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The Theory of Money

Jürg Niehans

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Exploring the function of money as a medium of exchange and a store of value, this major work provides a comprehensive introduction to the pure theory of money and moetary policy.

Jürg Niehans considers his subject in both its microeconomic and macroeconomic aspects. The analysis thus extends from the individual demand for money to monetary policy and the art of central banking. Each chapted opens with a brief, nontechnical summary of its contents; expository material and up-to-date references to the literature are integrated in the discussion. While mathematics is used extensively, the…

Exploring the function of money as a medium of exchange and a store of value, this major work provides a comprehensive introduction to the pure theory of money and moetary policy.

Jürg Niehans considers his subject in both its microeconomic and macroeconomic aspects. The analysis thus extends from the individual demand for money to monetary policy and the art of central banking. Each chapted opens with a brief, nontechnical summary of its contents; expository material and up-to-date references to the literature are integrated in the discussion. While mathematics is used extensively, the required tools do not go beyond the elements of multivariate calculus and nonlinear programming, this making the book appropriate as an introductory text for graduate and advanced undergraduate studies in economics.

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A comprehensive and elegant elaboration of the neoclassical tradition in monetary theory, snythesizing and extending Niehans's earlier work in this field.

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Book Details

Publication Date
Status
Available
Trim Size
5.875
x
9
Pages
328
ISBN
9780801823725
Table of Contents

Preface
Chapter 1. The Neoclassical Tradition
Chapter 2. Money Stocks and Commodity Flows
Chapter 3. Money and Bonds with Given Wealth
Chapter 4. money, Other Assets, and Commodity Flows
Chapter 5. General

Preface
Chapter 1. The Neoclassical Tradition
Chapter 2. Money Stocks and Commodity Flows
Chapter 3. Money and Bonds with Given Wealth
Chapter 4. money, Other Assets, and Commodity Flows
Chapter 5. General Equilibrium of a Monetory Economy, Inflation, and the optimal Return of Money
Chapter 6. Barter and monetary Exchange
Chapter 7. Money as a Medium of Account
Chapter 8. Commodity Money
Chapter 9. The Supply of Bank Money
Chapter 10. Monetary Macrostatics
Chapter 11. Monetary Macrodynamics
Chapter 12. The Art of Central Banking
Bibliography
Index

Author Bio
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Jürg Niehans

Jürg Niehans, professor of political economy at The Johns Hopkins University from 1966 to 1977, is currently professor of economics at the University of Bern, Switzerland. His works have appeared in many distinguished European and American journals, including the American Economic Review, the Journals of Money, Credit, and Banking, the Journals of International Economics, and the Journal of...