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Download Free Monetary Economics Online Book PDF

Download and Read Monetary Economics PDF

ByW. Godley,M. Lavoie

Monetary Economics

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“A real book is not one that we read, but one that reads us.” -W.H. Auden

Synopsis

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.

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