Monetarism and the Demise of Keynesian Economics [Paperback]

An examination of the role of money in a dynamic economy within the context of theoretical developments both within and in opposition to, the Quantity Theory tradition. Emphasis is on the dangers of basing economic policy on macroeconomic analysis.Preface - Introduction - Money - The Quantity Theory of Money - Money, Relative Prices and the Rate of Interest - Keynes's General Theory - Forced Saving Versus the Multiplier - Monetarism - Control of the Money Supply - International Trade and Exchange Rate Policy - Macroeconomic Demand Management - Inflation - Free Markets, Monetarism and the Austrian School - Postscript: When Keynes was a Monetarist - Appendix - Endnotes - Bibliography - Index