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Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth (2nd ed. 2012)

This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time. XLVI, 530 p.

£74.99