How Credit-money Shapes the Economy: The United States in a Global System (Columbia University Seminar)

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9781563241000: How Credit-money Shapes the Economy: The United States in a Global System (Columbia University Seminar)

This text examines money, credit, and economic activity in the increasingly integrated global economy. It focuses on the problems afflicting the United States as it adapts to the transformation of the world economy.

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Guttmann (economics, Hofstra Univ.) examines the history and current policies governing the international monetary system, particularly as they relate to U.S. policy. He makes a well-reasoned case for his admittedly unorthodox views on the reactionary nature of the international markets and on the need for strong government intervention to counter potentially disruptive tendencies. Keynesians will take exception with his conclusions, of course; but the breadth and rigor of Guttmann's scholarship demands serious consideration. Students and interested general readers will find useful introductory material in the opening chapters. Recommended for all economics collections.
A.G. Wright, Harvard Coll. Lib., Cambridge, Mass.
Copyright 1994 Reed Business Information, Inc.

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