A Review of Jean-François Ponsot and Sergio Rossi (eds), The Political Economy of Monetary Circuits: Tradition and Change in Post-Keynesian Economics, Basingstoke, Palgrave Macmillan, 2009, 264 pp
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Media type:
E-Article
Title:
A Review of Jean-François Ponsot and Sergio Rossi (eds), The Political Economy of Monetary Circuits: Tradition and Change in Post-Keynesian Economics, Basingstoke, Palgrave Macmillan, 2009, 264 pp
Contributor:
Stellian, Rémi
Published:
Centre pour la Communication Scientifique Directe (CCSD), 2010
Published in:
Journal of Philosophical Economics, Volume III Issue 2 (2010) Book reviews
Description:
- Admittedly, economics first aims at solving empirical problems-for instance, what are the causes of unemployment?-and, to this purpose, it elaborates on the principles of the working of the economy. Now, this book suggests a modern conception of economics, called 'monetary analysis'. According to the latter, the fundamental principles of the working of the economy are inseparable from money, while this primacy of money entails a specific way of solving empirical problems.