The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of … general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy. Credit …

. Focusing on the relations between money and credit, and in turn their relationship to output, prices and inflation, this volume …

capital and interest theory. In the three classic essays featured in this book, Professor Kirzner argues that an Austrian … approach based on the pure time preference theory offers an attractive alternative to both the orthodox neoclassical and the …. This consistent subjectivism makes it possible to present the pure time (Fetter-Mises) preference theory of interest in …

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 …

This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment … investment theory, professionals in the financial sector and students of macroeconomics and finance. Investment, Capital Market …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They …

This book provides coherent theoretical and empirical analysis of firms' investment and financing decisions. It … results confirm theoretical precedents. Some firms are indeed financially constrained, for fixed investment as well as for R … in closely controlled companies. In accordance with the real option theory, the results suggest that uncertainty leads …

monetary theory and policy, financial markets, and financial instability coming out of the Post Keynesian school of thought …. Saving, asset-price inflation, and debt-induced deflation / Michael Hudson -- 7. Unit roots in macroeconomic time series and … Washington Consensus and (non-) development / Hansjörg Herr and Jan Priewe -- 10. Competition, low profit margin, low inflation …