A Market Theory of Money

Erscheinungsjahr 2017
ISBN: 978-0-19-879623-7
Verlag: Oxford University Press

Buch, Englisch, 152 Seiten, Format (B × H): 139 mm x 217 mm, Gewicht: 204 g

In this book, Sir John Hicks draws together the common threads of over 50 years' writing on monetary economics into a succint statement of the fundamentals of monetary theory. He also goes beyond this work of synthesis to outline a theory of competitive markets which can be linked to the monetary sector, confronting the failure of both standard classical and neoclassical theory to fill the gap between monetary and non-monetary economics.

In reviewing his own work, Hicks explains the way in which economic theory has been adjusted to reflect developments in the real economy. He sees these sometimes major shifts in theory less as the discovery of new truths, and more as the discovery, or rediscovery, of truths which have become more appropriate.

Autoren/Hrsg.

Hicks, John

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Arbeitsmarkt
• Wirtschaftswissenschaften Volkswirtschaftslehre Öffentliche Finanzwirtschaft, Besteuerung
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft

Inhaltsverzeichnis

- Introduction

- Part I. The Working of Markets

- 1: Suppy and Demand?

- 2: The Function of Speculation

- 3: The Pricing of Manufactures

- 4: The Labour Market

- Part II. Money and Finance

- 5: The Nature of Money

- 6: The Market Makes its Money

- 7: Banks and Bank Money

- 8: Choice among Assets

- 9: Theories of Interest: Keynes versus Marshall

- 10: Markets in Equities: Ownership and Control

- Part III. Problems and Policies

- 11: The Old Trade Cycle

- 12: The Credit Economy: Wicksell

- 13: Interest and Investment

- 14: An Intetrnational Economy

- 15: What is Bad about Inflation?

- Appendix: Risk and Uncertainty

Über Autor(innen)

Sir John Hicks, late Drummond Professor of Political Economy, University of Oxford