A market theory of money
Explains the way in which economic theory has been adjusted to reflect developments in the real economy. The author outlines a theory, which links competitive markets with the monetary sector.
VIII, 142 Seiten
9780198287247, 0198287240
246921100
Introduction; Part I: The working of markets: Supply and demand; The function of speculation; The pricing of manufactures; The labour market; Part II: Money and Finance: The nature of money; The market makes its money; Banks and bank money; Choice among assets; Theories of interest - Keynes versus Marshall; Markets in shares - ownership and control; Part III: Problems and Policies: The old trade cycle; The credit economy; Interest and investment; An international economy; Appendix: Risk and uncertainty; Index