Description

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.

Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

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Paperback / softback by W. Godley , M. Lavoie

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This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology... Read more

    Publisher: Palgrave Macmillan
    Publication Date: 27/03/2012
    ISBN13: 9780230301849, 978-0230301849
    ISBN10: 0230301843

    Number of Pages: 530

    Non Fiction , History

    Description

    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.

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