Money, credit, and capital

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Irwin/McGraw-Hill, 1998 - Business & Economics - 316 pages
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This long-awaited book, coauthored by Nobel laureate and Yale University emeritus professor Tobin, is the essential guide to monetary theory for those who need the best available, most authoritative economic explanations. This fundamental introduction includes authoritative coverage of the mechanisms of the Federal Reserve and how its policies affect investment activity via interest rates and the credit offered to private borrowers.

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Contents

National Wealth and Individual Wealth
1
Properties of Assets
9
Portfolio Selection with Predictable Assets with
31
Copyright

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About the author (1998)

James Tobin, the 1981 Nobel Laureate in Economics, is the Sterling Professor of Economics at Yale University.