Monetary Theory - Hardcover

Rabin, Alan A.

Hardcover

ISBN 10: 1840647442 ISBN 13: 9781840647440

Publisher: Edward Elgar Publishing, 2004

Synopsis

Primarily basing his work on the theories of economist Leland Yeager, Rabin (economics, U. of Tennessee) presents a "hybrid of treatise and graduate textbook" that concentrates on the fundamentals of monetary-disequilibrium theory and orthodox monetarism. He also reviews the new Keynesian economics and new classical macroeconomics, finding them wanting in comparison to monetary disequilibrium theory. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)

About this title

About the Author:

Alan A. Rabin, Professor of Economics, University of Tennessee, Chattanooga

Review:

`This is a valuable and scholarly contribution to modern monetary theory. It keeps alive the ideas of monetary disequilibrium proposed by such writers as Clower, Leijonhufvud, Yeager and Laidler. While so much of monetary theory has focused on aggregate issues of how national income and the rate of inflation are determined, making use of large scale general equilibrium models, this work aims at the more fundamental question of how monetary factors facilitate the realization of gains from trade at the micro level, how they affect adjustment processes that work in individual markets, and how the interaction between these individual adjustment processes determines the performance of the overall economic system. The book is definitely worth the attention of any serious student of money.' -- Peter Howitt, Brown University, US

About this edition

• Publisher: Edward Elgar Publishing
• Publication date: 2004
• ISBN 10: 1840647442
• ISBN 13: 9781840647440
• Binding: Hardcover
• Number of pages: 328