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Monetary Theory

Monetary Theory by Alan Rabin
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Alan Rabin argues that new Keynesian and new classical macroeconomics, which have dominated the literature and textbooks, have crowded the monetary-disequilibrium hypothesis, or orthodox monetarism, off the intellectual stage. Trying to remedy this imbalance, the author concentrates on what he judges to be the essentials of monetary theory.Emphasizing money's fundamental role in lubricating exchanges and promoting economic coordination, Alan Rabin argues that when the lubricant goes awry, so do the processes being lubricated. Monetary disequilibrium can have repercussions that last months and even years.
Edward Elgar Publishing; January 2004
322 pages; ISBN 9781843769798
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Title: Monetary Theory
Author: Alan Rabin