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 institutions 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: 0230301843
• ISBN13: 9780230301849
• Release Date: March 2012
• Publisher: Palgrave MacMillan
• Length: 530 Pages
• Weight: 1.56 lbs.
• Dimensions: 1.3" x 5.4" x 8.3"