New research perspectives in the monetary theory of production

This book aims to offer a picture of the recent developments in the Italian approach to the Monetary Theory of Production. To this end, the volume contains eight contributions (preceded by a precious Preface by Alessandro Vercelli) of ten heterodox economists, a part of whom participated in the homonymous special session at the VII Storep Conference, University of Trento (Italy), on June 2010. The main target of this collection of papers is to provide the reader with some of the new insights into the link between the Monetary Theory of Production and the other current nonmainstream approaches, as well as to suggest the possibility of using monetary macro-social models in the analysis of the effects of alternative policies on the real-world “financially sophisticated” economies of production.