[PDF.22tb] Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

[PDF.um44] Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth

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 | #1135871 in eBooks |  2016-04-30 |  2016-04-30 | File type: PDF

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||8 of 8 people found the following review helpful.| great book (and it is possible to run the simulations without buying any software)|By Stephen Thompson|In this book, the authors develop a new and powerful methodology for macroeconomic modeling, based on a Kaleckian view of how things work. In the models, as in the real world, flow variables (like personal income) generate changes in stock variables (like personal wealth). A| ||'The framework that Godley and Lavoie develop, with a consistent numerical and simulational handle on the various models, is a return to a majestic Wicksellian tradition A whole generation of graduate students have been brought up on policy nihilism, borderin

This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.

You easily download any file type for your device.Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth   |  Godley, Lavoie.Not only was the story interesting, engaging and relatable, it also teaches lessons.

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