1st Edition
A Financial Theory of the Business Cycle Net Present Value and Fractional Reserve Banking
Introduction. The Problem of the Business Cycle
1. The Time Value of Money
2. Net Present Value, Prices, and Cash Flows
3. Net Present Value and the Interest Rate
4. Net Present Value and the Business Cycle
5. Loan Banking and Deposit Banking
6. Fractional Reserve Banking
7. Central Banking
8. From Böhm-Bawerk and Fisher to Hayek
9. Keynes versus Fisher and Hayek
10. Modern Macroeconomics, Fractional Reserve Banking, and the Business Cycle
11. A History of the 100 percent Reserve Banking Proposal
Index
Biography
Edward W. Fuller, MBA, is the author and editor of five books on economics. His latest volumes are A Source Book on Early Monetary Thought and Reinterpreting Mr. Keynes: The IS-LM Enigma Revisited (with W. Young). He has published dozens of articles in a wide variety of forums, such as Cambridge Journal of Economics, Resources Policy, and The Independent Review.
Warren Young, Ph.D (Cantab.), D.Litt (Cantab), is Emeritus Professor, Economics, Bar Ilan University, Israel and visiting scholar, Tepper School of Business, Carnegie-Mellon University. He is author and editor of many books and papers on the history of Modern Economics. His latest volume is Overlapping Generations (with S. Spear). His books for Routledge include Real Business Cycle Models in Economics.
