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The Purpose and Three Propositions

In: The Exhaustion of the Dollar

Author

Listed:
  • H. Peter Gray

    (Rutgers - the State University
    Rensselaer Polytechnic Institute)

Abstract

To function efficiently, the global economy must both ensure the absence of major financial crisis and maintain adequate aggregate demand at the global level. There is substantial evidence that the existing system is vulnerable in both the financial and the “real” sectors. This systemic vulnerability and its potentially very large adverse consequences for global macrofinancial efficiency are the foci of this monograph.

Suggested Citation

  • H. Peter Gray, 2004. "The Purpose and Three Propositions," Palgrave Macmillan Books, in: The Exhaustion of the Dollar, chapter 1, pages 3-32, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50020-4_1
    DOI: 10.1057/9780230500204_1
    as

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