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- Author or Editor: Louis-Philippe Rochon x
Louis-Philippe Rochon
Monograph Chapter
In Complexity, Endogenous Money and Macroeconomic Theory
Edited by Mark Setterfield
- Published in print:
- 27 Sep 2006
Reference Entry
In The Elgar Companion to Post Keynesian Economics
Edited by J. E. King
- Published in print:
- 29 Jul 2003
Louis-Philippe Rochon
This chapter focuses on money and banking in the history of economic thought, to show that the nature of money and the role of banks have been essentially misunderstood in a number of strands of thought. This has led to a variety of monetary policy interventions, both in economic history and at the time of writing, that were not (and could not be) up to the task. The conclusion asserts that it is essential that the properties of money and banking are understood by teachers and researchers, as well as policy makers in the economic domain.
Monograph Chapter
In Teaching the History of Economic Thought
Edited by Daniela Tavasci and Luigi Ventimiglia
- Published in print:
- 28 Apr 2018
Louis- Philippe Rochon
Mainstream monetary theory rests on two arguments: inflation is determined by demand, and interest rates are used to return inflation to its target: central banks are the guardians of inflation. However, for post-Keynesians, inflation cannot be caused by demand, and there exists a poor and unreliable relationship between interest rates and aggregate demand. The whole theoretical edifice of the neoclassical approach collapses. Therefore, if monetary policy is based on a wrong interpretation of inflation and the link between aggregate demand and interest rates, the result can be and has been catastrophic. It leads to periods of crisis in aggregate demand.
Handbook Chapter
In A Modern Guide to Rethinking Economics
Edited by Louis-Philippe Rochon and Sergio Rossi
- Published in print:
- 28 Apr 2017
Interview with Edward J. Nell
‘A great deal of neoclassical theory is set in cloud-cuckoo-land’
Louis-Philippe Rochon
Journal Article
In European Journal of Economics and Economic Policies: Intervention
- Published in print:
- 01 Apr 2016
Reference Entry
In The Elgar Companion to Post Keynesian Economics, Second Edition
Edited by J.E. King
- Published in print:
- 01 Jan 2012
Louis-Philippe Rochon and Sergio Rossi
Louis-Philippe Rochon and Sergio Rossi
Research Review
In Post-Keynesian Economics
Louis-Philippe Rochon and Sergio Rossi
- Published in print:
- 10 Mar 2017
Research Review
In Post-Keynesian Economics
Louis-Philippe Rochon and Sergio Rossi
- Published in print:
- 10 Mar 2017
Research Review
In Post-Keynesian Economics
Louis-Philippe Rochon and Sergio Rossi
- Published in print:
- 10 Mar 2017