Money, Banking, and the Business Cycle: Volume II: Remedies and Alternative Theories (Hardcover) (ISBN-13: 9781137340771)

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.

Author: B. Simpson
ISBN-10: 1137340770
ISBN-13: 9781137340771
Publisher: Palgrave MacMillan
Language: English
Published: 07/02/2014
Pages: 306
Format: Hardcover
Weight: 1.27lbs
Size: 9.30h x 6.00w x 0.90d