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Author: Milton Friedman
Publisher:
ISBN:
Category :
Languages : en
Pages : 265
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Book Description
Author: Milton Friedman
Publisher:
ISBN:
Category :
Languages : en
Pages : 265
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Book Description
Author: Colin P. Elliott
Publisher: Cambridge University Press
ISBN: 1108418600
Category : Business & Economics
Languages : en
Pages : 225
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Book Description
Reconceptualizes economic theory as a tool for understanding the Roman monetary system and its social and cultural contexts.
Author: Mr.Subramanian S. Sriram
Publisher: International Monetary Fund
ISBN: 1451848544
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
A stable money demand forms the cornerstone in formulating and conducting monetary policy. Consequently, numerous theoretical and empirical studies have been conducted in both industrial and developing countries to evaluate the determinants and the stability of the money demand function. This paper briefly reviews the theoretical work, tracing the contributions of several researchers beginning from the classical economists, and explains relevant empirical issues in modeling and estimating money demand functions. Notably, it summarizes the salient features of a number of recent studies that applied cointegration/error-correction models in the 1990s, and it features a bibliography to aid in research on demand for money.
Author: David Glasner
Publisher: Springer Nature
ISBN: 3030834263
Category : Business & Economics
Languages : en
Pages : 521
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Book Description
This book presents an alternative approach to monetary theory that differs from the General Theory of Keynes, the Monetarism of Friedman, and the New Classicism of Lucas. Particular attention is given to the work of Hawtrey and his analysis of financial crises and his explanation of the Great Depression. The unduly neglected monetary theory of Hawtrey is examined in the context of his contemporaries Keynes and Hayek and the subsequent contributions of Friedman and of the Monetary Approach to the Balance of Payments. Studies in the History of Monetary Theory aims to highlight the misunderstandings of the quantity theory and the price-specie-flow mechanism and to explain their unfortunate consequences for the subsequent development of monetary theory. The book is relevant to researchers, students, and policymakers interested in the history of economic thought, monetary theory, and monetary policy.
Author: Milton Friedman
Publisher: University of Chicago Press
ISBN: 9780226264158
Category : Biography & Autobiography
Languages : en
Pages : 702
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Book Description
This "rich autobiographical and historical panorama" ("Wall Street Journal") provides a memorable and lively account of the lives of the Friedmans: their involvement with world leaders and many of this century's most important public policy issues. 26 photos.
Author: Irving Fisher
Publisher:
ISBN:
Category : Money
Languages : en
Pages : 558
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Book Description
Author: John Maynard Keynes
Publisher: Atlantic Publishers & Dist
ISBN: 9788126905911
Category : Business & Economics
Languages : en
Pages : 410
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Book Description
John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
Author: Benjamin McAlester Anderson
Publisher: Ludwig von Mises Institute
ISBN: 1610162773
Category : Money
Languages : en
Pages : 642
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Book Description
Author: John Hicks
Publisher:
ISBN: 0198287240
Category : Business & Economics
Languages : en
Pages : 151
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Book Description
Explains the way in which economic theory has been adjusted to reflect developments in the real economy. The author outlines a theory, which links competitive markets with the monetary sector.
Author: Steven Durlauf
Publisher: Springer
ISBN: 0230280854
Category : Performing Arts
Languages : en
Pages : 395
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Book Description
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
