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Author : Milton Friedman
Publisher : Wiley-Blackwell
ISBN 13 : 9780631171119
Total Pages : 188 pages
Book Rating : 4.1/5 (711 download)
Download or read book Monetarist Economics written by Milton Friedman and published by Wiley-Blackwell. This book was released on 1991-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Milton Friedman
Publisher : Princeton University Press
ISBN 13 : 140082933X
Total Pages : 889 pages
Book Rating : 4.4/5 (8 download)
Download or read book A Monetary History of the United States, 1867-1960 written by Milton Friedman and published by Princeton University Press. This book was released on 2008-09-02 with total page 889 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz, one of the most important economics books of the twentieth century—the landmark work that rewrote the story of the Great Depression and the understanding of monetary policy Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy—steady control of the money supply—matters profoundly in the management of the nation’s economy, especially in navigating serious economic fluctuations. One of the book’s most important chapters, “The Great Contraction, 1929–33” addressed the central economic event of the twentieth century, the Great Depression. Friedman and Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and countering banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy—an idea that has come to shape the actions of central banks worldwide.
Author : Stephanie Kelton
Publisher : PublicAffairs
ISBN 13 : 1541736206
Total Pages : 311 pages
Book Rating : 4.5/5 (417 download)
Download or read book The Deficit Myth written by Stephanie Kelton and published by PublicAffairs. This book was released on 2020-06-09 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about economics in decades -- delivers a radically different, bold, new understanding for how to build a just and prosperous society. Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country. Kelton busts through the myths that prevent us from taking action: that the federal government should budget like a household, that deficits will harm the next generation, crowd out private investment, and undermine long-term growth, and that entitlements are propelling us toward a grave fiscal crisis. MMT, as Kelton shows, shifts the terrain from narrow budgetary questions to one of broader economic and social benefits. With its important new ways of understanding money, taxes, and the critical role of deficit spending, MMT redefines how to responsibly use our resources so that we can maximize our potential as a society. MMT gives us the power to imagine a new politics and a new economy and move from a narrative of scarcity to one of opportunity.
Author : Michael J. Oliver
Publisher : Routledge
ISBN 13 : 0429777493
Total Pages : 311 pages
Book Rating : 4.4/5 (297 download)
Download or read book Whatever Happened to Monetarism? written by Michael J. Oliver and published by Routledge. This book was released on 2019-01-15 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1997, this volume responds to the Conservative intention of conducting economic policy along monetarist lines after winning the General Election in May 1979. Michael J. Oliver argues that the monetarist strategy was rejected for several reasons during the 1980s, including the recession of the early 1980s, the change in attitude to the role of the exchange rate and disagreements between politicians and policy-makers. It is shown that the disputes between Chancellor Nigel Lawson, Lady Thatcher and her economic adviser, Sir Alan Walters, are central to explaining why macroeconomic policy-making evolved considerably from the mid-1980s. This book is the first attempt by an economic historian to apply a social learning model to the post-1979 period. By adopting an inter-disciplinary approach, Oliver has made both an accessible addition to the debate on the conduct of economic policy since 1979 and a major contribution to the growing interest in social learning amongst social scientists.
Author : Franco Modigliani
Publisher :
ISBN 13 : 9781410220981
Total Pages : 52 pages
Book Rating : 4.2/5 (29 download)
Download or read book The Monetarist Controversy written by Franco Modigliani and published by . This book was released on 2005 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: At the January 1977 meeting of its monthly Economic Seminar series, the Federal Reserve Bank of San Francisco was honored to present Prof. Franco Modigliani, Immediate Past President of the American Economic Association. In his paper, Prof. Modigliani developed some of the themes which he had first covered last September in his AEA Presidential Address, ?gThe Monetarist Controversy"YOr, Should We Forsake Stabilization Policies??h The Bank was doubly fortunate to obtain, as seminar discussant, Nobel Laureate Milton Friedman, who was serving as Visiting Scholar at this institution during the winter term. This supplement to the Bank?fs Economic Review contains Prof. Modigliani?fs lecture, Prof. Friedman?fs reply, the discussion between the two and a floor discussion"Yplus, as an appendix, Prof. Modigliani?fs AEA Presidential Address. The seminar was chaired by Dr. Michael W. Keran, Vice President and Director of Research for the Federal Reserve Bank of San Francisco.
