Money in a Free Society

Money in a Free Society
Author :
Publisher : Encounter Books
Total Pages : 522
Release :
ISBN-10 : 9781594035449
ISBN-13 : 159403544X
Rating : 4/5 (44X Downloads)

Book Synopsis Money in a Free Society by : Tim Congdon

Download or read book Money in a Free Society written by Tim Congdon and published by Encounter Books. This book was released on 2011-11-01 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called “Great Moderation”), with steady growth and low inflation. But the period since mid-2007 (“the Great Recession”) has seen the worst macroeconomic turmoil since the 1930s. A dramatic plunge in trade, output and employment in late 2008 and 2009 has been followed by an unconvincing recovery. How is the lurch from stability to instability to be explained? What are the intellectual origins of the policy mistakes that led to the Great Recession? What theories motivated policies in the USA and other leading nations? Which ideas about economic policy have proved right? And which have been wrong? Money in a Free Society contains 18 provocative essays on these questions from Tim Congdon, an influential economic adviser to the Thatcher government in the UK and one of the world’s leading monetary commentators. Congdon argues that academic economists and policy-makers have betrayed the intellectual legacy of both Keynes and Friedman. These two great economists believed – if in somewhat different ways – in the need for steady growth in the quantity of money. But Keynes has been misunderstood as advocating big rises in public spending and large budget deficits as the only way to defeat recession. That has led under President Obama to an unsustainable explosion in American public debt. Meanwhile the Fed has ignored extreme volatility in the rate of money growth, contrary to the central message of Friedman’s analytical work. In his 1923 Tract on Monetary Reform Keynes said, “The Individualistic Capitalism of today, precisely because it entrusts saving to the individual investor and production to the individual employer, presumes a stable measuring-rod of value, and cannot be efficient--perhaps cannot survive--without one.” In Money in a Free Society Congdon calls for a return to stable money growth and sound public finances, and argues that these remain the best answers to the problems facing modern capitalism.


Money in a Free Society Related Books

Money in a Free Society
Language: en
Pages: 522
Authors: Tim Congdon
Categories: Business & Economics
Type: BOOK - Published: 2011-11-01 - Publisher: Encounter Books

DOWNLOAD EBOOK

In the 15 years to mid-2007 the world economy enjoyed unparalleled stability (the so-called “Great Moderation”), with steady growth and low inflation. But t
Money and Society
Language: en
Pages: 0
Authors: Axel T. Paul
Categories: Money
Type: BOOK - Published: 2020-11-20 - Publisher: IIPPE

DOWNLOAD EBOOK

An introduction to the sociology of money, foregrounding how money embodies social relations
A Cash-Free Society
Language: en
Pages: 166
Authors: Kai A. Olsen
Categories: Business & Economics
Type: BOOK - Published: 2018-08-10 - Publisher: Rowman & Littlefield

DOWNLOAD EBOOK

Information technology is changing the world through automation, by bypassing middlemen and by digitization. We see dramatic effects today in the music industry
The Black Box Society
Language: en
Pages: 320
Authors: Frank Pasquale
Categories: Law
Type: BOOK - Published: 2015-01-05 - Publisher: Harvard University Press

DOWNLOAD EBOOK

Every day, corporations are connecting the dots about our personal behavior—silently scrutinizing clues left behind by our work habits and Internet use. The d
Basic Income
Language: en
Pages: 395
Authors: Philippe Van Parijs
Categories: Business & Economics
Type: BOOK - Published: 2017-03-20 - Publisher: Harvard University Press

DOWNLOAD EBOOK

“Powerful as well as highly engaging—a brilliant book.” —Amartya Sen A Times Higher Education Book of the Week It may sound crazy to pay people whether