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OverviewCapital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital and money. A root concept of capital is formulated that allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Capital and monetary theory are integrated in a non-mathematical framework that imposes a number of constraints on the macro behavior of an economy, constraints which make for the straightforward understanding of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development. This fully expanded, revised, and updated edition features important new material on a variety of timely topics, including: * Factors leading to the financial meltdown and turmoil of 2007-09; * Why bubbles form in asset markets and how these impact on the real economy; * The importance of a lender-of-last-resort in times of financial stress; * Future financing and funding of the U. S. Social Security System. Additionally, the author offers a number of ideas for alleviating the severity, if not the avoidance altogether, of financial crises in the future. This is a book for those -- students (both graduate and undergraduate) and their teachers, investors, and the informed public -- who want an understanding of how economies and financial markets function, without an advanced degree in mathematics. Full Product DetailsAuthor: Lester D. TaylorPublisher: Springer-Verlag New York Inc. Imprint: Springer-Verlag New York Inc. Edition: 2nd ed. 2010 Dimensions: Width: 15.50cm , Height: 1.70cm , Length: 23.50cm Weight: 0.474kg ISBN: 9781489990778ISBN 10: 1489990771 Pages: 278 Publication Date: 05 September 2014 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsPremises and an Overview.- Myros and Other Concepts and Definitions.- The Macroeconomic Framework.- Interest and Money.- Production and Investment.- General Price Level and Inflation.- Capital Values, Wealth, and Related Topics.- Macroeconomic Equilibrium and Employment.- Capital Theory in Perspective.- Opportunity and Sunk Costs.- Trade, Transfers, and Monetary Overhangs.- Questions Related to Consumption and Saving.- Questions Related to Economic Growth.- Themes and Counterthemes: Fluid Capital in Retrospect.- Background and Tools for Understanding and Dealing with Recurrent Financial Crises.- Booms, Busts, and Financial Panics: The Financial Meltdown of 2007–2009.ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |