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Books > Social sciences > Sociology, social studies > Social institutions > Work & labour
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Money, Banking, and the Business Cycle - Volume II: Remedies and Alternative Theories (Paperback, 1st ed. 2014)
Loot Price: R2,966
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Money, Banking, and the Business Cycle - Volume II: Remedies and Alternative Theories (Paperback, 1st ed. 2014)
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The business cycle is a complex phenomenon. On the surface, it
involves a multitude of mechanisms, such as oscillations in
interest rates, prices, wages, unemployment, output, and spending.
But a deeper understanding requires a unifying theory to make these
various parts whole. Money, Banking, and the Business Cycle
provides a comprehensive framework for analyzing these mechanisms,
and offers a robust prescription for reducing financial instability
over the long-term. Volume II refutes Keynesian and real business
cycle theories and provides policy prescriptions to virtually
eliminate the cycle. Simpson offers a detailed analysis of several
historical monetary systems around the world and shows the causes
and effects of fiat money and fractional-reserve banking, as well
as a 100-percent reserve gold standard.
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