1. The quest for price stability -- 2. What is money? -- 3. Credit-money and inflation -- 4. Critical realism and process analysis -- 5. Keynes's revolving fund of investment finance -- 6. Davidson's analysis of the revolving fund -- 7. A theory of credit-money inflation -- 8. Inflation and growth -- 9. Fiscal deficits and inflation -- 10. Monetary policy and price stability -- 11. Conclusion
Summary
Annotation Beginning with the development of credit-money theory in the twentieth century, Paul Dalziel derives a model that explains how interest rates are used by authorities to maintain price stability. His conclusions suggest ways in which the current policy framework can be improved to promote growth, without sacrificing that stability
Bibliography
Includes bibliographical references (pages 148-169) and index
