Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore the following areas:
• the development of heterodox theory
• the role of money in macroeconomics
• the relationship between distribution and aggregate demand
• macroeconomic policy issues from a broader heterodox perspective.
Alternatives to Orthodox Macroeconomics
New Directions in Modern Economics series
Chapter 4: The Monetary Circuit Approach: A Stock-flow Consistent Model
Subjects: economics and finance, money and banking, post-keynesian economics
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