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Capital, Accumulation, and Money

An Integration of Capital, Growth, and Monetary Theory

  • Book
  • © 2010

Overview

Authors:
  1. Lester D. Taylor

    1. Dept. Economics, University of Arizona, Tucson, USA

    View author publications

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  • This fully revised and expanded edition highlights timely and controversial topics such as the financial breakdown of 2008, the oil price increases of 2007-2008, and the future of the social security system

  • The first edition of the book sold 750 copies and was noted for being ahead of its time

  • The non-technical approach of the book integrates intellectual, economic and monetary history in a way that will appeal to economists, students and policymakers alike

  • Includes supplementary material: sn.pub/extras

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Table of contents (16 chapters)

  1. Front Matter

    Pages i-xxvii
    Download chapter PDF

  2. Premises and an Overview

    • Lester D. Taylor
    Pages 1-5

  3. Myros and Other Concepts and Definitions

    • Lester D. Taylor
    Pages 7-15

  4. The Macroeconomic Framework

    • Lester D. Taylor
    Pages 17-30

  5. Interest and Money

    • Lester D. Taylor
    Pages 31-48

  6. Production and Investment

    • Lester D. Taylor
    Pages 49-63

  7. General Price Level and Inflation

    • Lester D. Taylor
    Pages 65-78

  8. Capital Values, Wealth, and Related Topics

    • Lester D. Taylor
    Pages 79-102

  9. Macroeconomic Equilibrium and Employment

    • Lester D. Taylor
    Pages 103-111

  10. Capital Theory in Perspective

    • Lester D. Taylor
    Pages 113-127

  11. Opportunity and Sunk Costs

    • Lester D. Taylor
    Pages 129-134

  12. Trade, Transfers, and Monetary Overhangs

    • Lester D. Taylor
    Pages 135-151

  13. Questions Related to Consumption and Saving

    • Lester D. Taylor
    Pages 153-160

  14. Questions Related to Economic Growth

    • Lester D. Taylor
    Pages 161-169

  15. Themes and Counterthemes: Fluid Capital in Retrospect

    • Lester D. Taylor
    Pages 171-180

  16. Background and Tools for Understanding and Dealing with Recurrent Financial Crises

    • Lester D. Taylor
    Pages 181-203

  17. Booms, Busts, and Financial Panics: The Financial Meltdown of 2007–2009

    • Lester D. Taylor
    Pages 205-231

  18. Back Matter

    Pages 265-272
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Keywords

About this book

Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital and money. A root concept of capital is formulated that allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Capital and monetary theory are integrated in a non-mathematical framework that imposes a number of constraints on the macro behavior of an economy, constraints which make for the straightforward understanding of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development. This fully expanded, revised, and updated edition features important new material on a variety of timely topics, including: * Factors leading to the financial meltdown and turmoil of 2007-09; * Why bubbles form in asset markets and how these impact on the real economy; * The importance of a lender-of-last-resort in times of financial stress; * Future financing and funding of the U. S. Social Security System. Additionally, the author offers a number of ideas for alleviating the severity, if not the avoidance altogether, of financial crises in the future. This is a book for those -- students (both graduate and undergraduate) and their teachers, investors, and the informed public -- who want an understanding of how economies and financial markets function, without an advanced degree in mathematics.

Authors and Affiliations

  • Dept. Economics, University of Arizona, Tucson, USA

    Lester D. Taylor

Bibliographic Information

  • Book Title: Capital, Accumulation, and Money

  • Book Subtitle: An Integration of Capital, Growth, and Monetary Theory

  • Authors: Lester D. Taylor

  • DOI: https://doi.org/10.1007/978-0-387-98169-7

  • Publisher: Springer New York, NY

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer Science+Business Media, LLC 2010

  • Hardcover ISBN: 978-0-387-98168-0Published: 15 January 2010

  • Softcover ISBN: 978-1-4899-9077-8Published: 05 September 2014

  • eBook ISBN: 978-0-387-98169-7Published: 10 September 2010

  • Edition Number: 2

  • Number of Pages: XXVII, 278

  • Topics: Economic Growth, Macroeconomics/Monetary Economics//Financial Economics, Finance, general

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