Description
Book SynopsisIn this book, Sir John Hicks draws together the common threads of over 50 years'' writing on monetary economics into a succint statement of the fundamentals of monetary theory. He also goes beyond this work of synthesis to outline a theory of competitive markets which can be linked to the monetary sector, confronting the failure of both standard classical and neoclassical theory to fill the gap between monetary and non-monetary economics.In reviewing his own work, Hicks explains the way in which economic theory has been adjusted to reflect developments in the real economy. He sees these sometimes major shifts in theory less as the discovery of new truths, and more as the discovery, or rediscovery, of truths which have become more appropriate.
Trade Review'It is a good reminder of how much we have learnt from him.' Times Higher Education Supplement
`magisterial with plentiful supply of new terminology' Economica
clearly destined to take on a special significance to historians of thought as the final contribution of one of the most influential economists of the twentieth century ... The completed volume achieves everything that Hicks' admirers could have hoped for, and represents a remarkable accomplishment for a scholar at the end of a long and uniquely distinguished career spanning more than sixty years.' John N. Smithin, York University, Eastern Economic Journal
Table of ContentsPART I. THE WORKING OF MARKETS; PART II. MONEY AND FINANCE; PART III. PROBLEMS AND POLICIES
