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Monetary Economics
An Integrated Approach to Credit, Money, Income, Production and Wealth
W. Godley, M. Lavoie
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eBook - PDF
Monetary Economics
An Integrated Approach to Credit, Money, Income, Production and Wealth
W. Godley, M. Lavoie
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About This Book
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.
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