Money and Government
Subtitle: A Challenge to Mainstream Economics
Publisher: Penguin Books, Limited
Published: 2018
Language: eng
Number of pages: 512
ISBN-13: 9780241352823
Subjects: Macroeconomics; Economic policy
Description: "The dominant view in economics is that money and government should only play a minor role in economic life. Money, it is claimed, is nothing more than a medium of exchange; and economic outcomes are best left to the 'invisible hand' of the market. In contrast, the view taken in this ... book is that the omnipresence of uncertainty makes money and government essential features of any market economy. One reason we want to hold on to money is that we don't know what the future will bring. Government - good government - makes the future more predictable and therefore reduces this demand for money."--Jacket.