Money, inflation and economic growth

Monetary theory, besides being a major branch of economics, is a subject of ever-increasing importance in developing coun tries-countries worst hit by present inflationary trends, countries whose entire infrastructure is built on external economic aid, countries whose very existence is a fight for survival in an effort to keep pace with the developed nations of a modern materialistic world.

Money, Inflation and Economic Growth is a comprehensive book that deals with the theoretical aspects of evolving sound financial policies for developing countries, evaluates and reinterprets old concepts and theories in the light of new developments and fresh evidence regarding the effectiveness and limitations of monetary policy in achieving its objectives.

The thirteen essays in this volume are of the nature of brief surveys of important aspects of monetary theory. The author has compiled the vast and scattered literature on the subject, reformulated and restated it with reference to the changing economic context. A book of considerable interest and use fulness to students, economists, researchers and contempo rary thinkers.