The Theory of Money and Credit

The Theory of Money and Credit PDF Author: Ludwig Von Mises
Publisher: Ludwig von Mises Institute
ISBN: 1610163222
Category : Credit
Languages : en
Pages : 507

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Book Description

The Theory of Money and Credit

The Theory of Money and Credit PDF Author: Ludwig Von Mises
Publisher: Ludwig von Mises Institute
ISBN: 1610163222
Category : Credit
Languages : en
Pages : 507

Get Book

Book Description


Credit and State Theories of Money

Credit and State Theories of Money PDF Author: L. Randall Wray
Publisher: Edward Elgar Publishing
ISBN: 9781843769842
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
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.

Credit and Creed

Credit and Creed PDF Author: Andreas Rahmatian
Publisher: Routledge
ISBN: 0429594844
Category : Law
Languages : en
Pages : 260

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Book Description
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.

Rethinking the Theory of Money, Credit, and Macroeconomics

Rethinking the Theory of Money, Credit, and Macroeconomics PDF Author: John Smithin
Publisher: Rowman & Littlefield
ISBN: 1498542824
Category : Business & Economics
Languages : en
Pages : 258

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Book Description
This book is the definitive scholarly work on money, credit and macroeconomics for the twenty-first century. Nine decades ago Keynes claimed to be writing a work that would “largely revolutionize the way the world thinks about economic problems”. This is a modern day attempt with the same purpose.

Money, Bank Credit, and Economic Cycles

Money, Bank Credit, and Economic Cycles PDF Author: Jesús Huerta de Soto
Publisher: Ludwig von Mises Institute
ISBN: 1610163885
Category : Banks and banking
Languages : en
Pages : 938

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Book Description


History of Monetary and Credit Theory

History of Monetary and Credit Theory PDF Author: Charles Rist
Publisher: Routledge
ISBN: 1315440946
Category : Business & Economics
Languages : en
Pages : 571

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Book Description
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.

Money and Credit

Money and Credit PDF Author: Liang Wang
Publisher: International Monetary Fund
ISBN: 1475572336
Category : Business & Economics
Languages : en
Pages : 54

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Book Description
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.

On the Manipulation of Money and Credit

On the Manipulation of Money and Credit PDF Author: Ludwig Von Mises
Publisher: Liberty Fund Library of the Wo
ISBN: 9780865977624
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
Published by Liberty Fund for the first time in English, "On the Manipulation of Money and Credit" consists primarily of three pieces on monetary theory written by Ludwig von Mises between 1923 and 1931. As a precursor to Human Action, Mises's magnum opus, this volume includes some of his most important contributions to trade-cycle theory. The first essay, "Stabilization of the Monetary Unit from the Viewpoint of Theory" written in 1923 during a period of German hyperinflation, discusses the consequences of the fluctuating purchasing power of paper money and explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government. Written in 1928, the second essay, "Monetary Stabilization and Cyclical Policy" critiques schemes for stabilising prices and for "measuring" purchasing power. The third selection is a speech Mises gave in 1931, "The Causes of the Economic Crisis". It explores the nature and role of the market and cyclical changes in business conditions.

An Analysis of Ludwig Von Mises's The Theory of Money and Credit

An Analysis of Ludwig Von Mises's The Theory of Money and Credit PDF Author: Padraig Belton
Publisher: Macat Library
ISBN: 9781912284726
Category : Money
Languages : en
Pages : 0

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Book Description
In this book, the author's familiarity with the historical literature on banking and credit allows him to present a coherent theoretical structure that links private exchange between individuals, business and banks to condition the markets affecting money and credit.

Modern Money Theory

Modern Money Theory PDF Author: L. Randall Wray
Publisher: Springer
ISBN: 1137539925
Category : Business & Economics
Languages : en
Pages : 322

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Book Description
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.