Money and Value: A Reconsideration of Classical and Neoclassical Monetary Economics
Language: English
Published by Cambridge University Press, 1986
- Softcover
- Used
Seller: Book Express (NZ), Shannon, New ZealandBook Express (NZ)
AbeBooks seller since February 10, 2021
Condition: Used - Good
£ 3.07
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Add to basketItem description from seller
212 pages. Cover wornThis book addresses one of the major theoretical issues that underlies, impli citly or explicitly, some recurrent controversies in macroeconomics - namely, wh ether a competitive monetary economy has built-in mechanisms that are strong eno ugh to remove excess demands and supplies on all markets, through an automatic a djustment of the price system. Jean-Michel Grandmont sheds light on this complex subject by using the analytical techniques of general equilibrium theory alongs ide the methods of monetary analysis. The book warns against the indiscriminate use of the rational expectations hypothesis when approaching this topic, and con versely stresses the common-sense observation that short-run learning processes are among the most important characteristics of economic agents. Grandmont argue s that such processes are deserving of careful theoretical study, and the result is a clear and rigorous analysis of all the issues involved. Editorial Reviews This is a beautifully written book. There is hardly a subject the author touch es on that he does not enhance with the clarity and elegance of his exposition. Though it places much less emphasis on mathematical technique, the book stands c omparison with the classic texts of Debreu (1959) and Hildenbrand (1974). Dougla s Gale, Journal of Political Economy - From the Publisher.…
Seller Inventory # 3688m
- Title
- Money and Value: A Reconsideration of Classical and Neoclassical Monetary Economics
- Author
- Jean-Michel Grandmont, Andrew Chesher
- Publisher
- Cambridge University Press
- Publication year
- 1986
- Condition
- Good
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0521313643
- ISBN 13
- 9780521313643
- Dimensions
- 15.2cm x 22.9cm x 1.2cm
- Seller catalogs
- Business
"Synopsis" may belong to another edition of this title.
Review
'... those familiar with [Grandmont's] work will expect a rigorous and mathematically sophisticated treatment of the issues and they will not be disappointed. In addition, he takes pains to explain in a heuristic fashion - and quite successfully - the significance of the mathematical proofs which are relegated to the appendices. For this effort Grandmont should be praised because he has opened up an area of the literature which by its nature was previously restricted to a very narrow audience.' Journal of Economic Literature
'... this book is a very worthy venture, strongly recommended to monetary theorists of all persuasions. Moreover, the accessibility of exposition should make some of its important ideas available with benefit to undergraduate students in monetary economics.' The Economic Journal
"About the title" may belong to another edition of this title.
Book Express (NZ)
Shannon, New Zealand
AbeBooks seller since February 10, 2021
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