Theory of Money and Credit The

One of the cornerstone texts emerging from the Austrian School of Economics, von Mises describes the origin of money, the development and nature of banking, the cause and consequences of inflation and credit expansion, the differences in ...

Theory of Money and Credit  The

Author:

Publisher: Ludwig von Mises Institute

ISBN: 1610163222

Page:

View: 994

Credit and State Theories of Money

In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money.

Credit and State Theories of Money

Author: L. Randall Wray

Publisher: Edward Elgar Publishing

ISBN: 9781843769842

Page: 271

View: 786

In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted and analyzed here for the first time.

The Theory of Money and Credit

In 1912, when Mises, at age thirty-one, wrote this landmark book, no monetary theory could be described as both securely founded on economic reality and properly incorporated into an analysis of the entire economic system.

The Theory of Money and Credit

Author: Ludwig Von Mises

Publisher: Liberty Fund

ISBN:

Page: 541

View: 609

In 1912, when Mises, at age thirty-one, wrote this landmark book, no monetary theory could be described as both securely founded on economic reality and properly incorporated into an analysis of the entire economic system. "The Theory of Money and Credit" opened new vistas. It integrated monetary theory into the main body of economic analysis for the first time, providing fresh new insights into the nature of money and its role in the economy. As the well-known "Austrian" economist Rothbard writes in his new foreword: "This book performed the mighty feat of integrating monetary with micro theory, of building monetary theory upon the individualistic foundations of general economic analysis."

Rethinking the Theory of Money Credit and Macroeconomics

This book is the definitive scholarly work on money, credit and macroeconomics for the twenty-first century.

Rethinking the Theory of Money  Credit  and Macroeconomics

Author: John Smithin

Publisher: Rowman & Littlefield

ISBN: 1498542824

Page: 258

View: 944

This book is the definitive scholarly work on money, credit and macroeconomics for the twenty-first century. Nine decades ago Keynes claimed to be writing a work that would “largely revolutionize the way the world thinks about economic problems”. This is a modern day attempt with the same purpose.

Modern Theories of Money

'This is a timely book. Being on modern theories of money - essentially the study of traditions of endogenous money - it is a welcome contribution to current thinking on monetary policy.

Modern Theories of Money

Author: Louis-Philippe Rochon

Publisher: Edward Elgar Publishing

ISBN: 9781781008416

Page: 588

View: 995

'This is a timely book. Being on modern theories of money - essentially the study of traditions of endogenous money - it is a welcome contribution to current thinking on monetary policy. The modern central bank view on money is that the rate of interest should be manipulated by central banks to achieve an inflation target with the money supply being the "residual". Although money is in effect endogenous, there is no theory that explains its behaviour. Modern Theories of Money is a serious attempt to sharpen existing views on the issue and fill gaps in an admirable manner.' - Philip Arestis, University of Cambridge, UK and Levy Economics Institute, US This book unites diverse heterodox traditions in the study of endogenous money - which until now have been confined to their own academic quarters - and explores their similarities and differences from both sides of the Atlantic. Bringing together perspectives from post-Keynesians, Circuitists and the Dijon School, the book continues the tradition of Keynes's and Kalecki's analysis of a monetary production economy, emphasising the similarities between the various approaches, and expanding the analytical breadth of the theory of endogenous money. The authors open new avenues for monetary research in order to fuel a renewed interest in the nature and role of money in capitalist economies, which is, the authors argue, one of the most controversial, and therefore fascinating, areas of economics.

Effects of the War on Money Credit and Banking on France and the United States

For detailed discussion and defense of the theory underlying the present chapter,
the reader is referred to the writer's Value of Money. * I am informed by a careful
student in the Bureau of Labor Statistics, who has watched in detail the ...

Effects of the War on Money  Credit and Banking on France and the United States

Author: Benjamin McAlester Anderson

Publisher: Salzwasser-Verlag Gmbh

ISBN: 3846046795

Page: 240

View: 149

Reprint of the original, first published in 1919.

The Theory of Money and Financial Institutions

This second volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores the new economic features that arise when we consider multi-period finite and infinite horizon economies.

The Theory of Money and Financial Institutions

Author: Martin Shubik

Publisher: MIT Press

ISBN: 9780262693127

Page: 372

View: 955

This second volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. This is the second volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics" -- a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

On the Manipulation of Money and Credit

As a precursor to Human Action, Mises's magnum opus, this volume includes some of his most important contributions to trade-cycle theory.

