Money, Banking, and the Business Cycle
Volume II: Remedies and Alternative Theories
Business & Finance, Finance & Investing, Corporate Finance, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
| Author: | B. Simpson | ISBN: | 9781137336569 |
| Publisher: | Palgrave Macmillan US | Publication: | July 2, 2014 |
| Imprint: | Palgrave Macmillan | Language: | English |
| Author: | B. Simpson |
| ISBN: | 9781137336569 |
| Publisher: | Palgrave Macmillan US |
| Publication: | July 2, 2014 |
| Imprint: | Palgrave Macmillan |
| Language: | English |
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.
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.
