A Market Theory of Money
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72 240 Ft (68 800 Ft + 5% VAT)
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72 240 Ft
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Product details:
- Publisher OUP Oxford
- Date of Publication 24 August 1989
- ISBN 9780198287247
- Binding Hardback
- No. of pages152 pages
- Size 224x144x18 mm
- Weight 338 g
- Language English 0
Categories
Short description:
In this, his last work, distinguished economist John Hicks reviews his own writings over the last half century. He explains the way in which economic theory has been adjusted to reflect developments in the real economy. Drawing together the treads of his writings, Hicks goes on the outline a theory which links competitive markets with the monetary sector. This is the first book to make this connection, and as such it makes an important contribution to the popular debate on market theory.
MoreLong description:
John Hicks's writing on monetary economics spans over 50 years. This book draws together the common threads of his work in a single succinct statement of the basics of monetary theory. It also outlines a theory of competitive markets which can be linked to the monetary sector; neither standard classical or neo-classical value theory can , on its own, fill the gap between monetary and non-monetary economics.
In reviewing his own work, Hicks explains the way in which economic theory has been adjusted to reflect developments in the real economy. He sees these changes, sometimes quite major, as the discovery of truths which have become more appropriate, rather than the the discovery of completely new truths.
'It is a good reminder of how much we have learnt from him.'
Times Higher Education Supplement
Table of Contents:
Introduction; Part I: The working of markets: Supply and demand; The function of speculation; The pricing of manufactures; The labour market; Part II: Money and Finance: The nature of money; The market makes its money; Banks and bank money; Choice among assets; Theories of interest - Keynes versus Marshall; Markets in shares - ownership and control; Part III: Problems and Policies: The old trade cycle; The credit economy; Interest and investment; An international economy; Appendix: Risk and uncertainty; Index
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