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

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

    Posted By: tot167
    Date: 12 Mar 2008 15:43:00
    Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

    Wynne Godley, Marc Lavoie “Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth"
    Palgrave Macmillan | 2007-02-01 | ISBN:0230500552 | PDF | 576 pages | 1,6 Mb

    This book challenges the mainstream paradigm, which is based on the inter-temporal optimisation of welfare by individual agents, and introduces a new methodology for studying how it is institutions which create flows of income, expenditure and production together with stocks of assets (including money) and liabilities evolve through time


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