Money and Markets: Essays by Robert W. ClowerIn this volume Donald Walker brings together Robert Clower's influential essays on monetary economics, grouping them so as to bring out clearly the development of Clower's thought. Among Clower's contributions are an important reinterpretation of Keynes' work, a fresh treatment of the nature of money, the formulation of a microeconomic approach to the understanding of monetary behaviour, and distinct insights on money supply-and-demand and inflation. The essays constitute a well-rounded treatment of the major problems in monetary economics, and the volume as a whole demonstrates how the study of monetary economics may extend knowledge of short-run economic fluctuations and prove useful in developing policy options to ameliorate them. |
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Continguts
Introduction | 1 |
a dynamical perspective 1960 | 21 |
Classical monetary theory revisited 1963 | 27 |
Monetary history and positive economics 1964 | 59 |
A reconsideration of the microfoundations | 81 |
the optimal growth rate of money 1968 | 90 |
Theoretical foundations of monetary policy 1971 | 107 |
What traditional monetary theory really wasnt 1969 | 123 |
On the invariance of demand for cash and other | 138 |
Frases i termes més freqüents
argument asset assumption Axel Leijonhufvud barter economy behavior bunching costs cash balances cash base changes Chapter classical commodity inventories conception constraint consumption coordination curve decision problem demand for money demand functions discussion disequilibrium dual-decision dynamical econ economic activities economic agents economic system economists effect employment equation equilibrium theory excess demand existence Friedman and Schwartz Hahn Hicks household Howitt implies income individual inflation intermediaries J. M. Keynes J. R. Hicks Keynes Keynesian economics Leijonhufvud logical means of payment microeconomic Milton Friedman modity monetarist monetary economy monetary exchange monetary theory money balances money commodities money economy money prices nomic optimal organized markets orthodox Ostroy paper Patinkin problem process analysis production proposition quantity of money question relevant Samuelson Say's Law Say's Principle stock of money store of value supply suppose theoretical tions trading costs transactor valid value theory variables waiting costs Walras Walrasian zero
Referències a aquest llibre
Microfoundations and Macroeconomics: An Austrian Perspective Steven Horwitz Previsualització no disponible - 2000 |