Time and Money
The Macroeconomics of Capital Structure
Routledge – 2007 – 276 pages
Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.
Part I; 1: The Macroeconomics of Capital Structure 2: An Agenda for Macroeconomics Part II; 3: Capital-based Macroeconomics 4: Sustainable and Unsustainable Growth 5: Fiscal and Regulatory Issues 6: Risk, Debt and Bubbles: Variation on a Theme Part III; 7: Labour-based Macroeconomics 8: Cyclical Unemployment and Policy Prescription 9: Secular Unemployment and Social Reform Part IV; 10: Boom and Bust in the Monetarists' Vision 11: Monetary Disequilibrium Theory Part V; 12: Macroeconomics: Taxonomy and Perspective