Monetary economics: an integrated approach to credit, money, income, production and wealth
Godley, Wynne, Lavoie, Marc
This book challenges the mainstream paradigm with the introduction of a new methodology. Economies are represented realistically in a fully articulated system of national income and flow of funds accounts. The authors study how flows of income, expenditure and production are intertwined with stocks of assets and liabilities, determining how whole economies evolve through time.
Starting with extremely simple stock-flow consistent models, the text describes a succession of increasingly complex models constructed with such rigor that, in harmony with its basis in accounting, there is always one equation which is implied logically by all the others. Readers will be able to download all the models and explore their properties for themselves.
Starting with extremely simple stock-flow consistent models, the text describes a succession of increasingly complex models constructed with such rigor that, in harmony with its basis in accounting, there is always one equation which is implied logically by all the others. Readers will be able to download all the models and explore their properties for themselves.
カテゴリー:
年:
2012
出版社:
Palgrave Macmillan
言語:
english
ページ:
576
ISBN 10:
3423743743
ISBN 13:
9783423743747
ファイル:
PDF, 48.72 MB
IPFS:
,
english, 2012
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