Here are 100 books that Modern Theories of Money fans have personally recommended if you like
Modern Theories of Money.
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The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
I recommend this book because it deals with the main problems faced by capitalist economies, inflation, and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis.
Orthodox economics has failed to provide a consistent insight into the pathologies blighting our economies, and both the academic and the economic worlds badly need an alternative approach to convincingly diagnose these pathologies, where they come from, and how they can eventually be disposed of.
Schmitt’s volume provides a revolutionary explanation of the cause of today’s economic disorder as well as an innovative solution enabling for the passage from disorder to order.
The volume deals with the main problems faced by capitalist economies, inflation and unemployment, in a new and original way, and provides the theoretical foundations for quantum macroeconomic analysis. Its aim is to allow English-speaking economists and interested readers to have a direct access to the analysis provided by Schmitt in his 1984 book Inflation, chomage et malformations du capital.
Orthodox economics has failed to provide a consistent insight of the pathologies hindering our economies, and both the academic and the economic worlds are much in need for an alternative approach capable to explain the origins of these pathologies and…
Magical realism meets the magic of Christmas in this mix of Jewish, New Testament, and Santa stories–all reenacted in an urban psychiatric hospital!
On locked ward 5C4, Josh, a patient with many similarities to Jesus, is hospitalized concurrently with Nick, a patient with many similarities to Santa. The two argue…
The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
When I first met him at the University of Fribourg, Switzerland in 1969, I was immediately fascinated by Bernard Schmitt’s passion for scientific research and by his novel approach to monetary macroeconomics.
Three years later I started working with him as a teaching and research assistant and went on working as his closest collaborator until his death in 2014. The other two co-editors of this book also had the privilege to work closely with him.
Conceived as an homage to Schmitt’s legacy, this book is a collection of contributions explaining the historical origin, the analytical content, and the current relevance of Schmitt’s quantum macroeconomic analysis.
Quantum Macroeconomics presents a new paradigm in macroeconomic analysis initiated by Bernard Schmitt. It explains the historical origin, the analytical contents, and the actual relevance of this new paradigm, with respect to current major economic issues at national and international level. These issues concern both advanced and emerging market economies, referring to inflation, unemployment, financial instability, and economic crises.
In the first part of this volume, leading scholars explain the historical origin and analytical content of quantum macroeconomics. The second part explores its relevance with respect to the current major economic issues such as the sovereign debt crisis and European…
The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
The book brings together a series of contributions to monetary macroeconomics as well as Bernard Schmitt’s last critique to relative price determination.
I recommend it to the reader interested in monetary theory because it gives an overview of the most challenging topics in this field, from money to financial crisis, passing through profit formation, inflation, and unemployment.
International issues are also considered, while a groundbreaking analysis of sovereign debt and interest payments is presented in what was to become Schmitt’s last contribution in English to international macroeconomics.
This timely book uses cutting-edge research to analyze the fundamental causes of economic and financial crises, and illustrates the macroeconomic foundations required for future economic policymaking in order to avoid these crises.
The expert contributors take a critical approach to monetary analysis, providing elements for a new paradigm of economic policymaking at both national and international levels. Major issues are explored, including: inflation, capital accumulation and involuntary unemployment, sovereign debts and interest payment, and the euro-area crisis.
Opening new lines of research in the economic and financial crises, this book will prove a fascinating read for academics, students and researchers…
Crossing is a vividly human re-imagining of the love, sacrifices, and accomplishments that two Chinese brothers - American Immigrants - experience as they travel to California to build the Transcontinental Railroad.
The passionate teaching of Bernard Schmitt at the University of Fribourg, Switzerland, kindled my interest in monetary macroeconomics. In Fribourg I wrote my doctoral dissertation while working as Schmitt’s research and teaching assistant. In 1978 I moved to London to conduct research at the LSE as a PhD student under the supervision of Meghnad Desai. I received my PhD in 1982. Back on the Continent, I continued my collaboration with Schmitt, which lasted until his death in 2014. My enthusiasm for research never failed and I hope to have conveyed it to some of my students at the Centre for Banking Studies in Lugano and at USI (Università della Svizzera Italiana).
I am especially fond of this book because I edited it with a dear friend of mine, Prof. Mauro Baranzini, who, despite our different analytical backgrounds has always supported and encouraged my research in monetary macroeconomics.
The book lays the foundations for a fruitful collaboration among economists who share the same objective: to explain satisfactorily and comprehensively the disequilibria hampering the smooth development of our economies.
The works presented in this volume are a serious attempt to clarify the terms of the problem of inflation and unemployment.
