(Free read ebook) Money, Banking, and the Business Cycle: Volume II: Remedies and Alternative Theories: 2






 | #3138359 in eBooks |  2014-07-02 |  2014-07-02 | File Name: B00MNEE2I2


|| ||"This two-volume work updates and extends the business cycle analysis inaugurated by Mises and Hayek. Particularly noteworthy are its incorporation of an aggregate economic accounting framework beyond GDP, its critique of so-called real business cycle theory

The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. V...


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