Abstract economic theory may be timeless and potentially universal in its application, but macroeconomics has to be seen in its historical context. The nature of the policy regime, the behaviour of the economy and the beliefs of professional economists all interact, and influence each other. This short historical account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies. The ...
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Abstract economic theory may be timeless and potentially universal in its application, but macroeconomics has to be seen in its historical context. The nature of the policy regime, the behaviour of the economy and the beliefs of professional economists all interact, and influence each other. This short historical account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies. The narrative concentrates on developments in America, Europe and Japan from the era of the classical gold standard, via the era of policy intervention and reduced faith in the market to the present 'neo-liberal' regimes. The 'grand narrative' of the century is a journey 'to Utopia and back'. It is argued that no school of macroeconomics is right for all time; different theoretical models may be appropriate, for different periods and regimes.
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Add this copy of Monetary Regimes of the Twentieth Century to cart. $32.00, like new condition, Sold by Rain Dog Books rated 2.0 out of 5 stars, ships from Bloomington, IL, UNITED STATES, published 2001 by Cambridge University Press.
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Fine in Fine Dust Jacket. 8vo. 260 pp. National Institute of Economic and Social Research Economic and Social Studies. We specialize in fine books in collectible condition. Orders are professionally packaged and shipped promptly. W10.
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New. Print on demand Contains: Tables. National Institute of Economic and Social Research Economic and Social Studies . 25 tables. Intended for professional and scholarly audience.
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New. Contains: Tables. National Institute of Economic and Social Research Economic and Social Studies . 25 tables. Intended for professional and scholarly audience.
