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 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.

Details

Published by: Palgrave Macmillan

Publication Date: 2007-01-01

Format: Paperback

ISBN-13: 9781349352746

DOI: 10.1057/9780230626546

Dimensions: 216cm x140cm

Pages: 530