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How credit-money shapes the economy : the United States in a global system

How credit-money shapes the economy : the United States in a global system (Loan 8 times)

Material type
단행본
Personal Author
Guttmann, Robert , 1951-.
Title Statement
How credit-money shapes the economy : the United States in a global system / Robert Guttmann.
Publication, Distribution, etc
Armonk, N.Y. :   M.E. Sharpe ,   c1994.  
Physical Medium
xxiii, 561 p. : ill. ; 24 cm.
Series Statement
Columbia University seminar series
ISBN
1563241005 (alk. paper) 1563241013 (pbk.) 9781563241017
Bibliography, Etc. Note
Includes bibliographical references (p. 527-539) and index.
Subject Added Entry-Topical Term
Monetary policy -- United States. Money -- Social aspects -- United States. Gold standard -- History. Credit -- United States. Banks and banking -- United States. International finance.
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010 ▼a 93045466
020 ▼a 1563241005 (alk. paper)
020 ▼a 1563241013 (pbk.)
020 ▼a 9781563241017
035 ▼a (KERIS)REF000013955936
040 ▼a DLC ▼c DLC ▼d DLC ▼d 211009
043 ▼a n-us---
050 0 0 ▼a HG501 ▼b .G87 1994
082 0 0 ▼a 332.4/973 ▼2 22
090 ▼a 332.4973 ▼b G985h
100 1 ▼a Guttmann, Robert , ▼d 1951-.
245 1 0 ▼a How credit-money shapes the economy : ▼b the United States in a global system / ▼c Robert Guttmann.
260 ▼a Armonk, N.Y. : ▼b M.E. Sharpe , ▼c c1994.
300 ▼a xxiii, 561 p. : ▼b ill. ; ▼c 24 cm.
440 0 ▼a Columbia University seminar series
504 ▼a Includes bibliographical references (p. 527-539) and index.
650 0 ▼a Monetary policy ▼z United States.
650 0 ▼a Money ▼x Social aspects ▼z United States.
650 0 ▼a Gold standard ▼x History.
650 0 ▼a Credit ▼z United States.
650 0 ▼a Banks and banking ▼z United States.
650 0 ▼a International finance.
945 ▼a KINS

Holdings Information

No. Location Call Number Accession No. Availability Due Date Make a Reservation Service
No. 1 Location Main Library/Western Books/ Call Number 332.4973 G985h Accession No. 111476374 Availability Available Due Date Make a Reservation Service B M

