6. An Excursus on Rational-Expectation Equilibria

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface ix
4. Introduction xi
5. 1. The Great Divide in Economics 1
6. Part 1. The Infirmity of Monetarism
7. 2. The Monetarist Theory 15
8. 3. Equilibrium and Historical Time 22
9. 4. The Modus Operandi of Monetarist Theory 35
10. 5. The Cash Transactions Approach to Monetarism 43
11. 6. An Excursus on Rational-Expectation Equilibria 56
12. 7. An Excursus on Methodological Individualism 70
13. 8. An Excursus on Walrasian Equilibrium and Capitalist Production 78
14. Part 2. The Superiority of Propertyism
15. 9. A Critique of Ricardo’s Theory of Money 87
16. 10. Marx on the Value of Money 98
17. 11. An Excursus on Marx’s Theory of Value 112
18. 12. Marx’s Solution to a Dilemma 124
19. 13. Alternative Interpretations of Keynes 136
20. 14. A Digression on a Keynesian Dilemma 149
21. 15. Marx, Keynes, and Propertyism 161
22. Part 3. The Incompleteness of Propertyism
23. 16. The Incompleteness of Propertyism 169
24. 17. A Solution to the Incompleteness 177
25. 18. Capitalism as a Mode of Production 187
26. 19. Money in the World Economy 197
27. 20. Capitalism and Imperialism 211
28. Notes 227
29. Bibliography 243
30. Index 247