Mon Theory and Employment available in Hardcover
- Pub. Date:
- Elgar, Edward Publishing, Inc.
To most people, money is dependent on employment, but economists ponder whether, to what extent, and by what mechanism, employment is dependent on money. Docherty (finance and economics, U. of Technology, Sydney) considers the version of endogeneitythe belief that money supply actually affects real goods and servicesset out by Nicholas Kaldor and Basil Moore. He particularly reviews Kaldor's contribution and its relationship to a range of other monetary positions, including that of Keynes, neoclassical theory, and some dimensions of often-cited classical monetary thought. Annotation ©2006 Book News, Inc., Portland, OR