Gournot wrote:
A central theme is the relationship between
credit and effective demand. On pages 382 and
388 he explains that global demand is crucially
dependent on global credit creation and,
whatever global credit is created, must be
apportioned equitably between rich and poor countries. (Not a book on SDRs.)
I plan to get the book. How does he define
"credit"? Is it strictly in financial terms?
Thanks,
Ann
At 01:00 PM 1/30/2009, you wrote:
Ann was wondering about this book:
Moore, B. (1988), Horizontalists and
Verticalists: The Macroeconomics of Credit
Money. Cambridge, USA: Cambridge University Press.
A central theme is the relationship between
credit and effective demand. On pages 382 and
388 he explains that global demand is crucially
dependent on global credit creation and,
whatever global credit is created, must be
apportioned equitably between rich and poor countries. (Not a book on SDRs.)
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