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Money and Value

By: Jean-Michel (Centre d'Etudes Prospectives d'Economie Mathematique Appliquees a la Planification) Grandmont (Author)

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Ksh 9,850.00

Format: Paperback or Softback

ISBN-13: 9780521313643

Publisher: Cambridge University Press

Publication Date: Sep 13th, 1985

Weight: 320 grams

Dimension: 22.90 x 15.20 x 1.20 cms

Category: Monetary economics

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This book addresses one of the major theoretical issues that underlies, implicitly or explicitly, some recurrent controversies in macroeconomics - namely, whether a competitive monetary economy has built-in mechanisms that are strong enough to remove excess demands and supplies on all markets, through an automatic adjustment of the price system.

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