| Description |
1 online resource (viii, 260 pages) : illustrations |
| Contents |
A statement of problem -- The theory of the demand for money -- A theory of the supply of money -- The quantity theory of money -- Inflation without a quantity of money : the Wicksellian approach -- Technological risk and the social function of real debt -- Monetary risk and the social function of money debt -- The quantity theory in a risky world -- Wicksellianism in a risky world -- The cost of inflation as moneylessness -- The cost of inflation as creditlessness -- A summarization of results |
| Summary |
The book begins by securing the Quantity Theory of Money from certain critiques. The theory is defended from the f̀iscal theory of the price level' by a refinement of the theory of money demand, and from post Keynesianism by the construction of a theory of the supply of inside money. To cope with the endogeneity of outside money, a simple and tractable neo-Wicksellian theory of inflation is advanced, which is shown to exhibit a striking homology with the Quantity Theory. The author then traces the costliness of inflation, not to any disturbance of the money market, but to the damage inflation |
| Bibliography |
Includes bibliographical references (pages 254-255) and index |
| Notes |
Print version record |
| Subject |
Money.
|
|
Inflation (Finance)
|
|
Quantity theory of money.
|
|
Risk.
|
|
BUSINESS & ECONOMICS -- Inflation.
|
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Inflation (Finance)
|
|
Money
|
|
Quantity theory of money
|
|
Risk
|
| Form |
Electronic book
|
| ISBN |
9781847204189 |
|
184720418X |
|
1283219336 |
|
9781283219334 |
|
