Monetary Macroeconomics

Alvaro Cencini is Professor of Monetary Theory and Monetary Economics at the Università della Svizzera Italiana and at the Centre for Banking Studies, Lugano, Switzerland. He is also the founder and co-director of the Laboratory of Research in Monetary Economics. His previous publications include Monetary Theory: National and International (Routledge 1995) and Inflation and Unemployment , with M. Baranzini, eds. (Routledge 1996).

• Chapter One: Money, Value and Prices The problem; Money and value; Money and relative prices; Money as a pure numerical form; Money, value and absolute prices Chapter Two: Money and Exchange Money and relative exchange; General equilibrium models of monetary economics; A fundamental critique to GEA; Money and absolute exchange Chapter Three: Money, Credit and Banks Money and credit; Money and banks; Credit and banks Chapter Four: Money and Production Production as a circular flow; Production as a one-way process; Production as a process of creation and exchange Chapter Five: Money and Capital Labour, time and capital; The neoclassical approach to capital; Income, capital and time Chapter Six: Money, Capital and Interest Interest, exchange and credit; Interest, income and production; Interest and fixed capital Chapter Seven: Order Versus Disorder The neoclassical approach to economic disorder; The classical analysis of monetary disorder and recession; Keynes' contribution revisited; Unemployment, capital accumulation and interest rates