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.
Produkteigenschaften
- Artikelnummer: 9781137340771
- Medium: Buch
- ISBN: 978-1-137-34077-1
- Verlag: Palgrave MacMillan Us
- Erscheinungstermin: 02.07.2014
- Sprache(n): Englisch
- Auflage: 2014. Auflage 2014
- Produktform: Gebunden
- Gewicht: 6033 g
- Seiten: 306
- Format (B x H x T): 161 x 241 x 27 mm
- Ausgabetyp: Kein, Unbekannt
Themen
- Wirtschaftswissenschaften
- Finanzsektor & Finanzdienstleistungen
- Finanzsektor & Finanzdienstleistungen: Allgemeines
- Sozialwissenschaften
- Soziologie | Soziale Arbeit
- Spezielle Soziologie
- Wirtschaftssoziologie, Arbeitssoziologie, Organisationssoziologie