Help Spread the Word
Help spread the word
the leading online
classified ads and buy
and sell website
in the Philippines. If you
have a website or blog,
you can use the HTML
code below to display
BUY AND SELL » Books & Publication
» Text Books & Educational
THIS ITEM HAS EXPIRED
MONEY IN A FREE SOCIETY: KEYNES, FRIEDMAN, AND THE NEW CRISIS IN CAPITALISM
Total Views: 257
Updated on: Nov 30, '-1 Expiring on: May 16, '12 Posted on: Nov 18, '11
Avoid being Scammed! Deal with members you can meet in person.
In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called “Great Moderation”), with steady growth and low inflation. But the period since mid-2007 (“the Great Recession”) has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained? What are the intellectual origins of the policy mistakes that led to the Great Recession? What theories motivated policies in the USA and other leading nations? Which ideas about economic policy have proved right? And which have been wrong?
Money in a Free Society contains 18 provocative essays on these questions from Tim Congdon, an influential economic adviser to the Thatcher government in the UK and one of the world’s leading monetary commentators. Congdon argues that academic economists and policy-makers have betrayed the intellectual legacy of both Keynes and Friedman.
These two great economists believed – if in somewhat different ways – in the need for steady growth in the quantity of money. But Keynes has been misunderstood as advocating big rises in public spending and large budget deficits as the only way to defeat recession. That has led under President Obama to an unsustainable explosion in American public debt. Meanwhile the Fed has ignored extreme volatility in the rate of money growth, contrary to the central message of Friedman’s analytical work. In his 1923 Tract on Monetary Reform Keynes said, “The Individualistic Capitalism of today, precisely because it entrusts saving to the individual investor and production to the individual employer, presumes a stable measuring-rod of value, and cannot be efficient--perhaps cannot survive--without one.” In Money in a Free Society Congdon calls for a return to stable money growth and sound public finances, and argues that these remain the best answers to the problems facing modern capitalism.
Title: MONEY IN A FREE SOCIETY: KEYNES, FRIEDMAN, AND THE NEW CRISIS IN CAPITALISM Author: Congdon, Tim ISBN: 9781594035241 Publisher: Perseus Distribution Services Format: Hardcover Price: PHP 1,348.00
BE ADVISED: Whether online or in the real world, communicating, transacting or trading with our members in order to avail of any product or service
posted here must be done with your usual vigilance, sagacity and discernment. Please be guided that our members' right to privacy is of utmost
importance. Accordingly, we make no attempt to monitor their transactions arising from their postings nor do we conduct any background investigation
of the members. Contracts, written or otherwise, with a member based on their postings here is a matter solely between such member and their
customer or client. Unless positively stated, all posts are not endorsed by us. more details