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MONEY AND CREDIT IN CAPITALIST ECONOMIES: THE ENDOGENOUS MONEY APPROACH

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This widely acclaimed book argues that money is not the product of a simple deposit multiplier process. The impressive analysis includes discussions of the origins and nature of money and of the evolution of monetary institutions and theory. Unlike other recent works on 'endogenous money', this book incorporates liquidity preference theory within the analysis by carefully distinguishing money from liquidity and by showing how money, but not liquidity, is created on demand. This naturally leads to a role for liquidity preference in the determination of interest rates. Extensions then link money to financial instability, the expenditure multiplier, credit, saving, investment, development, deficits and growth.This controversial and provocative book will be essential reading for all economists and researchers concerned with monetary and macroeconomics. It will have particular appeal to post Keynesian economists.

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Availability

10000504

332.4 WRA m

RLC MM (Rak Buku Umum)

Available

Detail Information

Series Title

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Statement of Responsibility

L. Randall Wray

Call Number

332.4 WRA m

Publisher

Hants : Edward Elgar Publishing., 1990

Collation

xx, 326 p. : ill ; 22cm.

Language

English

ISBN/ISSN

1-85278-356-7

Classification

332.4

Content Type

-

Edition

-

Subject(s)

Buku Umum
Finance
Economics
Credit

Specific Detail Info

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