The State, the Market and the Euro
Chartalism Versus Metallism in the Theory of Money
RRP $162 $112 Save $50.00 (31%)
Free shipping Australia wide
Ships from UK supplier
|Format:||Hardback, 192 pages|
|Other Information: ||figs.tabs.|
|Published In: ||United Kingdom, 27 March 2003|
Is the theory of money that underlies most modern macroeconomics well-grounded? What determines the value of a currency, and how is the state's power over its currency related to its ability to stabilize prices and employment? Charles Goodhart's classic paper "The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas" which first raised these questions is reprinted here, and the distinguished authors expand its line of argument and comment on its central themes. The issues discussed are of fundamental importance in contemporary monetary theory and policy.
Table of Contents
The two concepts of money - implications for the analysis of optimal currency areas; Mr Goodhart and the EMU; the creditary / monetarist debate in historical perspective; some limitations of the chartalist perspective - a comment on "the two concepts of money"; the neo-chartalist approach to money; nominal money, real money and stabilization; money as a social institution - a heterodox view of the euro; neglected costs of monetary union - the loss of sovereignty in the sphere of public policy.
|Publisher: ||Edward Elgar Publishing Ltd|
|Dimensions: ||23.0 x 15.0 centimeters (0.46 kg)|