Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

Wynne A. H. Godley, Marc Lavoie

Anno: 2006
Rilegatura: Hardback
Pagine: 530 p.
Testo in English
Dimensioni: 216 x 140 mm
Peso: 850 gr.
  • EAN: 9780230500556
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Descrizione

This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.