TY  - BOOK
AU  - Argitis,Giorgos
TI  - Evolutionary Financial Macroeconomics
T2  - Routledge critical studies in finance and stability
SN  - 9781315163277
AV  - HB97.3 
U1  - 330.1 23
PY  - 2019///
CY  - [Place of publication not identified]
PB  - Routledge
KW  - BUSINESS & ECONOMICS / General
KW  - bisacsh
KW  - BUSINESS & ECONOMICS / Economic History
KW  - BUSINESS & ECONOMICS / Economics / General
KW  - Evolutionary economics
KW  - Macroeconomics
N1  - Introduction 1. Veblen's financial macroeconomics of the business enterprise system 2. Veblen's institutional adaptation of economic policy-making 3. Minsky's Schumpeterian financial macroeconomics 4. Minsky's evolutionary approach to economic policy-making 5. Mitchell's financial approach to business cycles 6. Evolutionary financial macroeconomics: A synthesis between Veblen, Minsky and Mitchell Conclusion
N2  - 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
UR  - https://www.taylorfrancis.com/books/9781315163277
UR  - http://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
ER  -