Monetary Economics

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  • Monetary Economics Book Detail

  • Author : W. Godley
  • Release Date : 2016-04-30
  • Publisher : Springer
  • Genre : History
  • Pages : 577
  • ISBN 13 : 1137085991
  • File Size : 11,11 MB

Monetary Economics by W. Godley PDF Summary

Book 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.

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