Skip to main content
SpringerLink
Log in
Palgrave Macmillan

Modern Monetary Theory

  • Book
  • © 1986

Overview

Authors:
  1. M. L. Burstein
    View author publications

    You can also search for this author in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (11 chapters)

  1. Front Matter

    Pages i-xvi
    Download chapter PDF

  2. The Ontology of Money

    1. Front Matter

      Pages 1-1
      Download chapter PDF

    2. The Essential Properties of Money

      • M. L. Burstein
      Pages 3-15

    3. Choice of Currency and Other Topics

      • M. L. Burstein
      Pages 16-28

    4. Interest on Money

      • M. L. Burstein
      Pages 29-41

  3. Operational Studies

    1. Front Matter

      Pages 43-43
      Download chapter PDF

    2. The Pure Theory of Commodity Money

      • M. L. Burstein
      Pages 45-57

    3. Open-Loop v. Closed-Loop Money Supply Control Systems

      • M. L. Burstein
      Pages 58-79

    4. Speculation, Rational Expectations and the Pure Theory of the Macroeconomy

      • M. L. Burstein
      Pages 80-96

    5. Inflation

      • M. L. Burstein
      Pages 97-106

    6. Public Debt and Monetary Theory

      • M. L. Burstein
      Pages 107-125

    7. Three Topics in the Monetary Theory of Closed Systems

      • M. L. Burstein
      Pages 126-137

  4. The Theory of Money in Open Economies

    1. Front Matter

      Pages 139-139
      Download chapter PDF

    2. Some Theory of the Open Macroeconomy

      • M. L. Burstein
      Pages 141-163

    3. Some Pure Theory of Money in an Open Macroeconomy

      • M. L. Burstein
      Pages 164-189

  5. Back Matter

    Pages 190-211
    Download chapter PDF
Back to top

Keywords

About this book

Innovations in financial markets and in financial management, together with dramatic innovations in the substance and technique of monetary theory, have made it necessary to restate the theory of money and the theory of monetary policy. In order to provide a new monetary theory, the author treats fully the following material: choice of currency and the theory of convertibility; interest on money; speculation and rational expectations; implications of electronic-transfer settlement procedures for monetary theory, as well as other matters. The theories of Tobin are developed and exposited in detail, as is the work of Friedman.

Bibliographic Information

Publish with us

Policies and ethics

Back to top

Search

Navigation