Money, Banking, and the Business Cycle, Volume I

The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume I bridges economic theory with empirical evidence. Simpson reveals the origins of the business cycle through the impact of government regulation on the supply of money and credit.

Purchase at Palgrave Macmillan or Amazon.com.