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Monetary economics : an integrated approach to credit, money, income, production and wealth

Author: Wynne Godley; Marc Lavoie
Publisher: Basingstoke, Hampshire : Palgrave Macmillan, [2008]
Edition/Format:   Print book : English : [Nachdr.]View all editions and formats
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This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how it is institutions which create  Read more...

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Document Type: Book
All Authors / Contributors: Wynne Godley; Marc Lavoie
ISBN: 0230500552 9780230500556
OCLC Number: 554089596
Description: XLIII, 530 Seiten : Diagramme
Contents: Introduction Balance Sheets, Transaction Matrices and The Monetary Circuit The Simplest Model with Government Money Government Money with Portfolio Choice Long-Term Bonds, Capital Gains and Liquidity Preference Introducing the Open Economy A Simple Model with Private Bank Money Time, Inventories, Profits and Pricing A Model with PrivateBank Money, Inventories and Inflation A Model with both Inside and Outside Money A Growth Model Prototype Open Economy with Flexible Prices and Exchange Rates General Conclusion
Responsibility: Wynne Godley and Marc Lavoie.

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'The framework that Godley and Lavoie develop, with a consistent numerical and simulational handle on the various models, is a return to a majestic Wicksellian tradition A whole generation of Read more...

 
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