Reflections on Monetarism

Reflections on Monetarism
Author: Tim Congdon
Publisher: Edward Elgar Publishing
Total Pages: 328
Release: 1992
Genre: Business & Economics
ISBN:

Offers two theses - first, on why the rise of a monetarist approach to economic policy in Britain in the 1970s enabled the Thatcher government's success in reducing inflation in the 1980s and the second, on how the abandonment of them in the mid-1980s led to inflation in the late 1980s.

REFLECTIONS ON MONETARISM

REFLECTIONS ON MONETARISM
Author: Tim Congdon
Publisher: Edward Elgar Publishing
Total Pages: 304
Release: 1992
Genre: Business & Economics
ISBN: 1788970705

The last 20 years have seen severe macroeconomic instability in Britain, with three extreme and highly damaging boom-bust cycles. Professor Tim Congdon, one of the City's most well-known commentators, has been an influential critic of successive governments' failures in economic policy throughout this period. Reflections on Monetarism brings together his most important academic papers and journalism, including his remarkably prescient series of articles in The Times from 1985 to 1988 forecasting that the Lawson credit boom would wreck the Thatcher Government's reputation for sound financial management. He presents a powerful argument that the root cause of Britain's economic instability has been the volatile growth of credit and the money supply.

Keynes, the Keynesians and Monetarism

Keynes, the Keynesians and Monetarism
Author: Tim Congdon
Publisher: Edward Elgar Pub
Total Pages: 339
Release: 2008
Genre: Business & Economics
ISBN: 9781848442399

'In the context of the current economic climate, this volume provides an excellent opportunity for reappraising the arguments on both sides of the debate. . . the importance of this volume is that it provides the interested reader with an excellent summary of the monetarist position prior to the current crisis.' - Economic Outlook and Business Review

Reflections on the Development of Modern Macroeconomics

Reflections on the Development of Modern Macroeconomics
Author: Brian Snowdon
Publisher: Edward Elgar Publishing
Total Pages: 258
Release: 1997-01-01
Genre: Business & Economics
ISBN: 1781008493

This is a collection of essays on the development of modern macroeconomics. It reflects the profound and controversial changes that the subject has undergone in the period 1974 to 1999. Each of the eight essays focuses on an important issue relating to those changes.

Monetarist Economics

Monetarist Economics
Author: Milton Friedman
Publisher: Wiley-Blackwell
Total Pages: 188
Release: 1991-01
Genre: Business & Economics
ISBN: 9780631171119

A Monetary History of the United States, 1867-1960

A Monetary History of the United States, 1867-1960
Author: Milton Friedman
Publisher: Princeton University Press
Total Pages: 889
Release: 2008-09-02
Genre: Business & Economics
ISBN: 140082933X

“Magisterial. . . . The direct and indirect influence of the Monetary History would be difficult to overstate.”—Ben S. Bernanke, Nobel Prize–winning economist and former chair of the U.S. Federal Reserve From Nobel Prize–winning economist Milton Friedman and his celebrated colleague Anna Jacobson Schwartz, one of the most important economics books of the twentieth century—the landmark work that rewrote the story of the Great Depression and the understanding of monetary policy Milton Friedman and Anna Jacobson Schwartz’s A Monetary History of the United States, 1867–1960 is one of the most influential economics books of the twentieth century. A landmark achievement, it marshaled massive historical data and sharp analytics to argue that monetary policy—steady control of the money supply—matters profoundly in the management of the nation’s economy, especially in navigating serious economic fluctuations. One of the book’s most important chapters, “The Great Contraction, 1929–33” addressed the central economic event of the twentieth century, the Great Depression. Friedman and Schwartz argued that the Federal Reserve could have stemmed the severity of the Depression, but failed to exercise its role of managing the monetary system and countering banking panics. The book served as a clarion call to the monetarist school of thought by emphasizing the importance of the money supply in the functioning of the economy—an idea that has come to shape the actions of central banks worldwide.

Money Mischief

Money Mischief
Author: Milton Friedman
Publisher: HMH
Total Pages: 303
Release: 1994-03-31
Genre: Business & Economics
ISBN: 0547542224

The Nobel Prize–winning economist explains how value is created, and how that affects everything from your paycheck to global markets. In this “lively, enlightening introduction to monetary history” (Kirkus Reviews), one of the leading figures of the Chicago school of economics that rejected the theories of John Maynard Keynes offers a journey through history to illustrate the importance of understanding monetary economics, and how monetary theory can ignite or deepen inflation. With anecdotes revealing the far-reaching consequences of seemingly minor events—for example, how two obscure Scottish chemists destroyed the presidential prospects of William Jennings Bryan, and how FDR’s domestic politics helped communism triumph in China—as well as plain-English explanations of what the monetary system in the United States means for your personal finances and for everyone from the small business owner on Main Street to the banker on Wall Street, Money Mischief is an enlightening read from the author of Capitalism and Freedom and Free to Choose, who was called “the most influential economist of the second half of the twentieth century” by the Economist.

A Concise History of Economic Thought

A Concise History of Economic Thought
Author: G. Vaggi
Publisher: Springer
Total Pages: 340
Release: 2016-01-08
Genre: Business & Economics
ISBN: 0230505805

This book presents a brief history of economic thought from the 17th century to the present day. Each chapter examines the key contributions of a major economist or group of economists and includes suggestions for further reading. Economists covered include Keynes, Marshall, Petty and Jevons, and less familiar theorists such as Galiani and Turgot.

Interest and Prices

Interest and Prices
Author: Michael Woodford
Publisher: Princeton University Press
Total Pages: 805
Release: 2011-12-12
Genre: Business & Economics
ISBN: 1400830168

With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.

The Global Curse of the Federal Reserve

The Global Curse of the Federal Reserve
Author: B. Brown
Publisher: Palgrave Macmillan
Total Pages: 188
Release: 2011-01-01
Genre: Political Science
ISBN: 9781349331451

The book reveals how the Global Credit Bubble and Bust of 2003-10 stemmed from giant monetary disequilibrium created by the Federal Reserve. Almost continually that institution has pursued flawed monetary practice and principle which has mutated into Bernanke-ism. The book dissects this and shows how it threatens the return of economic prosperity.