ABSTRACT

Providing an extensive examination of monetary theory and its implications for public policy, Monetary Theory and Public Policy is as relevant for an understanding of current economic problems as when it was first published. Looking at the concepts of modern economic theory, particularly as these concepts apply to problems of money and banking, both Keynesian and Post-Keynesian developments are discussed.

part I|93 pages

Money and General Prices

chapter 2|17 pages

The Internal Value of Money

chapter 3|12 pages

Creation and Destruction of Money

chapter 4|24 pages

The Theory of Inflation

chapter 5|38 pages

Anti–Inflation Policies

part II|196 pages

Interest, Income, and Employment

chapter 6|18 pages

The Liquidity–Preference Theory

chapter 7|8 pages

Interest Policy and Full Employment

chapter 9|11 pages

Aggregate Demand and National Income

chapter 10|26 pages

The Consumption Function

chapter 11|33 pages

Savings and Investment

chapter 12|25 pages

The Multiplier and Acceleration Theories

chapter 13|21 pages

Secular Underemployment Equilibrium

chapter 14|17 pages

Measures to Promote Investment

chapter 15|14 pages

Measures to Raise the Consumption Function

chapter 16|12 pages

Epilogue on Full Employment Policy

part III|87 pages

Domestic vs International Equilibrium