Monetary Economics An Integrated Approach to Credit, Money, Income, Production and Wealth 2nd Edition

Author(s): W. Godley; M. Lavoie
Publisher: Palgrave Macmillan
ISBN: 9780230301849
Edition: 2nd Edition

$39,99

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Description

Description

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.