Table of Contents

I: The Theory of a Monetary and Credit Economy.- 1. The Uses of the Pure Credit Economy.- 2. Post Keynesian Monetary Theory and the Principle of Effective Demand.- 3. Keynesians, New Keynesians and the Loanable Funds Theory.- 4. The Fisher Effect: Phenomenology, Theory and Policy.- 5. Loanable Funds, Endogenous Money and Minsky’s Financial Fragility Hypothesis.- II: Alternative Views on Money and Credit.- 6. Keynes and Friedman on Money.- 7. The Role of Credit in Fisher’s Monetary Economics.- 8. Henry Dunning Macleod and the Credit Theory of Money.- 9. Early Twentieth-Century Heterodox Monetary Thought.- 10. The Role of Credit in the Mania-Crisis Process.- III: Monetary Policy Issues in North America.- 11. The Institutionalization of Deflationary Monetary Policy.- 12. Monetarism and the United States Economy.- 13. A Fiscal-Monetary Mix-Up.- 14. Flying Blind: Recent Federal Reserve Policy.- IV: Monetary Policy Issues in Europe.- 15. The Problematic Nature of Independent Central Banks.- 16. Credibility, Reputation, and the Instability of the EMS.- 17. Competition and the Future of the European Banking and Financial System.- 18. The Monetary Shock of German Unification.

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