An examination of the role of money in a dynamic economy within the context of theoretical developments both within and in opposition to, the Quantity Theory tradition. Emphasis is on the dangers of basing economic policy on macroeconomic analysis.
An examination of the role of money in a dynamic economy within the context of theoretical developments both within and in opposition to, the Quantity Theory tradition. Emphasis is on the dangers of basing economic policy on macroeconomic analysis.
Preface - Introduction - Money - The Quantity Theory of Money - Money, Relative Prices and the Rate of Interest - Keynes's General Theory - Forced Saving Versus the Multiplier - Monetarism - Control of the Money Supply - International Trade and Exchange Rate Policy - Macroeconomic Demand Management - Inflation - Free Markets, Monetarism and the Austrian School - Postscript: When Keynes was a Monetarist - Appendix - Endnotes - Bibliography - Index
Preface - Introduction - Money - The Quantity Theory of Money - Money, Relative Prices and the Rate of Interest - Keynes's General Theory - Forced Saving Versus the Multiplier - Monetarism - Control of the Money Supply - International Trade and Exchange Rate Policy - Macroeconomic Demand Management - Inflation - Free Markets, Monetarism and the Austrian School - Postscript: When Keynes was a Monetarist - Appendix - Endnotes - Bibliography - Index
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