Money, Development and Economic Transformation presents a selection of thought-provoking essays by the noted German economist Hajo Riese. Starting from the theoretical foundations of how a monetary economy works, Riese provides new insights into major issues of economic development and economic transition. Riese's main conclusion is that strategies of economic development and economic transition will fail if the requirements of a monetary economy are not met.

Autorentext
JENS HÖLSCHER is Senior Lecturer in Economics at the University of Brighton, UK.

HORST TOMANN is Professor of Economics at the Freie University Berlin, Germany.

Inhalt
Editors' Preface Bibliographical Notes Introduction; J.Hölscher Bagehot versus Goodhart: Why a Central Bank Needs Commercial Banks Keynes as a Capital Theorist Development Strategy and Economic Theory: Comments on a Neglected Topic Marx and Keynes in a Theory of the Monetary Economy The Process of Transformation and Stabilization Policy Building Blocks of a Macro-theory of Transformation The Failure of Socialism and the Transformation Process Bibliography Index