Economic theory of bank credit

economic theory of bank creditEconomic theory of bank credit
Albert L Hahn
Oxford, Oxford University Press, 2015
ISBN: 9780198723073
195 páginas
Precio: 80,88 euros

Sinopsis:
L. Albert Hahn published the first edition of the Economic Theory of Bank Credit in 1920 and a radically revised third edition in 1930. Economic Theory of Bank Credit is a clear exposition of a theory of credit and stands in the tradition of Harley Withers, Henry Macleod, and Knut Wicksell. A theory of credit recognizes that banks are not only intermediaries of savings but in fact create money themselves. This idea is paired with a detailed account of the technical processes of the banking sector. In Part Two, Hahn provides an economic account of the effects of credit creation on the economy: banks vary their credit creation activity for various reasons and cause fluctuations in overall economic activity. Hahn therefore develops a monetary theory of the business cycle in the spirit of Schumpeter. The first and third editions draw different conclusions about central bank policy. The first edition is optimistic that an ever-lasting boom could be achieved, whilst the third edition sees the core function of central bank policy as smoothing economic fluctuations. This edition, translated into English for the first time, enables the reader to revisit this classic contribution to monetary theory. It features a complete translation of the first edition, key elements of the third edition, and a new introduction by Professor Harald Hagemann.

Recomendados

The foundations of worldwide economic integration. Power, institutions, and global markets, 1850-1930

Christof Dejung y Niels P. Petersson Cambridge, Cambridge University Press, 2014 ISBN: 978-1-107-43697-8 Páginas: 273 Precio: 28,25 €

The WPA. Creating Jobs and Hope in the Great Depression

The WPA. Creating Jobs and Hope in the Great Depression Sandra Opdycke New York, Routledge, 2016 ISBN: 9781138820920 195 páginas Precio: 38,41 €

Speculation. A history of the fine line between gambling and investing

Speculation. A history of the fine line between gambling and investing Stuard Banner Oxford, Oxford University Press, 2017 ISBN: 9780190623043 329 páginas Precio: 26,28 €

Cuba-Canarias-Sevilla. El estanco español del tabaco y Las Antillas (1717-1817)

Santiago de Luxán Menéndez, Monserrat Garate Ojanguren y José Manuel Rodríguez Gordillo Cuba-Canarias-Sevilla. El estanco español del tabaco y Las Antillas (1717-1817) Las Palmas de Gran Canaria, Cabildo Insular de

Los bienes comunes del conocimiento

Los bienes comunes del conocimiento Charlotte Hess y Elinor Ostrom Madrid, Traficantes de Sueños, 2016 ISBN: 9788494460036 369 páginas Precio: 22 €

La economía política de la guerra. Una aproximación desde el pensamiento económico y las relaciones internacionales

Alfredo Langa Herrero La economía política de la guerra. Una aproximación desde el pensamiento económico y las relaciones internacionales Barcelona, Icaria, 2013 ISBN: 978-84-9888-455-5 Páginas: 256 Precio: 20 €