They must be seen as contributions to building a modern theory of monetary and structural macroeconomics.
This work challenges traditional monetary theory by focusing on the role of banks and provides a new insight into the role played by bank money and capital accumulation. An international team of contributors reappraise analyses of the inflation and unemployment developed by Marshall, Keynes and Robertson. This volume is published in association with the Centre for the Study of Banking in Switzerland.
I’m a Canadian political economist working in Australia as an Associate Professor in International Relations and Political Economy at the University of Wollongong, just south of Sydney. I’ve been fascinated by the history of capitalism and money since post-graduate school. Eventually I had some time to do a deep dive into the existing scholarly literature on money and have so far written two books on the topic and multiple articles. I hope you enjoy my book recommendations as much as I enjoyed reading them.
This book was a real eye-opener and can be considered seminal across the social sciences for its breadth and depth of analysis on money.
I loved this book because it filled so many gaps in my knowledge. I was drawn to it because I once asked my professor how new money was generated and he said he knew but he forgot.
This made me think that money might not be all that important to understanding capitalism. Alas, I was dead wrong of course and returned to my question years later.
That’s how I found Professor Ingham’s book. I still have comprehensive notes from his work and consult them regularly.
This book is essential for anyone who wants to understand the past and present of money.
In this important new book, Geoffrey Ingham draws on neglected traditions in the social sciences to develop a theory of the 'social relation' of money. * Genuinely multidisciplinary approach, based on a thorough knowledge of theories of money in the social sciences * An original development of the neglected heterodox theories of money * New histories of the origins and development of forms of money and their social relations of production in different monetary systems * A radical interpretation of capitalism as a particular type of monetary system and the first sociological outline of the institutional structure of the social…
I am a reader of primary texts. One can be dismayed by the number of followers’ easy reliance on secondary literature to create interpretations of their leader’s economic ideas about the sources of society’s well-being. Distortive alteration and the recycling of unfounded ideas about conflicting influential economists’ theories is actually counterproductive. Only scrutiny of an author’s work can reveal false assertions. I’m proposing four authors I’ve scrutinised to find out what they really thought about my main teaching interests: money and credit, and their impact on prices, and the manipulation of the volume of either/both to affect purchasing power. It has been astounding to learn what theory applications, distorting their intent, bear their name.
Take Hayek’s market economy as a Bohemian accordion orchestra.
As its instruments produce music, each elongates, pulls in air (analogous to money), and compresses, expresses air (money). Air-in (savings) is equal to air-out (investment). Fluctuating elongations and compressions are an essential feature of the orchestra (the economy).
For Hayek, interference with harmonious accordion (economic) activity infusing or restricting air (money) would spoil the music.
Economic fluctuations stem from preferences, spending for present enjoyment, or saving for future gains. Relative demands for end products or capital impact relative prices, costs, and returns, affecting savings/investment. Investment money, as IOUs, flies where returns are highest.
Hayek engages readers to prove that bank interventions’ tinkering with money is as capable of producing compassionate social outcomes as free individuals using their earnings as they wish.
LARGE PRINT EDITION! More at LargePrintLiberty.com
These seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroeconomics. These works have profoundly influenced postwar expositions of Austrian or capital-based macroeconomics down to the present day. The creation of such an oeuvre is a formidable intellectual feat over an entire lifetime; it is an absolute marvel when we consider that Hayek had completed it in the span of eight years (1929–1937) and still well shy of his fortieth birthday.…
Almost Home is a fictional retelling of the last great tragedy of the Civil War.
In late April 1865, almost 2,000 newly freed Union prisoners of war are packed onto the steamer Sultana, in poor repair and with a listed capacity of 376 passengers. Among them are four Indiana soldiers…
I’m a professor of economics at the University of Houston, with a focus on long-run growth and development rather than things like quarterly stock returns. I write a blog on growth economics where I try hard to boil down technical topics to their core intuition, and I’m the co-author of a popular textbook on economic growth.
I like this book because it takes a giant step back and asks what “the economy” means. What we measure, and what we choose to classify as “economic activity”, is a choice, not a given. By opting to classify some things as true economic activity (e.g. finance) but others as not (e.g. raising kids) we implicitly make choices about economic policy, as it can only deal with what it can count. It opens up the idea that we could stop and think about what should matter to the economy, and what may not.
Modern economies reward activities that extract value rather than create it. This must change to ensure a capitalism that works for us all.
