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

Godley, W.; Lavoie, M.

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.

Details

Published by: Palgrave Macmillan

Publication Date: 2012-03-27

Format: Paperback

ISBN-13: 9780230301849

DOI: 10.1007/978-1-137-08599-3

Dimensions: 216cm x140cm

Pages: 530