Money, Financial Institutions And Macroeconomics (recent Economic Thought)
by John Smithin /
2012 / English / PDF
16.9 MB Download
Money, Financial Institutions and Macroeconomics
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.
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.
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.'
`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.'
