Author: Samuel BrittanPublisher: University of Rhode Island
ISBN:
Category : Business & Economics
Languages : en
Pages : 142
Book Description
How to End the "monetarist" Controversy
Author: Samuel BrittanPublisher: University of Rhode Island
ISBN:
Category : Business & Economics
Languages : en
Pages : 142
Book Description
The Monetarist Controversy
Author: Inflation and the Monetarist Controversy
Author: Harry Gordon JohnsonPublisher:
ISBN:
Category : Inflation (Finance)
Languages : en
Pages : 108
Book Description
Inflation and the monetarist controversy
Author: Monetarist Economics
Author: Milton FriedmanPublisher: Wiley-Blackwell
ISBN: 9780631171119
Category : Business & Economics
Languages : en
Pages : 188
Book Description
Whatever Happened to Monetarism?
Author: Michael J. OliverPublisher: Routledge
ISBN: 0429777493
Category : History
Languages : en
Pages : 311
Book Description
First published in 1997, this volume responds to the Conservative intention of conducting economic policy along monetarist lines after winning the General Election in May 1979. Michael J. Oliver argues that the monetarist strategy was rejected for several reasons during the 1980s, including the recession of the early 1980s, the change in attitude to the role of the exchange rate and disagreements between politicians and policy-makers. It is shown that the disputes between Chancellor Nigel Lawson, Lady Thatcher and her economic adviser, Sir Alan Walters, are central to explaining why macroeconomic policy-making evolved considerably from the mid-1980s. This book is the first attempt by an economic historian to apply a social learning model to the post-1979 period. By adopting an inter-disciplinary approach, Oliver has made both an accessible addition to the debate on the conduct of economic policy since 1979 and a major contribution to the growing interest in social learning amongst social scientists.
The Deficit Myth
Author: Stephanie KeltonPublisher: PublicAffairs
ISBN: 1541736206
Category : Business & Economics
Languages : en
Pages : 311
Book Description
A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.
A Monetary History of the United States, 1867-1960
Author: Milton FriedmanPublisher: Princeton University Press
ISBN: 140082933X
Category : Business & Economics
Languages : en
Pages : 889
Book Description
“Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz, one of the most important economics books of the twentieth century—the landmark work that rewrote the story of the Great Depression and the understanding of monetary policy Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy—steady control of the money supply—matters profoundly in the management of the nation’s economy, especially in navigating serious economic fluctuations. One of the book’s most important chapters, “The Great Contraction, 1929–33” addressed the central economic event of the twentieth century, the Great Depression. Friedman and Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and countering banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy—an idea that has come to shape the actions of central banks worldwide.
Controversies in Monetary Economics
Author: John N. SmithinPublisher: Edward Elgar Publishing
ISBN: 9781781957998
Category : Business & Economics
Languages : en
Pages : 236
Book Description
'John Smithin's erudite and eloquent Controversies in Monetary Economics (now in a revised second edition) reminds us that a cashless economy is by no means a moneyless economy. Drawing on Keynes's concept of monetary production and on the later work of Sir John Hicks, Smithin argues persuasively for the continuing central importance of money in understanding interest rate determination and economic fluctuations. This insightful book illuminates the role of monetary policy, notably within the European Monetary Union.' - Robert W. Dimand, Brock University, Canada 'This book provides an excellent overview of the controversies that have driven debate about monetary theory and policy over the last two centuries. I highly recommend the book for use in advanced undergraduate or graduate courses. This new edition revises and updates some of the arguments, with some additional treatment of orthodoxy so that it can serve as a stand-alone text in monetary theory courses.' - L. Randall Wray, University of Missouri, US 'John Smithin is one of the deepest thinkers writing today about monetary matters in modern economics. Not only has he a thorough and full knowledge of past contributions, he is also an original thinker in his own right. The processes he depicts at work in modern economies are immediately recognisable and make good sense. He allies his theoretical understanding with advocacy of wise and humane policies. In John Smithin's writings the spirits of Keynes and Hicks live on, with also, dare I say it, the insights of Marx about the relationship between the real and the monetary in capitalism. Any student brought up on Smithin's clear and lucid accounts of controversies in monetary economics will have a firm grounding on which to base their understanding of the world around them.' - G.C. Harcourt, Jesus College, Cambridge, UK This influential volume, which has been revised and updated for the twenty-first century, includes both new material and more detailed expositions of existing arguments. Although so-called 'real' theories of business cycles and growth are prevalent in contemporary mainstream economics, Controversies in Monetary Economics suggests that those economists who have instinctively focused on monetary factors in explaining macroeconomic behaviour are more genuinely 'realistic'. The author combines an explanation of past and present monetary controversy with practical proposals for the conduct of monetary policy in the contemporary global economy. Several alternative approaches are discussed, ranging from the traditional quantity theory to post Keynesian theories of endogenous money. This insightful book will be of interest to all those concerned with monetary economics and macroeconomics, including academic researchers, graduate and senior undergraduate students - particularly those looking for an alternative to current economic orthodoxy - and historians of economic thought. Practitioners in central banks, international financial institutions, the financial markets and finance ministries will also find this work invaluable.
Changing Boundaries of the Political
Author: Charles S. MaierPublisher: Cambridge University Press
ISBN: 9780521348478
Category : Business & Economics
Languages : en
Pages : 432
Book Description
This investigation of the political in Europe since the 1960s newly illuminates advanced industrial economies.