Author : Michel De Vroey
Publisher : Cambridge University Press
ISBN 13 : 0521898439
Total Pages : 451 pages
Book Rating : 4.5/5 (218 download)
Download or read book A History of Macroeconomics from Keynes to Lucas and Beyond written by Michel De Vroey and published by Cambridge University Press. This book was released on 2016-01-08 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
Author : John N. Smithin
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781957998
Total Pages : 236 pages
Book Rating : 4.9/5 (579 download)
Download or read book Controversies in Monetary Economics written by John N. Smithin and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'John Smithin's 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 Keynes's 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, Canada 'This 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, US 'John 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 Smithin's 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 Smithin's 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, Jesus College, Cambridge, UK 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 : Charles S. Maier
Publisher : Cambridge University Press
ISBN 13 : 9780521348478
Total Pages : 432 pages
Book Rating : 4.3/5 (484 download)
Download or read book Changing Boundaries of the Political written by Charles S. Maier and published by Cambridge University Press. This book was released on 1987-08-28 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This investigation of the political in Europe since the 1960s newly illuminates advanced industrial economies.
Author : Ms.Dominique Simard
Publisher : International Monetary Fund
ISBN 13 : 1451935366
Total Pages : 58 pages
Book Rating : 4.4/5 (519 download)
Download or read book France and the Breakdown of the Bretton Woods International Monetary System written by Ms.Dominique Simard and published by International Monetary Fund. This book was released on 1994-10-01 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author : John Gray
Publisher : Routledge
ISBN 13 : 1136153640
Total Pages : 224 pages
Book Rating : 4.1/5 (361 download)
Download or read book Beyond the New Right written by John Gray and published by Routledge. This book was released on 2013-09-13 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Gray is now established as one of the UK's leading political thinkers. For over a decade he has been asssociated with the ideas and think-tanks of the New Right. In this book he presents both a criticism of the ideological excesses of New Right ideology and a radical critique of the New Right itself, developed from the standpoint of traditional conservatism. All the major thinkers and themes of the New Right are examined, together with many major issues of current public policy - such as the growth of the underclass, the future of the welfare state and the role of government in education and culture. The author also argues that there are deep affinities between conservative ideology and Green thought. He advances radical proposals for the preservation and renewal of common life for an age in which the ideals of modernism, including continuous economic growth, are decreasingly viable. He expresses his conviction that conservative philosophy will find its future in dissociating itelf from the neo-liberalism that has lately dominated policy, and returning to the task of redefining traditional values.
Author : Robert Devigne
Publisher : Yale University Press
ISBN 13 : 9780300068689
Total Pages : 292 pages
Book Rating : 4.0/5 (686 download)
Download or read book Recasting Conservatism written by Robert Devigne and published by Yale University Press. This book was released on 1996-08-28 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores how conservative thought in the work of Oakeshott and Strauss and their followers responds to the postmodern loss of tradition, morality, and authority in contemporary British and American society. The work also compares each theory to previous political outlooks in both countries.
Author : Christopher Johnson
Publisher : Routledge
ISBN 13 : 1000301966
Total Pages : 211 pages
Book Rating : 4.0/5 (3 download)
Download or read book The Grand Experiment written by Christopher Johnson and published by Routledge. This book was released on 2019-12-06 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1991. In this volume, the author states that is not an economic history or 'an economic analysis, although it draws upon both disciplines. However, it is an attempt at political economy. It surveys the economic policies of the Thatcher Conservatives, from their intellectual origins in Opposition to their formulation in government papers and their implementation through three terms of office. It seeks to judge the appropriateness of the policies, the competence of their execution and the degree of their success in achieving the desired effects. Johnson confirms that possible alternative policies are not discussed in detail, and we can now never know how they would have turned out. Appraisal of the Thatcher Government's policies, however, inevitably implies something about what the alternatives might have been, particularly those alternatives that members of the Government themselves seriously contemplated.
