9780674066878 - Collected Papers on Monetary Theory von Lucas, Robert E. (3 Ergebnisse)

Hardcover. Zustand: Brand New. 540 pages. 9.75x6.50x1.75 inches. In Stock.

Zustand: New. One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. These 21 papers, published 1972-2007, cover core monetary theory a.

Buch. Zustand: Neu. Neuware - When I moved from Carnegie-Mellon to Chicago in 1975, I began to teach in the first-year sequence in macroeconomics, a practice I maintained for more than twenty-five years. For the core (as we called it) I thought I needed a coherent approach to the basics of monetary theory, which I thought of as the quantity theory of money and the evidence that supported that theory. I wanted to do this in a way that made maximum use of modern general equilibrium theory. I'm sure I began with Samuelson's 1958 overlapping generations model and the developments of that theory due to David Cass, Menahem Yaari, and others, but I became dissatisfied with the abstractness of that framework and sought a view in which money is an asset that we hold to pay bills with, a factor in a payments system.