by Bernard Schmitt’s passion for scientific research and by his novel approach to monetary macroeconomics.
Three years later I started working with him as a teaching and research assistant and went on working as his closest collaborator until his death in 2014. The other two co-editors of this book also had the privilege to work closely with him.
Conceived as an homage to Schmitt’s legacy, this book is a collection of contributions explaining the historical origin, the analytical content, and the current relevance of Schmitt’s quantum macroeconomic analysis.
Quantum Macroeconomics presents a new paradigm in macroeconomic analysis initiated by Bernard Schmitt. It explains the historical origin, the analytical contents, and the actual relevance of this new paradigm, with respect to current major economic issues at national and international level. These issues concern both advanced and emerging market economies, referring to inflation, unemployment, financial instability, and economic crises.
In the first part of this volume, leading scholars explain the historical origin and analytical content of quantum macroeconomics. The second part explores its relevance with respect to the current major economic issues such as the sovereign debt crisis and European…
The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
The book brings together a series of contributions to monetary macroeconomics as well as Bernard Schmitt’s last critique to relative price determination.
I recommend it to the reader interested in monetary theory because it gives an overview of the most challenging topics in this field, from money to financial crisis, passing through profit formation, inflation, and unemployment.
International issues are also considered, while a groundbreaking analysis of sovereign debt and interest payments is presented in what was to become Schmitt’s last contribution in English to international macroeconomics.
This timely book uses cutting-edge research to analyze the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises.
The expert contributors take a critical approach to monetary analysis, providing elements for a new paradigm of economic policymaking at both national and international levels. Major issues are explored, including: inflation, capital accumulation and involuntary unemployment, sovereign debts and interest payment, and the euro-area crisis.
Opening new lines of research in the economic and financial crises, this book will prove a fascinating read for academics, students and researchers…
The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
I am especially fond of this book because I edited it with a dear friend of mine, Prof. Mauro Baranzini, who, despite our different analytical backgrounds has always supported and encouraged my research in monetary macroeconomics.
The book lays the foundations for a fruitful collaboration among economists who share the same objective: to explain satisfactorily and comprehensively the disequilibria hampering the smooth development of our economies.
The works presented in this volume are a serious attempt to clarify the terms of the problem of inflation and unemployment.
They must be seen as contributions to building a modern theory of monetary and structural macroeconomics.
This work challenges traditional monetary theory by focusing on the role of banks and provides a new insight into the role played by bank money and capital accumulation. An international team of contributors reappraise analyses of the inflation and unemployment developed by Marshall, Keynes and Robertson. This volume is published in association with the Centre for the Study of Banking in Switzerland.
I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.
This book was a real eye-opener and can be considered seminal across the social sciences for its breadth and depth of analysis on money.
I loved this book because it filled so many gaps in my knowledge. I was drawn to it because I once asked my professor how new money was generated and he said he knew but he forgot.
This made me think that money might not be all that important to understanding capitalism. Alas, I was dead wrong of course and returned to my question years later.
That’s how I found Professor Ingham’s book. I still have comprehensive notes from his work and consult them regularly.
This book is essential for anyone who wants to understand the past and present of money.
In this important new book, Geoffrey Ingham draws on neglected traditions in the social sciences to develop a theory of the 'social relation' of money. * Genuinely multidisciplinary approach, based on a thorough knowledge of theories of money in the social sciences * An original development of the neglected heterodox theories of money * New histories of the origins and development of forms of money and their social relations of production in different monetary systems * A radical interpretation of capitalism as a particular type of monetary system and the first sociological outline of the institutional structure of the social…
I am a reader of primary texts. One can be dismayed by the number of followers’ easy reliance on secondary literature to create interpretations of their leader’s economic ideas about the sources of society’s well-being. Distortive alteration and the recycling of unfounded ideas about conflicting influential economists’ theories is actually counterproductive. Only scrutiny of an author’s work can reveal false assertions. I’m proposing four authors I’ve scrutinised to find out what they really thought about my main teaching interests: money and credit, and their impact on prices, and the manipulation of the volume of either/both to affect purchasing power. It has been astounding to learn what theory applications, distorting their intent, bear their name.
Take Hayek’s market economy as a Bohemian accordion orchestra.
As its instruments produce music, each elongates, pulls in air (analogous to money), and compresses, expresses air (money). Air-in (savings) is equal to air-out (investment). Fluctuating elongations and compressions are an essential feature of the orchestra (the economy).
For Hayek, interference with harmonious accordion (economic) activity infusing or restricting air (money) would spoil the music.
Economic fluctuations stem from preferences, spending for present enjoyment, or saving for future gains. Relative demands for end products or capital impact relative prices, costs, and returns, affecting savings/investment. Investment money, as IOUs, flies where returns are highest.
Hayek engages readers to prove that bank interventions’ tinkering with money is as capable of producing compassionate social outcomes as free individuals using their earnings as they wish.
LARGE PRINT EDITION! More at LargePrintLiberty.com
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroeconomics. These works have profoundly influenced postwar expositions of Austrian or capital-based macroeconomics down to the present day. The creation of such an oeuvre is a formidable intellectual feat over an entire lifetime; it is an absolute marvel when we consider that Hayek had completed it in the span of eight years (1929–1937) and still well shy of his fortieth birthday. Hayek’s…
'Human development' indicates an advancement that I would like to find in any kind of progress. Different disciplines define 'human development' in different ways, but my research is to identify the common core in order to link both the individual- with the social dimension, and natural evolution with changes due to personal choices and policies. Through such research, I have been able to take a new perspective on my academic subjects: economic growth and happiness. My belief is that it is possible to make human development, economic growth, and happiness go together. But unfortunately, this is not what is occurring, and understanding why is key.
