Description:
Reprinting the second edition (which included a new introduction explaining developments which had emerged since first publication) this book discusses:
- explorations in the fundamental theory of a monetary economy
- a theoretical critique of the 'Phillips Curve' approach to the theory of inflation
- the theory of the term structure of interest rates in terms of the theory of forward markets pioneered by David Meiselman.
Review Quotes:
"It brings together the major, and not insignificant contributions of a leading economist in the field of monetary economics." - International Affairs