{"product_id":"the-creators-of-inside-money-a-new-monetary-model-von-david-gareth-thomas","title":"The Creators of Inside Money","description":"\n                                \n                \u003cp\u003e\u003c\/p\u003e\n                                \n                \u003cp\u003eThe book explores the endogenous creators of inside money, the commercial banks, and their key role in igniting the 2007-8 monetary crisis and the aftermath of the Great Recession. This is an area of study overlooked by the traditional approach in the form of neo-classical analysis, a body of theory based on a barter system of exchange. Money has evolved from a construct of barter to become a medium of exchange based on fiat money and loan creation by the banking system, underpinned by legal tender, and therefore, a creature of law. It is not a phenomenon exogenously controlled by the monetary authorities and simply assumed to be a “veil” over the real economy, which just determines the absolute price level. \u003c\/p\u003e\n                                \n                \u003cp\u003e\n                                        This monograph, in the eyes of the student, represents critical thinking and the realization of a more precise formulation of the endogenous money supply with various features systematically added in an attempt to derive a fully dynamic model of the monetary system, which will be straightforward to visualize and contrast with the benchmark approach.\n                    \n                    \u003cbr\u003e\n                                    \n                \u003c\/p\u003e\n                                \n                \u003cbr\u003e\n                                \n                \u003cp\u003e\u003c\/p\u003e\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783030079765\"\u003e\u003ch3\u003eA New Monetary Theory\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783030079765","offer_id":39418651050077,"sku":"9783030079765","price":69.54,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/df1cd999-ad5a-4055-a25f-80c9c4535032.jpg?v=1775796544","url":"https:\/\/shop.autorenwelt.de\/products\/the-creators-of-inside-money-a-new-monetary-model-von-david-gareth-thomas","provider":"Autorenwelt Shop","version":"1.0","type":"link"}