Money, Banking, And The Business Cycle, Volume I: Integrating Theory And Practice Hardcover

India

Brian P. Simpson

Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume I bridges tough economic theory with empirical evidence.

1137335319

9781137335319

English

Palgrave MacMillan

16 Apr 2014

278

Brian P. Simpson is Professor and Economist at National University, USA.

This two-volume work updates and extends the business cycle analysis inaugurated by Mises and Hayek. Particularly noteworthy are its incorporation of an aggregate economic accounting framework beyond GDP, its critique of so-called real business cycle theory, and its support of a 100-percent-reserve gold standard, which, it argues, would end the business cycle and, in the absence of government intervention, would come into being simply on the basis of free competition, without being required by law. - George Reisman, author of Capitalism: A Treatise on Economics; Professor Emeritus of Economics, Pepperdine University, USA