eBook - ePub
Rethinking the Theory of Money, Credit, and Macroeconomics
A New Statement for the Twenty-First Century
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
Rethinking the Theory of Money, Credit, and Macroeconomics
A New Statement for the Twenty-First Century
About this book
This book provides a comprehensive re-working of the basic principles of monetary macroeconomics in an alternative monetary model (AMM) of economic growth, the business cycle, inflation and income distribution. These principles differ considerably from those advanced in the standard macroeconomics literature and in textbooks. However, the latter have been demonstrably unsuccessful in the promotion of usable macroeconomic policy advice for the past several years, actually decades. A different approach is needed. In particular, the new approach takes seriously the vital role of credit creation and endogenous money in capitalism. It does not imagine that all of the difficult questions of economic policy-making may be resolved within a paradigm that conceptualizes economic activity as merely a question of barter exchange. The result is a blueprint for a set of growth-friendly macroeconomic policies which will promote full employment, financial stability and higher real wages – essentially for the benefit of the long-suffering middle and working classes rather for the chamber of commerce and financial interests.
Trusted by 375,005 students
Access to over 1.5 million titles for a fair monthly price.
Study more efficiently using our study tools.
Information
Table of contents
- Cover
- Half-Title
- Title
- Copyright
- Dedication
- Contents
- List of Figures
- List of Tables
- Preface
- 1 Methodological Problems in Monetary Macroeconomics
- 2 The Basic Principles of Macroeconomics in an Alternative Monetary Model
- 3 The Role of Money and Banking in Capitalism
- 4 The Mystery of Profit and the Enigma of Value
- 5 Interest Rates, Liquidity Preference, and Endogenous Money
- 6 Interest, Profit, and Wages
- 7 Alternative Approaches to the Theory of Economic Growth
- 8 Alternative Views on Inflation
- 9 The Balance of Payments and Exchange Rates
- 10 A Realist Approach to International Currency and Finance
- 11 Towards a Philosophy of Money and Finance?
- Bibliography
- Index
- About the Author
Frequently asked questions
Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription
No, books cannot be downloaded as external files, such as PDFs, for use outside of Perlego. However, you can download books within the Perlego app for offline reading on mobile or tablet. Learn how to download books offline
Perlego offers two plans: Essential and Complete
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.5M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1.5 million books across 990+ topics, we’ve got you covered! Learn about our mission
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more about Read Aloud
Yes! You can use the Perlego app on both iOS and Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app
Yes, you can access Rethinking the Theory of Money, Credit, and Macroeconomics by John Smithin in PDF and/or ePUB format, as well as other popular books in Economics & Business General. We have over 1.5 million books available in our catalogue for you to explore.