Money and Value

Discover the intricate dynamics of monetary economics in Money and Value by Jean-Michel Grandmont, published by Cambridge University Press in 1985. This insightful book delves into a significant theoretical issue that influences ongoing debates in macroeconomics. Grandmont examines whether a competitive monetary economy possesses inherent mechanisms capable of effectively eliminating excess demands and supplies across all markets through an automatic adjustment of the price system. With 212 pages of thought-provoking analysis, this paperback edition is a must-read for anyone interested in economic history, monetary policy, and the complex interplay between money and value. Enhance your understanding of the principles that govern economic systems with this essential addition to your business and economics library.