Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth
Godley, Wynne A. H.; Lavoie, Marc
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Description for Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth
paperback. 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 flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time. Num Pages: 573 pages, biography. BIC Classification: KCB; KFF. Category: (G) General (US: Trade). Dimension: 216 x 140. .
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 flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
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 flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
Product Details
Format
Paperback
Publication date
2007
Publisher
Palgrave Macmillan United Kingdom
Number of pages
573
Condition
New
Number of Pages
530
Place of Publication
Basingstoke, United Kingdom
ISBN
9781349352746
SKU
V9781349352746
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Godley, Wynne A. H.; Lavoie, Marc
WYNNE GODLEY was formerly Director of the Department of Applied Economics at the University of Cambridge, UK, from 1970 to 1994, and subsequently a Professor of Applied Economics. During this period, from 1987-1988, he was also a Visiting Professor at University of Aalborg, Denmark. Between 1994 and 2001, Professor Godley was a Distinguished Scholar at the Levy Economics Institute of ... Read more
Reviews for Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth
'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 graduate students have been brought up on policy nihilism, bordering on paralysis in the face of policy dilemmas. A new generation, armed with the tools, concepts and models developed by ... Read more