Without compromising on the side of simplification, Guttmann (economics, Hofstra U.) makes the issue of credit-money comprehensible even to those without a great deal of prior knowledge of economics. The volume is divided into six sections: the theory of money; the historic evolution of money management; the end of the New Deal; the monetary regime in transition; the international dimension of money; and restructuring the American economy. Annotation copyright Book News, Inc. Portland, Or.
This text examines money, credit, and economic activity in the increasingly integrated global economy. It focuses on the problems afflicting the United States as it adapts to the transformation of the world economy.
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