Monetary Economics – Wynne Godley, Marc Lavoie – 2nd Edition


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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  • Introduction
    Balance Sheets, Transaction Matrices and the Monetary Circuit
    The Simplest Model with Government Money
    Government Money with Portfolio Choice
    Long-term Bonds, Capital Gains and Liquidity Preference
    Introducing the Open Economy
    A Simple Model with Private Bank Money
    Preview Buy Chapter 30,19 €
    Time, Inventories, Profits and Pricing
    A Model with Private Bank Money, Inventories and Inflation
    A Model with both Inside and Outside Money
    A Growth Model Prototype
    A More Advanced Open Economy Model
    General Conclusion
  • Citation
    • Full Title: Monetary Economics
    • Author/s:
    • ISBN-10: 0230301843
    • ISBN-13: 9780230301849
    • Edition: 2nd Edition
    • Publication date: 2012
    • Topic: Business
    • Subtopic: Economy
    • File Type: eBook
    • Idioma: English

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