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Monetary Economics

By: W. Godley (Author) , M. Lavoie (Author)

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Format: Paperback or Softback

ISBN-13: 9780230301849

Publisher: Palgrave Macmillan

Publication Date: Mar 27th, 2012

Weight: 718 grams

Dimension: 13.80 x 21.60 x 3.10 cms

Category: Monetary economics

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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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