Theory of money
- Oxford Clarendon Press 1962
- 171p.
IN this book author tried to give a short but complete exposition of the theory of money on a narrow interpretation of that field. Author treated the analysis of aggregate demand as being outside the scope of my subject and simply used the basic model as a framework into which to fit the monetary analysis. Similarly author not attempted to deal with institutional factors but have confined myself to an analysis only of those structural relationships which it is essential to understand in order to see how the theory operates in practice. This has been done in terms of the financial structure of the United Kingdom, whence situations and statistics have been used throughout as illustrations. This context does not, however, limit the generality of the basic theory. My main concern has been with synthesis. Monetary theory is outstandingly rich in the variety of its approaches and this profusion of ideas is sometimes a source of confusion