Shortlisted for the FT & McKinsey Business Book of the Year Award
A scathing indictment of our current global financial system, The Value of Everything rigorously scrutinizes the way in which economic value has been accounted and reveals how economic theory has failed to clearly delineate the difference between value creation and value extraction. Mariana Mazzucato argues that the increasingly blurry distinction between the two categories has allowed certain actors in the economy to portray themselves as…
Sarah Kaplan is Distinguished Professor and Director of the Institute for Gender and the Economy at the University of Toronto’s Rotman School of Management. She is the author of the bestseller Creative Destruction: Why Companies That Are Built to Last Underperform the Market—And How to Successfully Transform Them and The 360º Corporation: From Stakeholder Trade-offs to Transformation, both address the challenges of innovation and organizational change in society. She frequently speaks and appears in the media on topics related to achieving a more inclusive economy and corporate governance reform. Formerly a professor at the Wharton School and a consultant at McKinsey & Company, she earned her PhD at MIT’s Sloan School of Management.
If we want to reimagine capitalism as a system that does not destroy the planet and destabilize society, this must be enabled by corporations changing the way that they operate. Henderson’s Reimagining Capitalism gives us some principles for thinking about how to do this. A long-time innovation scholar, Henderson draws on her knowledge about how to succeed at organizational change to propose a more purpose-driven model of corporate action. Using numerous case studies of companies that have (partially) succeeded and those that have failed, she animates a number of principles for change. To start, such a model will require new metrics for social and environmental impact. This would involve more collaborative engagement amongst stakeholders to grow the economic pie and amongst companies to self-regulate in a more sustainable manner.
Particularly refreshing, at the end of the book, Henderson connects the macro conversation about economic and corporate change with a discussion…
A renowned Harvard professor debunks prevailing orthodoxy with a new intellectual foundation and a practical pathway forward for a system that has lost its moral and ethical foundation. Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short.
Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around…
Rich Weiner co-edited this featured volume with Francesca Forno. He is a political sociologist with a strong foundation in the history of political and social thought. He has served for twenty-two years as dean of the faculty of arts and sciences. His focus has been on non-statist political organizations and social movements with a perspective of middle-range theorizing enriched by three generations of Frankfurt School critical theory of society.
Wide-ranging philosophical conversation and moral critique of capitalism as an instituted social order wherein a structure of domination establishes and reinforces an entire way of life attuned to the hegemony of exchange value as well as commodity production, and their social reproduction.
I very much appreciate the book’s strategy of cogent, accessible and explorative dialogue rather than tit-for-tat debate.
In this important new book, Nancy Fraser and Rahel Jaeggi take a fresh look at the big questions surrounding the peculiar social form known as "capitalism," upending many of our commonly held assumptions about what capitalism is and how to subject it to critique. They show how, throughout its history, various regimes of capitalism have relied on a series of institutional separations between economy and polity, production and social reproduction, and human and non-human nature, periodically readjusting the boundaries between these domains in response to crises and upheavals. They consider how these "boundary struggles" offer a key to understanding capitalism's…
Creativity, Teaching, and Natural Inspiration
by
Mark Doherty,
I have woven numerous delightful and descriptive true life stories, many from my adventures as an outdoorsman and singer songwriter, into my life as a high school English teacher. I think you'll find this work both entertaining as well as informative, and I hope you enjoy the often lighthearted repartee…
My fascination and emotional connection with animals have been lifelong. However, it wasn't until my second year as an undergrad student that I realized that human-animal relationship could be examined from philosophical, historical, and anthropological perspectives. Over the past couple of decades, the conversations around the roles of non-human animals in diverse cultural, social, and material contexts have coalesced under the interdisciplinary field known as Animal Studies. I draw upon this literature and use my training in law and PhD in the history of science to explore the ties between knowledge and ethics in the context of animal law.
This is an extraordinary study about life in and around the strait between the Pacific and Arctic oceans, home for Iñupiaq, Yupik, and Chukchi people and many other lively things, before and after the arrival of Russian and American colonial powers.
I admire the nuanced way in which Demuth exemplifies how capitalist and communist resource management transformed not only human but also animal cultures (whales, for example, strategize against whaling ships).
Along the Bering Strait, through the territories of the Inupiat and Yupik in Alaska, and the Yupik and Chukchi in Russia, Bathsheba Demuth explores an ecosystem that has long sustained human beings. Yet when Americans and Europeans arrived, the area became the site of an experiment and the modern ideologies of production and consumption, capitalism and communism were subject to the pressures of arctic scarcity.
Demuth draws a vivid portrait of the sweeping effects of turning ecological wealth into economic growth and state power over the past century and a half. More urgent in a warming climate and as…
