Money Capital: New Monetary Principles for a More Prosperous Society

by Patrick Bolton and Haizhou Huang

A novel perspective on monetary and fiscal policy that views money as the equity capital of a nation

A conventional economic theory, monetarism, holds that inflation is a monetary phenomenon driven by changes in the supply of money. Yet recent experience--including the aftermath of the financial crisis of 2008 and the economic development of China--contradict this basic prediction. In this book, leading economists Patrick Bolton and...

• Format: Hardcover
• Language: English
• ISBN: 0691232229
• ISBN13: 9780691232225
• Release Date: May 2024
• Publisher: Princeton University Press
• Length: 312 Pages
• Weight: 1.45 lbs.
• Dimensions: 1.2" x 6.1" x 9.3"