Format:
1 online resource (291 pages)
Edition:
1st ed.
ISBN:
9780415313186
,
9781136506406
Content:
This book deals with the theory of how money is created and destroyed. Essential principles are illustrated by considering various models of banking systems. It provides an account of the modern theory of income and employment
Note:
Cover -- Original Title Page -- Title Page -- Copyright Page -- Translator's Note -- Preface -- Table of Contents -- Introduction -- I. THE MEANS OF PAYMENT IN THE PRESENT-DAY ECONOMY -- II. THE CREATION AND DESTRUCTION OF MONEY -- 1. Model of a system with one bank in which payments are made without using cash (Wicksell's Ideal Bank) -- 2. Model of a system with several banks in which payments are made without using cash -- 3. Model of a single-tier mixed-money banking system (single-tier mixed-money system) -- 4. The role of the central bank in a single-tier mixed-money system -- III. THE DETERMINANTS OF NATIONAL INCOME AND ITS FLUCTUATIONS -- A. THE CASE OF A CLOSED ECONOMY WITHOUT GOVERN-MENT ACTIVITY -- 1. The case when intended net investment is positive and given -- 2. The case when net investment depends on national income -- 3. Changes in national income resulting from changes in the propensities to invest and consume (the multiplier problem) -- 4. The history and development of multiplier theory (the multi-sector multiplier) -- 5. The case when net investment depends on the rate of interest -- 6. The quantity theory of money -- 7. The acceleration principle -- 8. The acceleration principle and the determination of income -- 9. The basic principles of the theory oflong-run growth -- B. THE CASE OF A CLOSED ECONOMY WITH GOVERNMENT ACTIVITY -- 1. Introductory -- 2. Various concepts of income -- 3. The effect of government expenditure on the level of national income -- 4. The effect of taxes and government borrowing on national income -- 5. The combined effect of changes in government expenditure and revenue -- 6. The case when taxation varies with the level of income -- C. THE BALANCE OF PAYMENTS AND NATIONAL INCOME -- 1. The determinants of national income in an open economy
,
2. The export multiplier -- 3. The export multiplier in the case of a two-country model -- 4. The investment multiplier in the case of a two-country model -- 5. The balance of payments and the rate of exchange -- 6. Devaluation and the terms of trade -- 7. The effects of changes in the conditions of demand and supply on the balance of payments -- 8 Concluding remarks -- APPENDIX l (to Chapter III, Section A, 3.) The Multiplier in Conditions of Under-employment and Full Employment -- APPENDIX II (to Chapter III, Section A, 7.) Wage Rates, Commodity Prices and Employment -- BIBLIOGRAPHY -- INDEX OF AUTHORS
Additional Edition:
Print version Schneider, Erich Money Income and Employment Oxford : Taylor & Francis Group,c2003 ISBN 9780415313186
Language:
English
Keywords:
Electronic books
URL:
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