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Theories of Money
and Banking
Edited by L. Randall Wray, Professor of Economics, University of
Missouri-Kansas City, Senior Scholar, Levy Economics Institute and
Research Director, Centre for Full Employment and Price Stability, US
‘Randall Wray’s two volumes provide a bright beacon in a darkening night of turmoil,
confusion and ignorance. By bringing together classics from both the mainstream and
heterodox approaches to monetary theory and policy, Wray provides a fundamental TO ORDER THIS TITLE,
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policy formation. A wide variety of approaches to money and banking are featured,
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65 articles, dating from 1937 to 2010 www.e-elgar.com
Contributors include: P. Arestis, P. Davidson, D. Foley, M. Friedman, C. Goodhart, J.M. Keynes, J.A. Kregel, A. Lerner,
H.P. Minsky, M. Sawyer, J. Tobin
Two volume set November 2012 c 1,272 pp Hardback 978 1 84844 103 3 c $695.00
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Contents & Contributors elgarinfo@e-elgar.com
Volume I: Development of Heterodox 4. Geoffrey Ingham (2000), ‘“Babylonian
Approaches to Money and Banking Madness”: On the Historical and Sociological
Acknowledgements Origins of Money’
Introduction: An Overview of Heterodox 5. Mark S. Peacock (2006), ‘The Origins of
Approaches to Money and Financial Institutions Money in Ancient Greece: The Political
L. Randall Wray Economy of Coinage and Exchange’
PART I HISTORICAL DEBATES ON THEORIES 6. Viviana A. Zelizer (1989), ‘The Social
OF MONEY Meaning of Money: “Special Monies”’
1. Charles A.E. Goodhart (1998), ‘The Two PART III KEYNESIAN AND INSTITUTIONALIST
Concepts of Money: Implications for the APPROACHES TO MONEY
Analysis of Optimal Currency Areas’ 7. John Maynard Keynes (1973), ‘A Monetary
2. John Maynard Keynes (1979), ‘The Theory of Production’
Distinction Between a Co-Operative Economy 8. Dudley Dillard (1980), ‘A Monetary Theory of
and an Entrepreneur Economy’ Production: Keynes and the Institutionalists’
PART II HISTORICAL, SOCIOLOGICAL AND 9. Éric Tymoigne (2003), ‘Keynes and
ANTHROPOLOGICAL APPROACHES TO MONEY Commons on Money’
3. Philip Grierson (1977), ‘The Origins of
Money’