Money, Banking, and the Business Cycle

Volume Two Remedies and Alternative Theories

  • Authors
  • Brian¬†P.¬†Simpson

Table of contents

  1. Front Matter
    Pages i-xi
  2. Introduction

    1. Brian P. Simpson
      Pages 1-5
  3. Refutation of Alternative Explanations of the Business Cycle

    1. Front Matter
      Pages 7-7
    2. Brian P. Simpson
      Pages 79-110
  4. To Cure the Business Cycle

  5. Epilogue

    1. Brian P. Simpson
      Pages 261-263
  6. Back Matter
    Pages 265-306

About this book


The business cycle is a complex phenomenon. On the surface, it involves a multitude of mechanisms, such as oscillations in interest rates, prices, wages, unemployment, output, and spending. But a deeper understanding requires a unifying theory to make these various parts whole. Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume II refutes Keynesian and real business cycle theories and provides policy prescriptions to virtually eliminate the cycle. Simpson offers a detailed analysis of several historical monetary systems around the world and shows the causes and effects of fiat money and fractional-reserve banking, as well as a 100-percent reserve gold standard.


banking business Keynes money production transition

Bibliographic information