Modern Monetary Theory
Found 4 free book(s)
Risk Aversion - Princeton University
assets.press.princeton.edu“modern” and they represent an intuitive introduction to the central contribution to ... according to Bernoulli and to modern risk theory, the mathematical expectation of a ... he or she can achieve with the monetary outcome, rather than the monetary outcome itself. Of course, there must be a relationship between the monetary outcome and
Prospect Theory: An Analysis of Decision under Risk
web.mit.edutheory [47, 36], and that most people actually do, most of the time. ... of consequences, most applications of the theory have been concerned with monetary outcomes. Furthermore, most economic applications introduce the ... money, and this idea has been retained in modern treatments (Pratt [33], Arrow
Macroeconomic Theories of Inflation
www.ipedr.comThe monetarists emphasized the role of money. Modern quantity theory led by Milton Friedman holds that “inflation is always and everywhere a monetary phenomenon that arises from a more rapid expansion in the quantity of money than in total output. Its earliest explanation was to be found in the simple quantity theory of money. The monetarists
HISTORY OF ECONOMIC ANALYSIS
digamo.free.frschools, periods, and sub-sets of the topic (e.g. monetary theory, etc.). None of the foregoing, however, is, in my view, magisterial—none attempts to synthesize a vision. History of Economic Analysis and History of Economic Analysis