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
Published: 07/02/2014
Pages: 306
Binding Type: Hardcover
Weight: 1.27lbs
Size: 9.30h x 6.00w x 0.90d
ISBN: 9781137340771

About the Author
Brian P. Simpson is Professor and Economist at National University, USA.