Description: Development of Monetary Economics : A Modern Perspective on Monetary Controversies, Hardcover by O'Brien, D. P., ISBN 1847202608, ISBN-13 9781847202604, Brand New, Free shipping in the US Long before the talking heads argued monetary economics on Sunday morning television, philosophers and economists have debated about the relationships amongst and between incomes, prices and changes in the money supply, or even if such relationships exist. O'Brien (economics emeritus, U. of Durham) starts with the work of the sixteenth century economics pioneer Bodin, particularly his analysis of inflation, examines John Law's theories about monetary growth and its effects on trade, and describes Locke's take on rates of interest and his critics' take on Locke. He takes on Britich controversies about currency and banking nineteenth century, including issues of monetary base control and the "lender of last resort" concept, and then describes Bagehot's and Joplin's later concepts and models, closing with commentary on the ongoing search for stability. Annotation ©2007 Book News, Inc., Portland, OR ()
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Book Title: Development of Monetary Economics : A Modern Perspective on Monet
Author: O'Brien, D. P.
Language: English
