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Beyond Barter: Lectures In Monetary Economics After 'Rethinking'

Af: John Smithin Engelsk Hardback

Beyond Barter: Lectures In Monetary Economics After 'Rethinking'

Af: John Smithin Engelsk Hardback
Tjek vores konkurrenters priser
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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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.
Produktdetaljer
Sprog: Engelsk
Sider: 228
ISBN-13: 9789811244421
Indbinding: Hardback
Udgave:
ISBN-10: 9811244421
Kategori: Monetær økonomi
Udg. Dato: 17 maj 2022
Længde: 19mm
Bredde: 237mm
Højde: 158mm
Forlag: World Scientific Publishing Co Pte Ltd
Oplagsdato: 17 maj 2022
Forfatter(e): John Smithin
Forfatter(e) John Smithin


Kategori Monetær økonomi


ISBN-13 9789811244421


Sprog Engelsk


Indbinding Hardback


Sider 228


Udgave


Længde 19mm


Bredde 237mm


Højde 158mm


Udg. Dato 17 maj 2022


Oplagsdato 17 maj 2022


Forlag World Scientific Publishing Co Pte Ltd

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