Mervyn Lewis and Paul Mizen have written a clear and interesting account of both theoretical and practical aspects of money's role in the economy. Taking the UK as their starting point, they have incorporated international data to illuminate key concepts. Grounded in theory throughout, and including helpful chapter conclusions summarizing the key ideas of each topic area, this analysis will allow students world-wide to understand the role of money in the modern economy.

Part One: Theory
1: The Nature of Monetary Economics
2: Monetary Standards
3: The Classical Theory of Money
4: Patinkin and the Walrasian Heritage
5: Keynes's General Theory
6: Portfolio Theory
7: Friedman, Monetarism, and the Quantity Theory
8: Money and Exchange Rates
9: Rational Expectations
10: Optimal Policy Design
Part Two: Policy
11: Modelling the Demand for Money
12: Demand for Money and Financial Innovation
13: The Transmission Mechanism
14: Monetary Policy in Practice
15: Exchange Rates and External Arrangements
16: Inflation Control

Mervyn K. Lewis , National Australia Bank Professor, University of South Australia

Paul D. Mizen , Professor of Monetary Economics, University of Nottingham

Mervyn Lewis is National Australia Bank Professor at the University of South Australia Paul Mizen is Reader in Monetary Economics at the University of Nottingham, and consultant to the Bank of England