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Chapter 1. Introduction -- PART 1: NATIONAL PAYMENTS- Chapter 2. Nominal and real money, general equivalent, and value -- Chapter 3. From money as a numéraire to the quantity theory of money -- Chapter 4. Keynes on bank money and the ‘monetary theory of production’ -- Chapter 5. The...
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This book shows that the use of money transforms a market economy into a payment society where production and employment are subordinated to the logic of asset markets. Monetary policy emerged out of private banking business and was always exposed to the risk of losing credibility and...
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the early 21st Century. Inflated examines this apparent conflict and makes the argument that such a world view is so … ingrained in us that to expect the United States to live in a "deflated" world is simply unrealistic. It skillfully seeks to … War -- FDR and the Era of Broken Precedent -- The Seizure of Gold and Dollar Devaluation -- Dollar Devaluation Hurt World …
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I provide a structured comparison of the nineteenth-century classical gold standard and the Euro, basing my analysis heavily on recent research. Both similarities and differences are evident in the historical record. Both regimes were vaunted as engines of convergence, but in both cases...
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Part 1: Purchasing Power Parity: Origin and Use -- Chapter 1: Salamancans and Gerard Malynes -- Chapter 2: Gustav Cassel -- Chapter 3: Purchasing Power Parity in Economic History -- Chapter 4: Afterword to Part I -- Part 2: Purchasing Power Parity: Empirical Studies -- Chapter 5: Absolute and...
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(1919), Keynes analyzes the challenges posed by debt overhangs in the aftermath of World War I and the deflationary strategy …
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