Monetary Growth Theory: Money, Interest, Prices, Capital, Knowledge and Economic Structure over Time and Space

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Overview

This book answers some challenging questions in monetary growth theory within a compact theoretical framework. The author succeeds in integrating the theory of money, the theory of value and the theory of growth. The book re-examines many important ideas in modern monetary economics within a single analytical framework. It is concerned not only with traditional one-sector growth models of a homogeneous population with endogenous capital and knowledge, but also with multi-sector models, economies with heterogeneous households, and economies with urban structures, interregional interactions and international trade.

Zhang’s book will appeal to those studying monetary economics, neoclassical growth theory, development economics and international economics. It is also useful more generally, for researchers in social sciences with an interest in the role of money in modern societies.

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Product Details

Table of Contents

1 Money and Growth Theory 1

2 Money as a Store of Value 39

3 Money in Utility and Production Functions 83

4 Money-in-Advance Growth Models 130

5 Unemployment and Money 182

6 Preference Change and Habit Formation 214

7 Monetary growth with urban structure 246

8 Money in Multi-Regional Growth Economies 283

9 Money, Growth and International Trade 316

10 Money and Economic Complexity 337

Notes 343

References 359

Index 379

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