Reflections on Money

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This volume contains a series of sometimes controversial reflections on money and the conduct of monetary policy by eight distinguished economic analysts and practitioners. The varied topics include: the development of monetary theory; a spirited defence of monetarism; a review of recent monetary and credit trends and their impact on the economy; a discussion of money and stagnation; an analysis of the nature and causes of recent structural change in the British financial system; a survey of the role of money in international trade and a review of some accounting aspects of inflation.