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Money, Financial Institutions and Macroeconomics (Paperback, Softcover reprint of the original 1st ed. 1997)
Loot Price: R5,829
Discovery Miles 58 290
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Money, Financial Institutions and Macroeconomics (Paperback, Softcover reprint of the original 1st ed. 1997)
Series: Recent Economic Thought, 53
Expected to ship within 10 - 15 working days
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Money, Financial Institutions and Macroeconomics presents a
comparative and international perspective on the current state of
research in monetary theory, and the application of monetary theory
to important policy issues. The main emphasis is on views stressing
the importance of credit creation in the monetary process, in a
tradition which arguably encompasses Wicksell, the later Swedes and
the Austrians, through the later Hicks, the circuit school and
contemporary post-Keynesians. In addition, however, there are
distinguished contributions from economists with a more
`mainstream' approach to the issues. The book is subdivided into
four main parts: Part I reviews the theory of a monetary and credit
economy; Part II explores alternative views on money and credit;
Part III deals with monetary policy issues in North America; and
Part IV discusses monetary policy issues in Europe. `Taken
together, the contributions to this volume certainly bear out
Hick's famous adage about the much closer relationship between
`monetary theory' and `monetary history' than is the case in other
branches of economic thought.'
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