David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Science and Society 56 (3):324 - 352 (1992)
With the international mobility of money, and the integration of national capital markets, the role of nation states in securing the money system becomes ambiguous, for nation states can exert only a partial impact on the value of (internationalized) money. The effect is that national monetary policy comes to reflect the contradictions between different sections of capital which are themselves integrated into international accumulation in different ways. A consequence is that there can be no assumption (as found in the conventional analysis) that national monetary policy is inherently nationalistic in its objectives. Hence the shifting emphasis in monetary policy between the exchange rate, the interest rate, the inflation rate, etc., is to be read as changing relations between different sections of capital in international accumulation. Increasingly, national monetary policy is drawing on policies which secure wage reductions, so as to secure the monetary system without dividing capital.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Michael Jackson (2005). Philosopher-Kings and Bankers. Theoria 44 (107):19-35.
James M. Buchanan & David I. Fand (1992). Monetary Malpractice: Intent, Impotence, or Incompetence? Critical Review 6 (4):457-469.
Bennett T. McCallum (1999). Recent Developments in Monetary Policy Analysis: The Roles of Theory and Evidence. Journal of Economic Methodology 6 (2):171-198.
Maria Pia Paganelli, Endogenous Money and David Hume. Eastern Economic Journal.
Maria Pia Paganelli (2009). David Hume on Monetary Policy: A Retrospective Approach. Journal of Scottish Philosophy 7 (1):65-85.
Thomas Ponchie, What Framework of Rules is Required to Deliver Economic Policy Coordination Within the Economic and Monetary Union?
Stan du Plessis (2010). Implications for Models in Monetary Policy. Journal of Economic Methodology 17 (4):429-444.
Antonia Kupfer (2008). Diminished States? National Power in European Education Policy. British Journal of Educational Studies 56 (3):286 - 303.
Siegfried Dewitte (2006). Money and the Autonomy Instinct. Behavioral and Brain Sciences 29 (2):184-185.
Mark S. Copelovitch & David Andrew Singer, Financial Regulation, Monetary Policy, and Inflation in the Industrialized World.
Jan Toporowski (2007). On Rhetoric and Being Realistic About the Monetary Policy of Developing Countries. Journal of Economic Methodology 14 (1):47-55.
Elisa Eiseman (2003). The National Bioethics Advisory Commission: Contributing to Public Policy. Rand.
Added to index2011-05-29
Total downloads7 ( #186,359 of 1,101,750 )
Recent downloads (6 months)2 ( #178,613 of 1,101,750 )
How can I increase my downloads?