A Market Theory of Money

A Market Theory of Money

by John Hicks
A Market Theory of Money

A Market Theory of Money

by John Hicks

Hardcover

$185.00 
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Overview

In this book Nobel Laureate Sir John Hicks draws together the common threads of over fifty years of writing on monetary economics into a succinct statement of the fundamentals of monetary theory. Confronting the failure of both standard classical and neoclassical theory to fill the gap between monetary and non-monetary economics, he posits an idea of competitive markets that can be linked to the monetary sector, and explains the way in which economic theory has been adjusted to reflect developments in the real economy.

Product Details

ISBN-13: 9780198287247
Publisher: Oxford University Press
Publication date: 10/12/1989
Pages: 158
Product dimensions: 5.69(w) x 8.81(h) x 0.72(d)

About the Author

John Hicks, Late Drummond Professor of Political Economy, University of Oxford

Sir John Hicks, late Drummond Professor of Political Economy, University of Oxford

Table of Contents

Introduction
Part I. The Working of Markets
1. Suppy and Demand?
2. The Function of Speculation
3. The Pricing of Manufactures
4. The Labour Market
Part II. Money and Finance
5. The Nature of Money
6. The Market Makes its Money
7. Banks and Bank Money
8. Choice among Assets
9. Theories of Interest: Keynes versus Marshall
10. Markets in Equities: Ownership and Control
Part III. Problems and Policies
11. The Old Trade Cycle
12. The Credit Economy: Wicksell
13. Interest and Investment
14. An Intetrnational Economy
15. What is Bad about Inflation?
Appendix: Risk and Uncertainty
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