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Money, Inflation and Recession in the U.K. and the U.S.A.

The Fallacies of Monetarism - A Marxist View

By (author) Pantelis Ayianoglou
Format: Hardback
Publisher: The Edwin Mellen Press Ltd, New York, United States
Imprint: Edwin Mellen Press Ltd
Published: 30th Nov 1993
Dimensions: h 240mm
ISBN-10: 0773493735
ISBN-13: 9780773493735
Barcode No: 9780773493735
This study highlights the profound effects that credit has always had on economic developments in capitalism. The role and significance of credit is distinctly missing in all major traditional schools of thought in economics (classical, neo-classical, Keynesian, and monetarist). The incorporation of credit into economic theory promptly reveals, argues the author, the underlying forces behind important phenomena such as inflation and recessions. This text seeks to expose the flaws of monetarist doctrines by following the evolution of economic history in parallel with the development of economic theory.

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