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Author : Ludwig Von Mises
Publisher : Ludwig von Mises Institute
Page : 507 pages
File Size : 54,8 Mb
Release : 1953
Category : Credit
ISBN : 9781610163224
Author : L. Randall Wray
Publisher : Edward Elgar Publishing
Page : 296 pages
File Size : 52,6 Mb
Release : 2004-01-01
Category : Business & Economics
ISBN : 1843769840
In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted and analyzed here for the first time.
Author : Andreas Rahmatian
Publisher : Routledge
Page : 260 pages
File Size : 47,9 Mb
Release : 2019-10-28
Category : Law
ISBN : 9780429594847
Money is a legal institution with principal economic and sociological consequences. Money is a debt, because that is how it is conceptualised and comes into existence: as circulating credit – if viewed from the creditor’s perspective – or, from the debtor’s viewpoint, as debt. This book presents a legal theory of money, based on the concept of dematerialised property. It describes the money creation or money supply process for cash and for bank money, and looks at modern forms of money, such as cryptocurrencies. It also shows why mainstream economics presupposes, but avoids an analysis of, money by effectively eliminating money from the microeconomic market model and declaring it as merely a neutral medium of exchange and unit of account. The book explains that money rather brings about and influences substantially the exchange or transaction it is supposed to facilitate only as a neutral medium. As the most liquid of all assets, money enables financialisation, monetisation and commodification in the economy. The central role of the banks in the money creation process and in the economy, and their strengthened position after the bank rescue measures in the wake of the financial crisis 2008-9 are also discussed. Providing a rigorous analysis of the most salient legal issues regarding money, this book will appeal to legal theorists, economists and anyone working in commercial or banking law.
Author : Anonim
Publisher : Ludwig von Mises Institute
Page : 265 pages
File Size : 52,6 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9781610163316
Author : Charles Rist
Publisher : Routledge
Page : 571 pages
File Size : 43,6 Mb
Release : 2016-11-10
Category : Business & Economics
ISBN : 9781315440941
Originally published in 1940, this book traces the development of theories concerning currency and credit from the beginning of the eighteenth century to the middle of the twentieth. It provides a comprehensive account of the political and economic conditions in which the theories and controversies arose, with the result that the work has become a classic in its field.
Author : Alain Parguez,Seccareccia, Mario,University of Ottawa. Department of Economics
Publisher : Department of Economics, University of Ottawa = Dép. de science économique, Univeristé d'Ottawa
Page : 30 pages
File Size : 50,6 Mb
Release : 1999
Category : Credit control
ISBN : 0889272700
Author : Alfred Mitchell-Innes
Publisher : Unknown
Page : 48 pages
File Size : 46,5 Mb
Release : 1914
Category : Electronic
ISBN : 1646793633
"[What is Money? and The Credit Theory of Money is] the best pair of articles on the nature of money written in the twentieth century." -L. Randall Wray, professor of Economics, Bard College (2004) The Credit Theory of Money (1914) is one of two important articles written by British economist Alfred Mitchell-Innes about money and credit. Together with Mitchell-Innes' other article, What is Money? (also available from Cosimo Classics), it influenced Modern Monetary Theory, which states that governments can print as much money as they need without having to borrow or tax to finance spending. The Credit Theory of Money is essential reading for students of monetary theories and economic history.
Author : Liang Wang,Randall Wright,Lucy Qian Liu
Publisher : International Monetary Fund
Page : 54 pages
File Size : 51,9 Mb
Release : 2017-01-27
Category : Business & Economics
ISBN : 9781475572339
We develop a theory of money and credit as competing payment instruments, then put it to work in applications. Buyers can use cash or credit, with the former (latter) subject to the inflation tax (transaction costs). Frictions that make the choice of payment method interesting also imply equilibrium price dispersion. We deliver closed-form solutions for money demand. We then show the model can simultaneously account for the price-change facts, cash-credit shares in micro payment data, and money-interest correlations in macro data. We analyze the effects of inflation on welfare, price dispersion and markups. We also describe nonstationary equilibria as self-fulfilling prophecies, which is standard, except here it entails dynamics in the price distribution.
Author : Henry Dunning Macleod
Publisher : Unknown
Page : 356 pages
File Size : 52,8 Mb
Release : 1889
Category : Banks and banking
ISBN : HARVARD:32044081960056
Author : Charles Rist
Publisher : Unknown
Page : 442 pages
File Size : 53,7 Mb
Release : 1966
Category : Electronic
ISBN : OCLC:257954482
Author : John Smithin
Publisher : Rowman & Littlefield
Page : 258 pages
File Size : 50,5 Mb
Release : 2018-09-15
Category : Business & Economics
ISBN : 9781498542821
This book provides a comprehensive re-working of the basic principles of monetary macroeconomics in an alternative monetary model (AMM) of economic growth, the business cycle, inflation and income distribution. These principles differ considerably from those advanced in the standard macroeconomics literature and in textbooks. However, the latter have been demonstrably unsuccessful in the promotion of usable macroeconomic policy advice for the past several years, actually decades. A different approach is needed. In particular, the new approach takes seriously the vital role of credit creation and endogenous money in capitalism. It does not imagine that all of the difficult questions of economic policy-making may be resolved within a paradigm that conceptualizes economic activity as merely a question of barter exchange. The result is a blueprint for a set of growth-friendly macroeconomic policies which will promote full employment, financial stability and higher real wages – essentially for the benefit of the long-suffering middle and working classes rather for the chamber of commerce and financial interests.
Author : Ludwig von Mises
Publisher : Skyhorse Publishing, Inc.
Page : 497 pages
File Size : 49,7 Mb
Release : 2013-08-01
Category : Business & Economics
ISBN : 9781620871614
The masterful, game-changing treatise on monetary theory by one of the world s greatest economic...
Author : P. Korteweg,P.D. van Loo
Publisher : Springer Science & Business Media
Page : 118 pages
File Size : 53,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9781461342458
In most Keynesian-type macroeconomic models the financial sector is modelled in terms of money demand, money supply and money market equilibrium. The market equations for private and government debt, i.e. credit, are implicit in these models by virtue of Walras' Law and need not be explicitly specified. Market equations for existing physical capital, or shares in capital, are absent from these models on the tacit assumption that physical capital cannot be traded and, consequently, has no market price. Money in these models is a substitute for private and government debt, not for current output, let alone for physical capital (or claims thereon). Models with these characteristics have three basic weaknesses. They narrow down the monetary transmission mechanism to a small subset of assets. Moreover, they produce downward-biased estimates of the degree of controllability of money in open economies if money and claims on physical capital are actually substitutes. Finally, these models are ill-suited to analyze adequately the effects of open market operations and of financing government budget deficits which change the stocks of money and debt.
Author : Charles Rist
Publisher : Unknown
Page : 450 pages
File Size : 41,6 Mb
Release : 1940
Category : Credit
ISBN : UCAL:$B100689
Author : Charles Rist
Publisher : Burns & Oates
Page : 442 pages
File Size : 43,8 Mb
Release : 1994
Category : Credit
ISBN : 1855063336
Rist traces the development of theories concerning currency and credit from the beginning of the eighteenth century to the 1940s. He combines his unsurpassed knowledge of the subject with a comprehensive account of the economic conditions in which the theories and controversies arose. Using simple and clear language, Rist does much to dispel the dull image of currency and credit analysis.