Money and Government image

Money and Government (Paperback)

by Robert Skidelsky

Total: TK. 1,258

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Money and Government

1st Published, 2019

Money and Government (Paperback)

3 Ratings  |  No Review
TK. 1,258
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Book Length


512 Pages



1st Published


Penguin Books (India)





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Product Specification & Summary

Some parts of the book

Macroeconomics is about money and government, and their relation- ship. The unsettled questions in macroeconomic policy stem from disputes about the part money plays in economic life, and the part gov- ernment should play. For 250 years, the dominant view of the economic profession has been that money is of no importance except when it gets 'out of order', and that government interference with the market usually makes things worse. 'You can't buck the market,' Mrs Thatcher fam- ously declared. A competitive market economy, it was claimed, has an automatic tendency to full employment. Disturbances to employment are the result of interference, usually by or at the behest of governments, creating or promoting monopolies, impeding price adjustments or, cru- cially, by 'monkeying around' with the money supply, thus inducing people to trade at the wrong prices. At first it was believed that control of money should be entrusted to the gold standard; when the gold stand- ard broke down, to independent central banks. Government should be limited to ensuring the conditions required for efficient market exchange. The only task of macro policy was to control the money supply.
Title Money and Government
ISBN 9780141988610
Edition 1st Published, 2019
Number of Pages 512
Country India
Language English

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Money and Government