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Monetary Orders - Ambiguous Economics, Ubiquitous Politics (Paperback)
Loot Price: R928
Discovery Miles 9 280
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Monetary Orders - Ambiguous Economics, Ubiquitous Politics (Paperback)
Series: Cornell Studies in Political Economy
Expected to ship within 12 - 17 working days
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Total price: R948
Discovery Miles: 9 480
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Wherever there is money, there is money politics-a subject
demanding ever greater attention at a time when monetary policies
lead and the real economy follows. A principal defining
characteristic of the contemporary global economy, Jonathan
Kirshner contends, is the rise and preeminence of monetary
phenomena international financial crises, Central Bank Independence
and inflation fighting, the creation of the euro, and monetary
reform in emerging economies, to name only a few. Moreover, unlike
most debates in political economy (such as those regarding trade
policy), which are generally recognized as political, monetary
phenomena and macroeconomic policies are typically represented as
expressly apolitical. In Monetary Orders, a distinguished group of
scholars explores the inescapable political origins of choices
about money. The essays in Monetary Orders each address a specific
issue or puzzle relating to money and its management. Their authors
focus on markedly disparate cases but share a common observation:
for most policy choices about money, market forces and economic
logic can rule out certain options, but are indeterminate in
explaining why one policy rather than another will be chosen.
Ultimately, political factors are essential to explain fundamental
and consequential choices about money."
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