ABSTRACT

This text examines money, credit, and economic activity in the increasingly integrated global economy. It focuses on the problems afflicting the United States as it adapts to the transformation of the world economy.

part I|60 pages

The Theory of Money

chapter 1|16 pages

The Economy in Transition

chapter 2|25 pages

Economic Activities as Monetary Circuits

part II|56 pages

The Historic Evolution of Money Management

part III|78 pages

The End of the New Deal

chapter 6|18 pages

Stagflation and Financial Instability

chapter 8|29 pages

The Legacy of Reaganomics

part IV|126 pages

The Monetary Regime in Transition

chapter 9|26 pages

The Dilemmas of Monetary Policy

chapter 12|28 pages

Deal Mania and Fictitious Capital

part V|132 pages

The International Dimension of Money

chapter 13|30 pages

The Challenges of Global Integration

chapter 14|32 pages

The International Monetary System in Flux

chapter 15|42 pages

Supranational Credit-Money

chapter 16|26 pages

Toward a True Form of World Money

part VI|36 pages

Restructuring the American Economy

chapter 17|34 pages

The United States at the Crossroads