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

by Marc Lavoie (Author), WynneA.H.Godley (Author)

• New

  Hardcover
  2006

  $205.69

  This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.