Author (Person) | Bell, Stephanie A., Nell, Edward J. |
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Publisher | Edward Elgar |
Publication Date | 2003 |
ISBN | 1-84376-156-4 |
Content Type | Textbook | Monograph |
Book abstract: Political control over money supply, which stands at the centre of the argument for sovereignty in this area, might be said by many to have more to do with politicians' appetite for the exercise of power than the actual ability to stabilise prices. Money as a creation of the state (or as some might say a consequence of the state) is debated in comparison with money as a creation of individuals seeking a means of exchange. These theories labelled 'C' and 'M' are subjected to examination by an illustrious group of theorists some of whom are economists, a political scientist and a historian. The debate is particularly relevant to the euro question which sees a separation of fiscal authority and monetary powers. 'M' theory enthusiasts applaud this divorce of powers, elevating it to the level of raison d'ĂȘtre. This and many other issues of fundamental importance in contemporary monetary theory and policy are discussed. |
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Source Link | http://www.e-elgar.co.uk/ |
Subject Categories | Economic and Financial Affairs |
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