This book is one of the most effective attacks against the market tendency to commercialize any good, ending up corroding what is most intrinsically human in social relationships and in people's intimate lives.
The effectiveness of the book lies in the examples, ranging from the sale of kidneys to paying someone to be substituted in the queue.
The most important lesson of the book is that market-driven economic growth has not only transformed the environment to make our lives more comfortable, thus hitting the limit in environmental degradation, but it has also transformed ourselves, because it has made us more consumers and less human.
This silent transformation - the philosopher Sandel teaches us - must be limited.
In What Money Can't Buy, renowned political philosopher Michael J. Sandel rethinks the role that markets and money should play in our society.
Should we pay children to read books or to get good grades? Should we put a price on human life to decide how much pollution to allow? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars, outsourcing inmates to for-profit prisons, auctioning admission to elite universities, or selling citizenship to immigrants willing to pay?
I’ve always been interested in human freedom, and both intrigued and cautious about the path offered by the libertarians. In my book, I finally worked out for my own benefit what is alive and what is dead in their ideals – and the various flavors in which those ideals are available. They have important insights, but too much of what they are selling is snake oil. Until now there hasn’t been any critical introduction to libertarianism for the general reader. This book aims to supply that.
Tomasi offers a new synthesis of Rawlsian high liberalism and market-oriented libertarianism, which he calls "market democracy." It treats capitalistic economic freedoms as crucial elements of liberty, but demands that institutions be designed so that their benefits are shared by the least fortunate citizens. His central focus is the value of entrepreneurial activity as a moral ideal. I have a lot of disagreements with this book, but without its smart provocations I might not have written my own.
Can libertarians care about social justice? In Free Market Fairness, John Tomasi argues that they can and should. Drawing simultaneously on moral insights from defenders of economic liberty such as F. A. Hayek and advocates of social justice such as John Rawls, Tomasi presents a new theory of liberal justice. This theory, free market fairness, is committed to both limited government and the material betterment of the poor. Unlike traditional libertarians, Tomasi argues that property rights are best defended not in terms of self-ownership or economic efficiency but as requirements of democratic legitimacy. At the same time, he encourages egalitarians…
I research, write and speak about the global environmental emergency and the policies and politics we need to adequately respond. Drawing on a decade of experience in academia, activism, and policymaking, my work explores the leadership needed to transition to more sustainable and equitable societies while contending with the growing destabilisation resulting from the worsening environmental crisis. I’ve worked at a range of leading policy research organisations and universities and have won awards for my work. I’ve got a BSc in physics and an MPhil in economies from the University of Oxford.
I was born at the end of the 1980s and the majority of greenhouse gas emissions have been released in my lifetime. That means the world’s emitted more since Seinfeld was first broadcast than in the previous 10 millennia of human history. But this isn’t just a story of the last few decades or of certain bad technologies that use fossil fuels. It’s a story going back centuries, to the emergence of global systems of profit-making that impelled people across the world to seek people and nature to exploit for money. This book has been invaluable in helping me understand that history and in seeing the environmental crisis foremost as a crisis of politics and of the great economic systems that dominate our world.
Nature, money, work, care, food, energy, and lives: these are the seven things that have made our world and will shape its future. In making these things cheap, modern commerce has transformed, governed, and devastated Earth. In A History of the World in Seven Cheap Things, Raj Patel and Jason W. Moore present a new approach to analyzing today's planetary emergencies. Bringing the latest ecological research together with histories of colonialism, indigenous struggles, slave revolts, and other rebellions and uprisings, Patel and Moore demonstrate that throughout history, crises have always prompted fresh strategies to make the world cheap and safe…
I've been fascinated by city life since I studied Geography at high school. After twenty five years of teaching and researching urban geography, I am Professor of Urban Futures at a UK university. I now have a better sense of the challenges we face and what we can do about them. I spend my time supporting activists, campaigners, students, policymakers, and politicians about the urgency for change and what kind of ideas and examples they can use to tackle what I call the triple emergencies of climate breakdown, social inequality, and nature loss.
There is one current zeitgeist at the moment that everyone needs to know about - degrowth.
Jason Hickel’s book is one of the best accounts of how the whole world got tangled up in a ceaselessly growing economy and what we can do to reverse out of it.
This book has really helped me make the case with students, urban policymakers, and politicians that we need a new kind of economy that doesn’t just value growth or getting bigger, but one that respects the health of people and planet, and undoes some of the big injustices that have emerged from the long history of colonialism.
'A powerfully disruptive book for disrupted times ... If you're looking for transformative ideas, this book is for you.' KATE RAWORTH, economist and author of Doughnut Economics
A Financial Times Book of the Year ______________________________________ Our planet is in trouble. But how can we reverse the current crisis and create a sustainable future? The answer is: DEGROWTH.
Less is More is the wake-up call we need. By shining a light on ecological breakdown and the system that's causing it, Hickel shows how we can bring our economy back into balance with the living world and build a thriving society for…
