The Theory of Money and Credit
Author: Ludwig Von Mises
Publisher: Ludwig von Mises Institute
Published: 1953
Total Pages: 507
ISBN-13: 1610163222
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Credit and State Theories of Money
Author: L. Randall Wray
Publisher: Edward Elgar Publishing
Published: 2004-01-01
Total Pages: 296
ISBN-13: 9781843769842
DOWNLOAD EBOOKIn 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 Credit Theory of Money
Author: Alfred Mitchell-Innes
Publisher:
Published: 1914
Total Pages: 48
ISBN-13: 9781646793631
DOWNLOAD EBOOK"[What is Money? and The Credit Theory of Money is] the best pair of articles on the nature of money written in the twentieth century." -L. Randall Wray, professor of Economics, Bard College (2004) The Credit Theory of Money (1914) is one of two important articles written by British economist Alfred Mitchell-Innes about money and credit. Together with Mitchell-Innes' other article, What is Money? (also available from Cosimo Classics), it influenced Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending. The Credit Theory of Money is essential reading for students of monetary theories and economic history.
Credit and Creed
Author: Andreas Rahmatian
Publisher: Routledge
Published: 2019-10-28
Total Pages: 275
ISBN-13: 0429594844
DOWNLOAD EBOOKMoney is a legal institution with principal economic and sociological consequences. Money is a debt, because that is how it is conceptualised and comes into existence: as circulating credit – if viewed from the creditor’s perspective – or, from the debtor’s viewpoint, as debt. This book presents a legal theory of money, based on the concept of dematerialised property. It describes the money creation or money supply process for cash and for bank money, and looks at modern forms of money, such as cryptocurrencies. It also shows why mainstream economics presupposes, but avoids an analysis of, money by effectively eliminating money from the microeconomic market model and declaring it as merely a neutral medium of exchange and unit of account. The book explains that money rather brings about and influences substantially the exchange or transaction it is supposed to facilitate only as a neutral medium. As the most liquid of all assets, money enables financialisation, monetisation and commodification in the economy. The central role of the banks in the money creation process and in the economy, and their strengthened position after the bank rescue measures in the wake of the financial crisis 2008-9 are also discussed. Providing a rigorous analysis of the most salient legal issues regarding money, this book will appeal to legal theorists, economists and anyone working in commercial or banking law.
Rethinking the Theory of Money, Credit, and Macroeconomics
Author: John Smithin
Publisher: Rowman & Littlefield
Published: 2018-09-15
Total Pages: 258
ISBN-13: 1498542824
DOWNLOAD EBOOKThis book provides a comprehensive re-working of the basic principles of monetary macroeconomics in an alternative monetary model (AMM) of economic growth, the business cycle, inflation and income distribution. These principles differ considerably from those advanced in the standard macroeconomics literature and in textbooks. However, the latter have been demonstrably unsuccessful in the promotion of usable macroeconomic policy advice for the past several years, actually decades. A different approach is needed. In particular, the new approach takes seriously the vital role of credit creation and endogenous money in capitalism. It does not imagine that all of the difficult questions of economic policy-making may be resolved within a paradigm that conceptualizes economic activity as merely a question of barter exchange. The result is a blueprint for a set of growth-friendly macroeconomic policies which will promote full employment, financial stability and higher real wages – essentially for the benefit of the long-suffering middle and working classes rather for the chamber of commerce and financial interests.
Theory of Money and Credit Study Guide, The
Author:
Publisher: Ludwig von Mises Institute
Published:
Total Pages: 265
ISBN-13: 1610163311
DOWNLOAD EBOOKMoney, Bank Credit, and Economic Cycles
Author: Jesús Huerta de Soto
Publisher: Ludwig von Mises Institute
Published: 2006
Total Pages: 938
ISBN-13: 1610163885
DOWNLOAD EBOOKMoney and Credit
Author: Liang Wang
Publisher: International Monetary Fund
Published: 2017-01-27
Total Pages: 54
ISBN-13: 1475572336
DOWNLOAD EBOOKWe develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs). Frictions that make the choice of payment method interesting also imply equilibrium price dispersion. We deliver closed-form solutions for money demand. We then show the model can simultaneously account for the price-change facts, cash-credit shares in micro payment data, and money-interest correlations in macro data. We analyze the effects of inflation on welfare, price dispersion and markups. We also describe nonstationary equilibria as self-fulfilling prophecies, which is standard, except here it entails dynamics in the price distribution.
Modern Money Theory
Author: L. Randall Wray
Publisher: Springer
Published: 2015-09-22
Total Pages: 322
ISBN-13: 1137539925
DOWNLOAD EBOOKThis second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
General Theory Of Employment , Interest And Money
Author: John Maynard Keynes
Publisher: Atlantic Publishers & Dist
Published: 2016-04
Total Pages: 410
ISBN-13: 9788126905911
DOWNLOAD EBOOKJohn Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning
