Monetary economics: an integrated approach to credit, money, income, production and wealth
Auteur :
Godley, W. / Lavoie, M.
Éditeur :
Palgrave Macmillan
ISBN :
9781349352746
Date de publication :
1 janv. 2007
Dimensions :
21,6 x 14,0 cm
Langue :
Anglais
Pays d'origine :
Grande Bretagne
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.