Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

By Marc Lavoie, Wynne Godley, M. Lavoie

Book Overview

This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.

• Format: Paperback
• Language: English
• ISBN: 1349352748
• ISBN13: 9781349352746
• Release Date: January 2007
• Publisher: Palgrave MacMillan
• Length: 530 Pages
• Weight: 1.45 lbs.
• Dimensions: 1.2" x 5.5" x 8.5"