Table of Contents -- Preface -- Introduction -- 1. The Great Divide in Economics -- Part I. The Infirmity of Monetarism -- 2. The Monetarist Theory -- 3. Equilibrium and Historical Time -- 4. The Modus Operandi of Monetarist Theory -- 5. The Cash Transactions Approach to Monetarism -- 6. An...

This instructor's manual complements the textbook "Money: Theory and Practice," which provides an introduction to modern monetary economics for advanced undergraduates, highlighting the lessons learned from the recent financial crisis. The manual provides teachers with exercises and examples...

Introduction: Strange bedfellows and the rise of the modern money theory -- MMT basics and the sustainability of money financed deficits -- Institutional specificity and the limited policy relevance of modern money theory -- The role of the dollar as an international currency and its limits in a...

"Modern economics tantalizes historians, promising them a set of simple verbal and mathematical formulas to explain and even retrospectively predict historical actions and choices. Colin P. Elliott challenges economic historians to rethink the way they use economic theory. Building upon the...

Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The...