{"product_id":"the-creators-of-inside-money-d-gareth-thomas-9783030079765","title":"The Creators of Inside Money: A New Monetary Theory","description":"\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe book explores the endogenous creators of inside money, the commercial banks, and their key role in igniting the 2007-8 monetary crisis and the aftermath of the Great Recession. This is an area of study overlooked by the traditional approach in the form of neo-classical analysis, a body of theory based on a barter system of exchange. Money has evolved from a construct of barter to become a medium of exchange based on fiat money and loan creation by the banking system, underpinned by legal tender, and therefore, a creature of law. It is not a phenomenon exogenously controlled by the monetary authorities and simply assumed to be a \"veil\" over the real economy, which just determines the absolute price level. \u003c\/p\u003e\u003cp\u003eThis monograph, in the eyes of the student, represents critical thinking and the realization of a more precise formulation of the endogenous money supply with various features systematically added in an attempt to derive a fully dynamic model of the monetary system, which will be straightforward to visualize and contrast with the benchmark approach.\u003cbr\u003e\u003c\/p\u003e\u003cbr\u003e\u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e D. Gareth Thomas\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3030079767\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783030079765\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Palgrave MacMillan\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/10\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 167\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.52lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.27h x 5.83w x 0.41d","brand":"D. Gareth Thomas","offers":[{"title":"Paperback","offer_id":44073513451775,"sku":"9783030079765","price":69.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_15036d72-1613-4681-b8ac-dc37d99b4e2d.jpg?v=1685448263","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-creators-of-inside-money-d-gareth-thomas-9783030079765","provider":"WR Book House","version":"1.0","type":"link"}