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Monetary Economics

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.

Publisher: Palgrave Macmillan (March 27, 2012)
Language: English
ISBN-10: 9780230301849
ISBN-13: 978-0230301849
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