Author : David Cobham
Publisher : John Wiley & Sons
ISBN 13 : 0470855169
Total Pages : 230 pages
Book Rating : 4.4/5 (78 download)
Download or read book The Making of Monetary Policy in the UK, 1975-2000 written by David Cobham and published by John Wiley & Sons. This book was released on 2003-02-14 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the quarter of a century with which this book is concerned, the UK has had an extraordinarily diverse experience of monetary policy and monetary regimes. Monetary policy has been transformed, from attempts to control broad money from the supply side with the use of indirect controls on banks' lending, to an almost exclusive focus on interest rates in a context of inflation targeting. The exchange rate has at times been fixed, at other times almost perfectly flexible, and at other times again more or less managed. Meanwhile the real economy has experienced large variations in growth, together with what most observers have seen as a sharp rise and then a gradual decline in the NAIRU; inflation has varied between 25% and 2%. This is a book about the making of monetary policy in the UK, about how and why the monetary regimes changed over the period, and how and why the monetary authorities took the decisions they did about monetary growth, interest rates and the exchange rate. It includes separate chapters on monetary targeting, on policy in the second half of the 1980s, on the UK's brief membership of the ERM, on inflation targeting between 1993 and 1997, and on inflation targeting with instrument independence since 1997. It also contains a detailed analysis of the factors that influenced interest rate decisions and monetary policy with particular reference to the exchange rate, and an investigation of the nature and reasons for interest rate smoothing in the UK. "David Cobham has written an excellent history of British monetary policy over the final quarter of the 20th Century. His judgement of the political and economic context is sound and sensible. It is well written with clear and helpful tables and charts. Besides the careful historical reporting, Cobham adds some valuable extra research of his own, notably on the interaction between monetary policy and the exchange rate (Chapter 9) and on the reasons for interest rate 'smoothing' (Chapter 10)." Charles Goodhart, Norman Sosnow Professor of Banking and Finance at the London School of Economics "...an essential guide covering everything the reader could ever want to know about the UK's turbulent monetary history over the last quarter century" Charles Bean, Chief Economist, Bank of England
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher :
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.3/5 (91 download)
Download or read book Federal Reserve's Second Monetary Policy Report for 1982 written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1982 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John H. Cochrane
Publisher : Princeton University Press
ISBN 13 : 0691243247
Total Pages : 585 pages
Book Rating : 4.6/5 (912 download)
Download or read book The Fiscal Theory of the Price Level written by John H. Cochrane and published by Princeton University Press. This book was released on 2023-01-17 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive account of how government deficits and debt drive inflation Where do inflation and deflation ultimately come from? The fiscal theory of the price level offers a simple answer: Prices adjust so that the real value of government debt equals the present value of taxes less spending. Inflation breaks out when people don’t expect the government to fully repay its debts. The fiscal theory is well suited to today’s economy: Financial innovation undermines money demand, and central banks don’t control the money supply or aggressively change interest rates, invalidating classic theories, while large debts and deficits threaten inflation and constrain monetary policy. This book presents a comprehensive account of this important theory from one of its leading developers and advocates. John Cochrane aims to make fiscal theory useful as a conceptual framework and modeling tool, and for analyzing history and policy. He merges fiscal theory with standard models in which central banks set interest rates, giving a novel account of monetary policy. He generalizes the theory to explain data and make realistic predictions. For example, inflation decreases in recessions despite deficits because discount rates fall, raising the value of debt; specifying that governments promise to partially repay debt avoids classic puzzles and allows the theory to apply at all times, not just during periods of high inflation. Cochrane offers an extensive rethinking of monetary doctrines and institutions through the eyes of fiscal theory, and analyzes the era of zero interest rates and post-pandemic inflation. Filled with research by Cochrane and others, The Fiscal Theory of the Price Level offers important new insights about fiscal and monetary policy.
Author : Samuel Brittan
Publisher : Harvard University Press
ISBN 13 : 9780674094925
Total Pages : 316 pages
Book Rating : 4.0/5 (949 download)
Download or read book Capitalism with a Human Face written by Samuel Brittan and published by Harvard University Press. This book was released on 1996 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sir Samuel Brittan, the doyen of British economic journalists, explores the connections between economics, ethics, and politics while assessing the merits and defects of capitalism in this post-socialist era.
Author : G. Gardiner
Publisher : Springer
ISBN 13 : 0230288448
Total Pages : 292 pages
Book Rating : 4.2/5 (32 download)
Download or read book The Evolution of Creditary Structures and Controls written by G. Gardiner and published by Springer. This book was released on 2006-04-13 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author suggests that governments use faulty methods for regulating credit and argues the use of credit multipliers. He argues for a rejection of the theory of the investment multiplier because investment can reduce employment, and will lower prices. The productive resources it releases require new credit creation to employ them.
