Evolutionary Financial Macroeconomics is popular PDF and ePub book, written by Giorgos Argitis in 2019-09-09, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Evolutionary Financial Macroeconomics can be Read Online from any device for your convenience.
Evolutionary Financial Macroeconomics Book PDF Summary
Thorstein Veblen and Hyman Minsky are seminal thinkers who place great importance on the interaction between processes that link finance and financial markets with economic and social evolution. This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and laissez-faire macroeconomic theory and policy, thus exposing the relevant contribution of the macro-theories of Veblen and Minsky. The book starts with an elucidation of Veblen’s cultural theory of insufficient private demand, waste and financial fragility and instability. It shows how speculative and parasitic leverage engenders solvency illusions and risk, pecuniary efficiency, low quality liability structures and socially destructive boom-bust cycles. Minsky’s creative destruction liquidity processes and coordination failures of cash flow escalate the aforementioned path-dependent developments and explosive dynamics of capitalist economies. The main themes of the book are the cultural, evolutionary and holistic vision of macroeconomics, the evolving habits of mind, routines and financial institutions, the speculative, manipulated and unstable financial markets, as well as the financial macroeconomic destabilizing effects of pecuniary and parasitic consumption and investment. This book will be of great interest to researchers, intellectuals and students pursuing economics and finance.
Detail Book of Evolutionary Financial Macroeconomics PDF
- Author : Giorgos Argitis
- Release : 09 September 2019
- Publisher : Routledge
- ISBN : 9781351670685
- Genre : Business & Economics
- Total Page : 136 pages
- Language : English
- PDF File Size : 10,9 Mb
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