The Political Economy of Monetary Circuits

JEAN-FRANÇOIS PONSOT is Associate Professor of Economics at the University Pierre-Mendès-France, Grenoble, France. He has been Post-Doctoral Researcher at the Central Bank of Ecuador, before being hired as Assistant Professor at Laurentian University, Canada. He has published in international journals and scientific books, on dollarization, currency boards, international monetary integration, and Keynes's economics.   SERGIO ROSSI is Professor of Economics at the University of Fribourg, Switzerland. He has a DPhil degree from the University of Fribourg and a PhD degree from University College London. His research interests are in the area of monetary economics. He has authored and edited many books, contributed several chapters to books, and widely published in international journals.

Preface: An Alternative (Monetary) Theory of the Market Economy: Work in Progress; F.Ülgen Circuit Theory Supplementing Keynes's Genuine Analysis of the Monetary Economy of Production; C.Gnos Bridging the Gap between Monetary Circuit Theory and Post-Keynesian Monetary Theory; J.Jespersen Monetary Circuit Theory and Money Emissions; S.Rossi The Existence of Profits within the Monetary Circuit: Some Unanswered Questions Revisited; L.Rochon Saving, Firms' Self-Financing, and Fixed Capital Formation in the Monetary Circuit; J.Bailly Finance and the Realization Problem in Rosa Luxemburg: a 'Circuitist' Reappraisal; R.Bellofiore  & M.Passarella Money, Capital Turnover, and the Leisure Class: Thorstein Veblen's Tips for a Monetary Theory of Production; G.Forges-Davanzati  & R.Realfonzo From Wicksell to Keynes? Some Thoughts on the Role of a Central Bank in the Tradition of Monetary Circuit Theory; S.Figuera The Dynamics of the Monetary Circuit; S.Keen The Financialization of Modern Economies in Monetary Circuit Theory; M.Pilkington