Money, Banking, and the Business Cycle [electronic resource] : Volume Two Remedies and Alternative Theories /
Simpson, Brian P.author.
The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.
Description based upon print version of record.
Cover; Title; Copyright; Dedication; Contents; Preface; Acknowledgments; Introduction; Part I Refutation of Alternative Explanations of the Business Cycle; 1 Underconsumption and Overproduction Theories of the Business Cycle; 2 Keynesian Business Cycle Theory, Part Deux: Inflexible Prices and Wages; 3 Real Business Cycle Theory; Part II To Cure the Business Cycle; 4 Government Interference, Fiat Money, and Fractional-Reserve Banking; 5 The Characteristics and Effects of a Free Market in Money and Banking; 6 The Significance of Some of the Historically Freer Banking Periods
7 Gold and 100-Percent Reserves8 How to Transition to a Free Market in Money and Banking; Epilogue; Notes; Selected Bibliography; Index
Includes bibliographical references and index.
The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.
Economic policy.
Business enterprises-Finance.
Leadership.
Banks and banking.
Management.
Economic Policy.
Business Finance.
Organizational Studies, Economic Sociology.
Business Strategy/Leadership.
Banking.
Innovation/Technology Management.