July, 2014

Money, Banking, and the Business Cycle, Volume II

Remedies and Alternative Theories
  • Brian Simpson

    Associate Professor of Accounting and Finance, National University
Contact us
To speak with a scholar or learn more on this topic, visit our contact page.

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 II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.

Purchase through Palgrave Macmillan or Amazon.com