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Capital, Accumulation, and Money

An Integration of Capital, Growth, and Monetary Theory

  • Book
  • © 2000

Overview

Authors:
  1. Lester D. Taylor

    1. University of Arizona, Wilson, USA

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-xviii
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  2. Prologue

    • Lester D. Taylor
    Pages 1-8

  3. Premises and an Overview

    • Lester D. Taylor
    Pages 9-14

  4. Myros and Other Concepts and Definitions

    • Lester D. Taylor
    Pages 15-24

  5. The Macroeconomic Framework

    • Lester D. Taylor
    Pages 25-41

  6. Interest and Money

    • Lester D. Taylor
    Pages 43-64

  7. Production and Investment

    • Lester D. Taylor
    Pages 65-83

  8. General Price Level and Inflation

    • Lester D. Taylor
    Pages 85-100

  9. Capital Values, Wealth, and Related Topics

    • Lester D. Taylor
    Pages 101-127

  10. Macroeconomic Equilibrium and Employment

    • Lester D. Taylor
    Pages 129-138

  11. Capital Theory in Perspective

    • Lester D. Taylor
    Pages 139-155

  12. Opportunity and Sunk Costs

    • Lester D. Taylor
    Pages 157-163

  13. Trade, Transfers, and Monetary Overhangs

    • Lester D. Taylor
    Pages 165-184

  14. Questions Related to Consumption and Saving

    • Lester D. Taylor
    Pages 185-193

  15. Questions Related to Economic Growth

    • Lester D. Taylor
    Pages 195-204

  16. Themes and Counterthemes: Fluid Capital in Retrospect

    • Lester D. Taylor
    Pages 205-212

  17. Back Matter

    Pages 213-265
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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. A root concept of capital is developed which allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth. Specifically, it is shown that a conservation principle emerges that both implies and imposes a variety of constraints on the macro behavior of an economy, constraints which make for straightforward understanding and analysis 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.

Authors and Affiliations

  • University of Arizona, Wilson, USA

    Lester D. Taylor

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