By (author) David Laidler
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Monetarist Perspectives by David Laidler
Book DescriptionHere is a clear and thoughtful introduction to the current literature of monetary economics and macroeconomics. The book's central theme is a view of the macroeconomy in which recession and inflation are to be interpreted as the result of the economy adjusting to a discrepancy between the quantity of money supplied and the quantity of money demanded, with the latter quantity being determined by a stable aggregate demand function.The author discusses in turn the place of monetarism in macroeconomics, its implications for the interpretation of the short-run demand for money function, its relationship to equilibrium business cycle theory, the disequilibrium transmission mechanism that underlies the monetarist viewpoint, and finally its implications for the policy of gradualism. He synthesizes a large body of theoretical and empirical literature, and his empirical observations are broadly based on the experiences of England and Australia as well as Canada and the United States. Each chapter can be read apart from the others, and Laidler has taken particular care to keep the technical level of exposition low without sacrificing much in the way of theoretical sophistication."
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Book DetailsISBN: 9780674582408
(210mm x 140mm x 17mm)
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 1-Jul-1990
Country of Publication: United States
Books By Author David Laidler
Fabricating the Keynesian Revolution, Hardback (March 1999)» View all books by David Laidler
Examining the emergence, in the inter-war years, of what came to be called 'Keynesian macroeconomics'.
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