Monetary Economics [electronic resource] : An Integrated Approach to Credit, Money, Income, Production and Wealth /
Godley, W.author.
Lavoie, M.author.
This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
Bibliographic Level Mode of Issuance: Monograph
Includes bibliographical references and index.
This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
Europe—History.
Banks and banking.
European History.
Banking.