A Market Theory of Money by John HicksA Market Theory of Money by John Hicks

A Market Theory of Money

byJohn Hicks

Paperback | April 5, 2017

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In this book, Sir John Hicks draws together the common threads of over 50 years' writing on monetary economics into a succint statement of the fundamentals of monetary theory. He also goes beyond this work of synthesis to outline a theory of competitive markets which can be linked to themonetary sector, confronting the failure of both standard classical and neoclassical theory to fill the gap between monetary and non-monetary economics.In reviewing his own work, Hicks explains the way in which economic theory has been adjusted to reflect developments in the real economy. He sees these sometimes major shifts in theory less the discovery of new truths and more as the discovery, ore rediscovery, truths which have become moreappropriate.
Sir John Hicks, late Drummond Professor of Political Economy, University of Oxford, UK.
Title:A Market Theory of MoneyFormat:PaperbackDimensions:152 pagesPublished:April 5, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198796234

ISBN - 13:9780198796237

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Table of Contents

IntroductionPart I. The Working of Markets1. Suppy and Demand?2. The Function of Speculation3. The Pricing of Manufactures4. The Labour MarketPart II. Money and Finance5. The Nature of Money6. The Market Makes its Money7. Banks and Bank Money8. Choice among Assets9. Theories of Interest: Keynes versus Marshall10. Markets in Equities: Ownership and ControlPart III. Problems and Policies11. The Old Trade Cycle12. The Credit Economy: Wicksell13. Interest and Investment14. An Intetrnational Economy15. What is Bad about Inflation?Appendix: Risk and Uncertainty

Editorial Reviews

"clearly destined to take on a special significance to historians of thought as the final contribution of one of the most influential economists of the twentieth century ... The completed volume achieves everything that Hicks' admirers could have hoped for, and represents a remarkableaccomplishment for a scholar at the end of a long and uniquely distinguished career spanning more than sixty years." --John N. Smithin, York University, Eastern Economic Journal