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Monetary Theory
Posted on 2010-04-10
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Author: Alan A. Rabin
Paperback: 352 pages Publisher: Edward Elgar Publishing (May 2004) Language: English ISBN: 1840647442Alan Rabin argues that new Keynesian and new classical macroeconomics, which have dominated the literature and textbooks, have crowded the monetary-disequilibrium hypothesis, or orthodox monetarism, off the intellectual stage. Trying to remedy this imbalance, the author concentrates on what he judges to be the essentials of .Emphasizing money’s fundamental role in lubricating exchanges and promoting economic coordination, Alan Rabin argues that when the lubricant goes awry, so do the processes being lubricated. Monetary disequilibrium can have repercussions that last months and even years. The book presents the author’s interpretation of Yeager’s enormous contributions to , especially his development of monetary-disequilibrium theory, while also building on the contributions of Patinkin, Clower, Leijonhufvud, Barro and Grossman, and Laidler .A unique hybrid of treatise and graduate text, fills a tremendous void in the current literature and will be of interest to scholars and students of and economic thought. Password: T0sT@rN@
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