pt. 1. Heterodox economic theory and money in macroeconomics -- pt. 2. Distribution and aggregate demand -- pt. 3 …Money, distribution and economic policy takes issue with the inappropriate treatment of money, effective demand and …: the development of heterodox theory, the role of money in macroeconomics, the relationship between distribution and …

recognition to the intertemporal nature of households' saving decisions. Like traditional IS-LM, however, the optimizing version … tends to understate the value of money as an indicator for monetary policy. …

money. In this context, they highlight the relevance of Abba Lerner's famous dictum, 'money is a creature of the State'. The …

, consumption and saving, the causes of the global financial crisis, economic growth and happiness and income distribution and the …), 'Money wage dynamics and labor-market equilibrium', Journal of Political Economy, 76 (4, Part 2): Issues in monetary research … and Unemployment', Quarterly Journal of Economics, CV (2), May, 255-83 -- Truman F. Bewley (1995), 'A Depressed Labor …

economic models -- 4. Investment : liquid real capital versus liquid assets -- 5. Why liquidity preference? -- 6. Financial … markets, liquidity and fast exits -- 7. Planned investment, planned savings, liquidity and economic growth -- 8. Complicating … the picture : money and international liquidity -- 9. Trade imbalances and international payments -- 10. International …

, firms and the division of labor -- pt. 4. Problems of socialist transformation -- pt. 5. Reflections …

the origin of the aggregate volatility reduction. We show that states with relatively high concentrations in the durable-goods …