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Richard Andreas Werner (born 5 January 1967) is a German banking and development economist who is a university professor at University of Winchester.. He has proposed the "Quantity Theory of Credit", or "Quantity Theory of Disaggregated Credit", which disaggregates credit creation that are used for the real economy (GDP transactions), on the one hand, and financial transactions, on the other ...
"The Monetary Theory and Policy of Henry Simons," Journal of Law and Economics Vol. 10 (Oct. 1967), pp. 1–13 JSTOR "What Price Guideposts?", in G.P. Schultz, R.Z. Aliber, editors, Guidelines "The Role of Monetary Policy." American Economic Review, Vol. 58, No. 1 (Mar. 1968), pp. 1–17 JSTOR presidential address to American Economics Association
Conventional monetary policy transmission mechanisms, such as the interest rate channel, focus on direct effects of monetary policy actions. The interest rate channel, for example, suggests that monetary policy makers use their leverage over nominal, short-term interest rates, such as the federal funds rate , to influence the cost of capital ...
The foundations for the book were laid in his 1991 [note 1] PhD thesis The Science of Value (German: Die Wissenschaft vom Wert) [7] which, along with the Introduction, was published as part of a wider discourse in Germany on the monetary character of Marx's theory of value. [9] This revival of research into Marx, known as the Neue Marx-Lektüre ...
Friedman asserted that actively trying to stabilize demand through monetary policy changes can have negative unintended consequences. [5]: 511–512 In part he based this view on the historical analysis of monetary policy, A Monetary History of the United States, 1867–1960, which he coauthored with Anna Schwartz in 1963. The book attributed ...
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behavior.Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other.
The Philosophy of Money (1900; German: Philosophie des Geldes) [1] is a book on economic sociology by German sociologist and social philosopher Georg Simmel. [2] Considered to be the theorist's greatest work, Simmel's book views money as a structuring agent that helps people understand the totality of life. [2]