Money, Banking, and the Business Cycle: Volume II: Remedies and Alternative Theories
- ISBN-10
- 1137340770
- ISBN-13
- 9781137340771
- Category
- Political Science
- Pages
- 306
- Language
- English
- Published
- 2014-07-02
- Publisher
- Palgrave Macmillan
- Author
- B. Simpson
Description
The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.
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Other editions
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- 2014-07-02
- 306 pages
- Paperback
- Palgrave Macmillan
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- 2014-07-02
- 306 pages
- Ebook
- Springer
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- 2014-04-16
- 278 pages
- Ebook
- Springer
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