Understanding money – its creation, distribution and the value attached to it- is critical to understanding a society. This book introduces the principal theories of money, integrating them with macroeconomics and addressing key questions. What is money? How is it generated? How is it distributed? H..
The Theory of Money and Finance, by the same author, provided an introduction to the basic theory and concluded by introducing the idea of monetary disequilibrium, with the money supply process operating through bank credit creation. First published in 1981, this book develops that theme and provide..
The Theory of Money and Finance, by the same author, provided an introduction to the basic theory and concluded by introducing the idea of monetary disequilibrium, with the money supply process operating through bank credit creation. First published in 1981, this book develops that theme and provide..
We have experienced an era of extreme anti-inflationary policy combined with debts and deficits, the result of which has been a decrease in social stability. This book examines how using mainstream theory as the basis for economic decisions leads to misunderstandings of central concepts of our econo..
Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist...
Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist...
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This book sheds light on some of the most recent developments in monetary analysis which offer a theoretical framework for a renewed monetary approach and related policy extensions. It points to recent research on what a consistent and broad-scope monetary theory could be based in the ..
Rousseas holds a Post-Keynesian view of an elastic and endogenous money supply. His main theme stresses the role of innovation in the financial sector of the US economy and its implications for control of the money supply and credit, as well as the larger issue of macroeconomic policy...
The insights gained through the effective use of prediction markets, which are essentially speculative markets created for the purpose of aggregating information and making predictions, have many potentially valuable applications for public policy, and offer substantial promise as a tool of informat..
Originally published in 1994. This work investigates seasonal fluctuations of US and British short term nominal interest rates, the dollar-sterling exchange rate and short term interest rate differentials between the US and Britain during the period 1883-1913...