On the Manipulation of Money and Credit

Author: Ludwig Von Mises

Publisher:

ISBN: 9780865977617

Page: 202

View: 944

The three treatises in On the Manipulation of Money and Credit were written in German between 1923 and 1931. Together they include some of Mises's most important contributions to monetary and trade-cycle theories and constitute a precursor to Mises's major work, Human Action. In the first essay, "Stabilization of the Monetary Unit from the Viewpoint of Theory," written during the period of German hyperinflation, Mises discusses the consequences of the fluctuating purchasing power of paper money. He explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government. The second essay, "Monetary Stabilization and Cyclical Policy," written in 1928, presents Mises's business-cycle theory. Published on the eve of the Great Depression, the treatise critiques schemes for stabilizing prices and for "measuring" purchasing power. The third piece, "The Causes of the Economic Crisis," is a speech Mises delivered in 1931 exploring the nature and role of the market and cyclical changes in business conditions. He assesses the causes and effects of the crisis of the time and discusses various potential solutions to the problems of the Depression. Ludwig von Mises (1881-1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. He earned his doctorate in law and economics from the University of Vienna in 1906. In 1926, Mises founded the Austrian Institute for Business Cycle Research. From 1909 to 1934, he was an economist for the Vienna Chamber of Commerce. Before the Anschluss, in 1934 Mises left for Geneva, where he was a professor at the Graduate Institute of International Studies until 1940, when he emigrated to New York City. From 1948 to 1969, he was a visiting professor at New York University. Bettina Bien Greaves is a former resident scholar, trustee, and longtime staff member of the Foundation for Economic Education. She has written and lectured extensively on topics of free market economics. Her articles have appeared in such journals as Human Events, Reason, and The Freeman: Ideas on Liberty. A student of Mises, Greaves has become an expert on his work in particular and that of the Austrian School of economics in general. She has translated several Mises monographs, compiled an annotated bibliography of his work, and edited collections of papers by Mises and other members of the Austrian School.

Money Financial Institutions and Macroeconomics

The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy; Part II explores alternative views on money and credit; Part III deals with monetary policy issues in North America; and Part IV ...

Money  Financial Institutions and Macroeconomics

Author: Avi Cohen

Publisher: Springer Science & Business Media

ISBN: 9401153620

Page: 298

View: 268

Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The main emphasis is on views stressing the importance of credit creation in the monetary process, in a tradition which arguably encompasses Wicksell, the later Swedes and the Austrians, through the later Hicks, the circuit school and contemporary post-Keynesians. In addition, however, there are distinguished contributions from economists with a more `mainstream' approach to the issues. The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy; Part II explores alternative views on money and credit; Part III deals with monetary policy issues in North America; and Part IV discusses monetary policy issues in Europe. `Taken together, the contributions to this volume certainly bear out Hick's famous adage about the much closer relationship between `monetary theory' and `monetary history' than is the case in other branches of economic thought.'

Profiting Without Producing

All credit has monetary foundations, but these differ between its trade and
monetary forms. ... relationship in neoclassical theory Mainstream economics
focuses overwhelmingly on monetary credit and assigns a secondary role to
trade credit; ...

Profiting Without Producing

Author: Costas Lapavitsas

Publisher: Verso Books

ISBN: 1781682461

Page: 393

View: 105

Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.

The Quantity Theory of Money

Edward Elgar ) . Niehans , J . ( 1978 ) The Theory of Money ( Baltimore , Md :
Johns Hopkins University Press ) . — ( 1987 ) ' Classical monetary theory , new
and old ' , Journal of Money , Credit and Banking , 19 ( 4 ) : 409 – 24 . O ' Brien , D
. P ...

The Quantity Theory of Money

Author: Mark Blaug

Publisher: Edward Elgar Pub

ISBN:

Page: 139

View: 213

Essays discuss the quantity theory of money, its development and its continuing relevance for contemporay economics

The Budget Theory of Money

not even lend out the money in cash , they can just open an account for the
borrower , enabling him to draw cheques up to a certain ... The bank can give
more credit , if it keeps the cash , but opens accounts to borrowers up to £ 90,000
.

The Budget Theory of Money

Author: H. W. J. Wijnholds

Publisher:

ISBN:

Page: 227

View: 401