Monetary Theory and Policy from Hume and Smith to Wicksell
Monetary Theory and Policy from Hume and Smith to Wicksell

Author: Arie Arnon

Publisher: Cambridge University Press

Published: 2010-11-22

Total Pages: 449

ISBN-13: 113949208X

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This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output and accumulation of wealth; and finally, what they thought about monetary policy.

The Tyranny of Nations
The Tyranny of Nations

Author: Palak Patel

Publisher: Bifocal

Published: 2021-05-24

Total Pages: 300

ISBN-13: 1736603930

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The Tyranny of Nations places the ground-shaking political and economic events of modern times in context. Palak Patel draws on his experience investing in government bond markets to demonstrate how the present fits a specific historical pattern that has defined the past 500 years. Modern-day trade liberalization and financial expansion all share distinct parallels with similar events in the 1600s and 1800s. Likewise, China's economic trajectory matches that of 19th-century Prussia and 17th-century France. And a certain British Prime Minister, foreshadowing Donald Trump's populism 150 years later, launched a similar attack on globalization after the financial crisis of 1866. In The Tyranny of Nations, there are no "isms"-no capitalism, socialism, or feudalism-but instead, only privileged interests vying for power. Challenging both the mainstream and its critics, Palak Patel shows how an endless cycle of cooperation and conflict between nations drives societal change. This unique perspective on the intersection of macroeconomics, history, and politics offers the reader a compass for navigating the future.

The Review of Economics and Statistics
The Review of Economics and Statistics

Author:

Publisher:

Published: 1919

Total Pages: 346

ISBN-13:

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The purpose of the Review is to promote the collection, criticism, and interpretation of economic statistics, with a view to making them more accurate and valuable than they are at present for business and scientific purposes.