Monetary Economics: An Integrated Approach To Credit, Money, Income, Production And Wealth

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.

• | By (Author): W. Godley
• | Publisher: Palgrave Macmillan
• | Publication Date: Mar 27, 2012
• | Country of Publication: United Kingdom
• | Number of Pages: 530 pages
• | Language: Unknown
• | Binding: Softback
• | ISBN-10: 0230301843
• | ISBN-13: 9780230301849