Money, Banking, And The Business Cycle: Volume Ii: Remedies And Alternative Theories

The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.

• • Author: B. Simpson
• • Publisher: Palgrave Macmillan
• • Publication Date: Jul 02, 2014
• • Number of Pages: 317 pages
• • Language: English
• • Binding: Hardcover
• • ISBN-10: 1137340770
• • ISBN-13: 9781137340771