Money, Banking, and the Business Cycle : Volume II: Remedies and Alternative Theories Hardback
by B. Simpson
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.
- Format: Hardback
- Pages: 306 pages, XI, 306 p.
- Publisher: Palgrave Macmillan
- Publication Date: 02/07/2014
- Category: Banking
- ISBN: 9781137340771
- Paperback / softback from £57.75
- PDF from £62.90