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A Financial Theory of the Business Cycle: Net Present Value and Fractional Reserve Banking
Paperback
Series: Routledge Frontiers of Political Economy
ISBN13: 9781032867601
Publisher: Routledge
Published: Jul 20 2026
Pages: 210
Weight: 0.69
Height: 0.46 Width: 6.14 Depth: 9.21
Language: English
A Financial Theory of the Business Cycle presents a new approach to business cycle theory based on the net present value. The book develops a novel diagrammatic approach to illustrate how fractional reserve banking systematically distorts net-present-value calculations.
1 different editions
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A Financial Theory of the Business Cycle: Net Present Value and Fractional Reserve Banking
Young, Warren
Fuller, Edward W.
Hardcover
Also from
Fuller, Edward W.
A Financial Theory of the Business Cycle: Net Present Value and Fractional Reserve Banking
Young, Warren
Fuller, Edward W.
Hardcover
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