BEYOND BARTER: Lectures in Monetary Economics After 'Rethinking' - Hardcover

Smithin John

 
9789811244421: BEYOND BARTER: Lectures in Monetary Economics After 'Rethinking'
Hardcover
ISBN 10: 9811244421 ISBN 13: 9789811244421
Verlag: World Scientific, 2022

Inhaltsangabe

The conventional macroeconomic theory of the late twentieth and early twenty-first century, based on the assumption that the working of complex monetary economy could be analysed on the same principles as those of barter exchange, has demonstrably failed. This book provides a thorough rethinking of the nature of a monetary economy. It builds upon a complete theory of the domestic and international monetary macro-economy, and of macroeconomic policy for the modern age. Central to the analysis is the idea that a successful market economy requires an endogenous supply of money via the banking system. Therefore to achieve macroeconomic stability, the book proposes the targeting of real interest rates under a regime of flexible exchange rates or 'fixed but adjustable exchange rates' as the main goal of monetary policy, along with a range of innovative fiscal and trade policies to promote economic growth, and thereby achieve full employment and a fair distribution of income.

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Verlag
World Scientific
Erscheinungsdatum
2022
Sprache
Englisch
ISBN 10 
9811244421
ISBN 13 
9789811244421
Einband
Gebundene Ausgabe
Anzahl der Seiten
228
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
gpsr@libri.de
gpsr@libri.de

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Hamburg
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