£97.00

Edward Elgar Publishing Monetary Theory

Name: Monetary Theory
Brand: Edward Elgar Publishing
Price: 93.0 GBP
Availability: InStock

Macroeconomics

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Description

Alan Rabin argues that new Keynesian and new classical macroeconomics, which have dominated the literature and textbooks, have crowded the monetary-disequilibrium hypothesis, or orthodox monetarism, off the intellectual stage. Trying to remedy this imbalance, the author concentrates on what he judges to be the essentials of monetary theory. Emphasizing money's fundamental role in lubricating exchanges and promoting economic coordination, Alan Rabin argues that when the lubricant goes awry, so do the processes being lubricated. Monetary disequilibrium can have repercussions that last months and even years. The book presents the author's interpretation of Yeager's enormous contributions to monetary theory, especially his development of monetary-disequilibrium theory, while also building on the contributions of Patinkin, Clower, Leijonhufvud, Barro and Grossman, and Laidler. A unique hybrid of treatise and graduate text, Monetary Theory fills a tremendous void in the current literature and will be of interest to scholars and students of monetary theory and economic thought.

Product Specifications

Brand: Edward Elgar Publishing
Format: hardcover
ASIN: 1840647442
Category: Books > Subjects > Business, Finance & Law > Economics > Macroeconomics
Domain: Amazon UK
Release Date: 25 March 2004
Listed Since: 27 December 2006

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Edward Elgar Publishing Monetary Theory

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