Money, Banking, and the Business Cycle: Volume II: Remedies and Alternative Theories

By Brian P. Simpson

Book Overview

The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.

• Format: Hardcover
• Language: English
• ISBN: 1137340770
• ISBN13: 9781137340771
• Release Date: July 2014
• Publisher: Palgrave MacMillan
• Length: 306 Pages
• Weight: 1.27 lbs.
• Dimensions: 0.9" x 6.0" x 9.3"