Collected Papers on Monetary Theory

by Robert E. Lucas Jr., Max Gillman

One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. These 21 papers, published 1972–2007, cover core monetary theory and public finance, asset pricing, and the real effects of monetary instability.

Genres: Economics

569 pages, Kindle Edition

First published December 19, 2012

Reviews

[Richard Marney · Rating 4 out of 5]

An arduous trek. Even for true-believers, Robert Lucas is a challenging read, and for Keynesian like me, all the more difficult. This is not a criticism of Dr. Lucas, but of most of us readers. I am going through the New Classical (rational expectations) school again as preparation for a book on which I am collaborating and hence the pain is necessary…….I don’t suggest it otherwise.