Inflation and the Theory of Money

Business & Finance, Economics, Money & Monetary Policy
Cover of the book Inflation and the Theory of Money by R. J. Ball, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: R. J. Ball ISBN: 9781351512558
Publisher: Taylor and Francis Publication: July 12, 2017
Imprint: Routledge Language: English
Author: R. J. Ball
ISBN: 9781351512558
Publisher: Taylor and Francis
Publication: July 12, 2017
Imprint: Routledge
Language: English

Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released "A thoughtful, scholarly, and systematic treatise on the economics of inflation. If this reviewer were asked to hang a course on inflation theory upon one single text, it would almost certainly be this one."

The principal concern of this book is to set out the elements that enter into problems of analyzing inflation. This detailed, readable review of contemporary theory on the problems of inflation fills an important gap in the literature on macro-economics that: 1) assesses the implications of inflationary processes for economic policy; 2) synthesizes a general framework within which to illustrate inflationary processes; 3) reconciles the approaches of "demand inflation" and "cost inflation"; and 4) analyzes the determination and behavior of the general price level in an exchange economy.

The first part of the book reviews neo-classical and "Keynesian" type models of the closed macro-economy, analyzes determination of the general price level, and introduces a restatement of conventional employment theory with emphasis on the general price level.

The second part considers the problems of price and wage determinations and the demand for money in more detail, synthesizing the analyses into a model of the macro-economy and discussing the implications of this model and the preceding analysis for economic policy. Describing alternative approaches to the theory of inflation, each of which has resulted in partial theories, the book avoids fragmentary explanations by setting the entire discussion in the context of a macro-economic general equilibrium framework.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released "A thoughtful, scholarly, and systematic treatise on the economics of inflation. If this reviewer were asked to hang a course on inflation theory upon one single text, it would almost certainly be this one."

The principal concern of this book is to set out the elements that enter into problems of analyzing inflation. This detailed, readable review of contemporary theory on the problems of inflation fills an important gap in the literature on macro-economics that: 1) assesses the implications of inflationary processes for economic policy; 2) synthesizes a general framework within which to illustrate inflationary processes; 3) reconciles the approaches of "demand inflation" and "cost inflation"; and 4) analyzes the determination and behavior of the general price level in an exchange economy.

The first part of the book reviews neo-classical and "Keynesian" type models of the closed macro-economy, analyzes determination of the general price level, and introduces a restatement of conventional employment theory with emphasis on the general price level.

The second part considers the problems of price and wage determinations and the demand for money in more detail, synthesizing the analyses into a model of the macro-economy and discussing the implications of this model and the preceding analysis for economic policy. Describing alternative approaches to the theory of inflation, each of which has resulted in partial theories, the book avoids fragmentary explanations by setting the entire discussion in the context of a macro-economic general equilibrium framework.

More books from Taylor and Francis

Cover of the book Nineteenth-Century Short Stories by Women by R. J. Ball
Cover of the book Who's Who in the New Testament by R. J. Ball
Cover of the book Max Weber by R. J. Ball
Cover of the book Famine and Disease in Ireland, volume III by R. J. Ball
Cover of the book The Routledge Companion to Directors' Shakespeare by R. J. Ball
Cover of the book Volition, Rhetoric, and Emotion in the Work of Pascal by R. J. Ball
Cover of the book Neoliberalism and the Political Economy of Tourism by R. J. Ball
Cover of the book Absolutism in Central Europe by R. J. Ball
Cover of the book Free Will: The Basics by R. J. Ball
Cover of the book Restorative Practices and Bullying by R. J. Ball
Cover of the book The Union for the Mediterranean by R. J. Ball
Cover of the book Governing Masculinities in the Early Modern Period by R. J. Ball
Cover of the book Bridging the Gap by R. J. Ball
Cover of the book The Routledge International Handbook of Teacher and School Development by R. J. Ball
Cover of the book Green Landscapes in the European City, 1750–2010 by R. J. Ball
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy