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|a P. 1 -- Part I, Introduction : Monetary circulation and effective demand / Ghislain Deleplace and Edward J. Nell -- P. 43 -- Part II, Basic theoretical approaches -- P. 47 -- A, Post Keynesian theory -- P. 48 -- 1, What are the essential elements of post Keynesian monetary theory ? / Paul Davidson -- P. 70 -- 2, The essential characteristics of post Keynesian economics / Hyman P. Minsky -- P. 89 -- 3, The money supply process : a historical reinterpretation / Basil J. Moore -- P. 103 -- B, Circulation views -- P. 104 -- 4, A new paradigm for the determination of money prices / Bernard Schmitt -- P. 139 -- 5, Money as purchasing power and money as a stock of wealth in Keynesian economic thought / Augusto Graziani -- P. 155 -- 6, Beyond scarcity : a reappraisal of the theory of the monetary circuit / Alain Parguez -- P. 200 -- 7, Payment systems and dynamics in a monetary economy / Jean Cartelier -- P. 239 -- Part III, The two traditions : commentary and history -- P. 244 -- A, Searching for the roots of circulation theory -- P. 245 -- 8, The circuit of money in a production economy / Edward J. Nell -- P. 305 -- 9, Does crculation nead a monetary standard ? / Ghislain Deleplace -- P. 330 -- 10, The relevance of modern economics of the banking school view / Perry Mehrling -- P. 341 -- 11, The national economy studied as a whole : aspects of circular flow analysis in the German language / Bernard Schmitt and Spartaco Greppi -- P. 365 -- B, Confronting the mainstream -- P. 366 -- 12, The ambiguity of the notion of general equilibrium with a zero-price for money / Carlo Benetti -- P. 377 -- 13, Basic choices in Keynesian models of credit / Gary A. Dimsky -- P. 399 -- C, Comparing post Keynesian and circulation approaches -- P. 400 -- 14, Post Keynesian fundism and monetary circulation / Mario Seccareccia -- P. 417 -- 15, Investment decisions in circuit and post Keynesian approaches : a comparison / Richard Arena -- P. 435 -- Part IV, Endogeneous money -- P. 439 -- A, Tne relevance of the institutional framework -- P. 440 -- 16, Money in the circular flow / L. Randall Wray -- P. 465 -- 17, Monetary circulation and overdraft economy / Françoise Renversez -- P. 489 -- B, Explanations of endogeneity : accomodation or structure ? -- P. 490 -- 18, Money supply endogeneity : what are the questions and why do they matter ? / Robert Pollin -- P. 516 -- 19, Beyond endogeneous money : toward endogeneous finance / Thomas I. Palley -- P. 532 -- 20, Monetary policy in an economy with endogeneous credit money / Marc Lavoie -- P. 547 -- Part V, Innovative finance -- P. 551 -- A, Finance, risk and crises -- P. 552 -- 21, Systemic risk, financial innovations, and the financial safety net / Michel Aglietta -- P. 582 -- 22, Financial crises and the business cycle : how different are the 1980s ? / Martin H. Wolfson -- P. 605 -- B, Finance and the business cycle -- P. 606 -- 23, The financail - real interaction and investment in the business cycle : theories and empirical evidence / Willi Semmler and Reiner Franke -- P. 635 -- 24, Aggregate determinants of financial instability / Marc Jarsulic -- P. 647 -- Part VI, Policy -- P. 651 -- 25, The policy implications of the current bank crisis, or 'is free market capitalism compatible with endogeneous money ?' / Jan A. Kregel -- P. 672 -- 26, The spheres of industrial and financial circulation revisited, and their implications for post Keynesian economic policy / Stephen Rousseas -- P. 684 -- 27, Profit squeeze, rentier squeeze, and macroeconomic policy under fixed and flexible exchange rates / Gerald Epstein -- P. 716 -- 28, The European plan for the creation of a single currency / Suzanne de Brunhoff -- P. 725 -- Afterword : Why and how to replace the microeconomic theory of money / Ghislain Deleplace and Edward J. Nell
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