Contents information

Table of Contents


CONTENTS
Tables and Figures = xiii
Preface = xvii
Acknowledgments = xxiii
PART Ⅰ The Theory of Money
 Chapter 1: The Economy in Transition = 3
  1.1 The Bitter Taste of Victory = 3
  1.2 Globalization of Economic Activity = 6
  1.3 The Limits of Neoclassical Orthodoxy = 9
  1.4 The Central Role of Money = 15
 Chaptcr 2: Economic Activities as Monetary Circuits = 19
  2.1 Defining Money as a Social Institution = 19
  2.2 Going Beyond a Functional Approach to Money = 22
  2.3 The Circuits of Exchange, Production, and Credit = 24
  2.4 Credit-Money and the Strategic Role of Banks = 29
  2.5 The Bifurcation of Money-Capital: Industrial Capital versus Financial Capital = 37
  2.6 Finance Capital and Fictitious Capital = 40
 Chapter 3: The Cyclical Growth Pattern of Capital Accumulation = 44
  3.1 Business-Cycle Dynamics = 45
  3.2 Long Waves: The Structural Dimension of Capital Accumulation = 49
  3.3 Strategic (Im)balances of the Monetary Production Economy = 50
  3.4 The Theory of "Regulation" = 54
  3.5 The Accumulation Regimes in the Evolution of Capitalism = 56
PART Ⅱ The Historic Evolution of Money Management
 Chapter 4: The Transition from Commodity-Money to Credit-Money = 63
  4.1 Defining the Concept of Monetary Regimes = 63
  4.2 The Bimetallic Standard and State Banking, 1792-1862 = 64
  4.3 The Greenback Era, 1862-1879 = 69
  4.4 The Return to a Gold Standard, 1879-1914 = 72
  4.5 The Introduction of Central Banking in the United States = 76
  4.6 World War Ⅰ and the United States' Emerging Global Dominance = 78
  4.7 From Speculative Excess to the Great Depression = 79
  4.8 Roosevelt's Reforms of the Monetary Regime, 1933-1944 = 84
 Chapter 5: The Postwar Monetary Regime and Its Inflationary Bias = 87
  5.1 The Advantages of Elastic Money = 87
  5.2 State Management of Credit-Money: Monetary Policy = 89
  5.3 State Management of Credit-Money: Financial Policy = 91
  5.4 Credit-Money in the Regime of Monopolistic Regulation = 95
  5.5 The Postwar Monetary Regime as a "Debt Economy" = 103
PART Ⅲ The End of the New Deal
 Chapter 6: Stagflation and Financial Instability = 119
  6.1 From Boom to Stagnation = 119
  6.2 Standard Inflation Theories = 122
  6.3 Stagflation as a New Form of Structural Crisis = 126
  6.4 The Debt-Inflation Spiral and Credit Crunches = 133
 Chapter 7: The Disintegration of the Postwar Monetary Regime = 137
  7.1 The Collapse of Bretton Woods = 137
  7.2 Flexible Exchange Rates as a Source of Global Instability = 143
  7.3 Dollar Devaluation and Global Stagflation = 145
  7.4 The Limits of Accommodating Monetary Policy = 150
  7.5 Financial Innovation and Regulatory Erosion = 157
  7.6 Financial Instability and the Lender of Last Resort = 161
  7.7 The Great Recession of 1979-1982 as an Historic Turn = 163
 Chapter 8: The Legacy of Reaganomics = 166
  8.1 Defining Reagan's Conservative Counterrevolution = 167
  8.2 Twin Deficits and Global Recovery = 176
  8.3 The Darker Side of Reaganomics = 179
  8.4 An Unbalanced Growth Pattern = 184
  8.5 Mounting Financial Imbalances = 187
PART Ⅳ The Monetary Regime in Transition
 Chapter 9: The Dilemmas of Monetary Policy = 197
  9.1 The Banking Act of 1980 = 197
  9.2 The Deregulation of Private Bank Money = 199
  9.3 The Contradictory Effects of Interest Deregulation = 207
  9.4 The Coming Reign of "Electronic Money" = 210
  9.5 The International Dimension of U.S. Monetary Policy = 217
 Chapter 10: Financial Fragility and the Lender of Last Resort = 223
  10.1 The Global Debt Crisis = 225
  10.2 Sectoral Debt Deflation in the United States = 237
  10.3 The Thrift Disaster = 242
  10.4 Credit Crunch, Moral Hazard, and Deposit Insurance Reform = 249
 Chapter 11: Regulatory Overhaul and the Restructuring of U.S. Banks = 258
  11.1 The Slow Death of Traditional Commercial Banking = 260
  11.2 Financial Innovation and Regulatory Evasion = 266
  11.3 Bank Reform: A Difficult Balancing Act = 279
  11.4 Financial Capital and Economic Development = 286
 Chapter 12: Deal Mania and Fictitious Capital = 293
  12.1 The Dominance of Fictitious Capital = 294
  12.2 The Cyclical Nature of Corporate Stocks = 302
  12.3 Stock Market Boom and Merger Wave = 304
  12.4 The Computerization of Securities Trading = 312
  12.5 The Stock Market Collapse and Its Effects = 314
PART Ⅴ The International Dimension of Money
 Chapter 13: The Challenges of Global Integration = 323
  13.1 The Growing Importance of Foreign Trade = 324
  13.2 The Internationalization of Industrial Capital = 333
  13.3 Unique Features of the World Economy = 338
  13.4 International Monetary Arrangements = 347
 Chapter 14: The International Monetary System in Flux = 353
  14.1 Gold: True Form of World Money or "Barbarous Relic"? = 354
  14.2 National Currencies as International Mediums of Exchange = 363
  14.3 The Instability of Our Multicurrency System = 368
  14.4 Recent Stabilization Efforts = 378
 Chapter 15: Supranational Credit-Money = 385
  15.1 The Bancor Plan of Keynes = 386
  15.2 Special Drawing Rights = 391
  15.3 European Currency Units = 396
  15.4 Economic and Monetary Union in Europe = 403
  15.5 Europe's Currency Crisis of 1992 = 408
  15.6 The Uncertain Prospects of the Union Treaty = 418
 Chapter 16: Toward a True Form of World Money = 427
  16.1 Finding a Viable Form of World Money = 427
  16.2 The Issue of Supranational Credit-Money = 431
  16.3 The International Payments System = 434
  16.4 Deficit Financing and Adjustment Policy = 434
  16.5 Global Capital Transfers = 440
  16.6 Exchange Rates = 442
  16.7 Moving to a Single-Currency Regime = 444
  16.8 The Prospects for Reform = 445
PART Ⅵ Restructuring the American Economy
 Chapter 17: The United States at the Crossroads = 455
  17.1 The End of American Hegemony = 457
  17.2 The Return of Debt Deflation = 467
  17.3 Income Growth, Productivity Gains, and Investment Revival = 471
  17.4 Restoring Fiscal Sanity = 476
  17.5 The Financial Underpinnings of Economic Revival = 482
  17.6 Community-Based Economic Development = 486
Notes = 489
Acronyms and Abbreviations = 523
Bibliography = 527
Index = 541
About the Author = 563


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