The Money Illusion
eBook - ePub

The Money Illusion

Market Monetarism, the Great Recession, and the Future of Monetary Policy

Scott Sumner

  1. English
  2. ePUB (mobile friendly)
  3. Available on iOS & Android
eBook - ePub

The Money Illusion

Market Monetarism, the Great Recession, and the Future of Monetary Policy

Scott Sumner

Book details
Table of contents
Citations

About This Book

The first book-length work on market monetarism, written by its leading scholar. Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? It's happened before. Just as Milton Friedman and Anna Schwartz led the economics community in the 1960s to reevaluate its view of what caused the Great Depression, the same may be happening now to our understanding of the first economic crisis of the 21st century.Forgoing the usual relitigating of problems such as housing markets and banking crises, renowned monetary economist Scott Sumner argues that the Great Recession came down to one thing: nominal GDP, the sum of all nominal spending in the economy, which the Federal Reserve erred in allowing to plummet. The Money Illusion is an end-to-end case for this school of thought, known as market monetarism, written by its leading voice in economics. Based almost entirely on standard macroeconomic concepts, this highly accessible text lays the groundwork for a simple yet fundamentally radical understanding of how monetary policy can work best: providing a stable environment for a market economy to flourish.

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Information

Year
2021
ISBN
9780226773711

Table of contents

Citation styles for The Money Illusion

APA 6 Citation

Sumner, S. (2021). The Money Illusion ([edition unavailable]). University of Chicago Press. Retrieved from https://www.perlego.com/book/2967621 (Original work published 2021)

Chicago Citation

Sumner, Scott. (2021) 2021. The Money Illusion. [Edition unavailable]. University of Chicago Press. https://www.perlego.com/book/2967621.

Harvard Citation

Sumner, S. (2021) The Money Illusion. [edition unavailable]. University of Chicago Press. Available at: https://www.perlego.com/book/2967621 (Accessed: 14 June 2024).

MLA 7 Citation

Sumner, Scott. The Money Illusion. [edition unavailable]. University of Chicago Press, 2021. Web. 14 June 2024.