Controversies in Monetary Economics: Revised Edition

ISBN-13: 9781840648294 / Angielski / Twarda / 2003 / 232 str.

John Smithin

Opis

This volume which has been revised and updated for the 21st century, includes both new material and more detailed expositions of existing arguments. Although so-called real theories of business cycles and growth are prevalent in contemporary mainstream economics, Controversies in Monetary Economics suggests that those economists who have instinctively focused on monetary factors in explaining macroeconomic behaviour are more genuinely realistic. The author combines an explanation of past and present monetary controversy with practical proposals for the conduct of monetary policy in the contemporary global economy. Several alternative approaches are discussed, ranging from the traditional quantity theory to post Keynesian theories of endogenous money.