Controversies in Monetary Economics: Revised Edition by John Smithin (English) P

Description: FREE SHIPPING UK WIDE Controversies in Monetary Economics by John Smithin 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. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description 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. Author Biography John Smithin, Professor of Economics, Department of Economics and the Schulich School of Business, York University, Toronto, Canada Table of Contents Contents: Preface to the Revised Edition 1. Money and Economic Theory and Policy 2. The Nature and Functions of Money: A Re-Examination 3. Monetarism and the Quantity Theory of Money 4. Short-Run Non-Neutralities, Nominal Rigidities, Misperceptions and the Concept of the Phillips Curve 5. The Real Bills Doctrine, Interest Rate Pegging and Endogenous Money 6. Money, Interest Rates and Output 7. An Alternative Monetary Model of Inflation and Economic Growth 8. The International Economy and Alternative Exchange Rate Regimes 9. Inflation and the Economy 10. Concluding Remarks Index Review John Smithins 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 Keyness 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, CanadaThis 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, USJohn 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 Smithins 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 Smithins 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, University of New South Wales, Australia Review Quote John Smithins 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 Keyness 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. Details ISBN1843768038 Pages 232 Publisher Edward Elgar Publishing Ltd Year 2003 ISBN-10 1843768038 ISBN-13 9781843768036 Format Paperback Publication Date 2003-12-19 Imprint Edward Elgar Publishing Ltd Place of Publication Cheltenham Country of Publication United Kingdom DEWEY 332.4 Illustrations Fig.tabs. Edition 2nd Author John Smithin Subtitle Revised Edition Language English DOI 10.1604/9781843768036 AU Release Date 2003-12-19 NZ Release Date 2003-12-19 UK Release Date 2003-12-19 Audience Undergraduate We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! 30 DAY RETURN POLICY No questions asked, 30 day returns! FREE DELIVERY No matter where you are in the UK, delivery is free. SECURE PAYMENT Peace of mind by paying through PayPal and eBay Buyer Protection TheNile_Item_ID:161844240;

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