The Value of Money

The Value of Money
By:"Prabhat Patnaik"
Published on 2009-06-05 by Columbia University Press

E-book Library:"Business & Economics"

Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined independently of its supply and demand. Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the \

This Book was ranked 29 by Google Books for keyword vectorwise.

Thank you
E-Book University