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

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

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This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents.

It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.

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