Beyond Barter: Lectures in Monetary Economics After 'Rethinking'
Language: English
Published by World Scientific Publishing 2022-05-22, 2022
- Hardcover
- New
Seller: Chiron Media, Wallingford, United KingdomChiron Media
AbeBooks seller since August 2, 2010
Condition: New
£ 49.22
Quantity: 2 available
Add to basketSeller Inventory # 6666-GRD-9789811244421
- Title
- Beyond Barter: Lectures in Monetary Economics After 'Rethinking'
- Author
- John Smithin
- Publisher
- World Scientific Publishing 2022-05-22
- Publication year
- 2022
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 9811244421
- ISBN 13
- 9789811244421
<span style="color: rgba(0, 0, 0, 1)">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.</span>
"Synopsis" may belong to another edition of this title.
Chiron Media
Wallingford, United Kingdom
AbeBooks seller since August 2, 2010
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