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Money, Banking, and the Business Cycle: Volume II: Remedies and Alternative Theories

by B. Simpson

2021-01-08 12:03:21

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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 mak... Read more
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. Less

Book Details

File size9.25 X 6.1 X 0.92 in
Print pages306
PublisherPalgrave Macmillan
Publication date July 2, 2014
LanguageEnglish
ISBN9781137340771
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B. Simpson
Author
A. B. Simpson...

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