Reprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses explorations in the fundamental theory of a monetary economy, a theoretical critique of the ‘Phillips Curve’ approach to the theory of inflation and the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman.
Author(s): Harry G. Johnson
Series: Collected Works of Harry G. Johnson, 3
Publisher: Routledge
Year: 2022
Language: English
Pages: 340
City: London
Cover
Half Title
Title Page
Copyright Page
Original Title Page
Original Copyright Page
INTRODUCTION TO SECOND EDITION
PREFACE
Table of Contents
PART ONE: MONETARY THEORY
I. Monetary Theory and Policy
II. Recent Developments in Monetary Theory
III. A Survey of Theories of Inflation
IV. Money in a Neo-Classical One-Sector Growth Model
V. Notes on the Theory of Transactions Demand for Cash
APPENDIX TO CHAPTER V
A Practical Application
PART TWO: MONETARY AND FISCAL POLICY ISSUES IN NORTH AMERICA
VI. Alternative Guiding Principles for Monetary Policy in Canada
VII. Major Issues in Monetary and Fiscal Policy in the United States
PART THREE: MONETARY AND FISCAL PROBLEMS OF DEVELOPING COUNTRIES
VIII. Fiscal Policy and the Balance of Payments in a Growing Economy
IX. Is Inflation the Inevitable Price of Rapid Development or a Retarding Factor in Economic Growth?
X. International Monetary Reform and the Less Developed Countries
APPENDIX TO CHAPTER X
Mathematical Appendix on Commodity Reserve Money
INDEX
