The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy Kindle Edition

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ISBN-13: 978-0226773681
ISBN-10: 022677368X
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  • Length: 414 pages
  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Page Flip: Enabled
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Editorial Reviews


"Were I still teaching monetary economics, I wouldn't hesitate to assign it, not as a textbook, but as the testament of one of today's most original monetary economists. For The Money Illusion is capable of teaching them something no textbook ever will, namely, the importance of thinking for oneself."
-- George Selgin ― Barron's

"As the world’s leading 'market monetarist,' Sumner has forced economists and policymakers to rethink their approach to monetary policy, particularly since the Great Recession of 2008–9. This long-awaited book is clearly and effectively written and brings Sumner's unique and valuable perspective into full view."
-- Douglas Irwin, Dartmouth College

"Sumner summarizes, clearly and concisely, lessons drawn from a lifetime of studying both monetary theory and economic history. He skillfully shows how his market monetarist framework helps us understand what went wrong in 2008 and what it will take to bring growth and stability back to the US economy."
-- Peter Ireland, Boston College

"Sumner has assembled all of his ideas and commentary since the beginning of the Great Recession regarding monetary policy, encompassing his writing in journals, books, blogs, and policy papers. Given that Sumner is basically the standard bearer of the market monetarists, this is a welcome task. His systematic application of market monetarism to the Great Recession constitutes a valuable contribution and will probably be used as a reference by many. The virtue of the book is that it is accessible to all."
-- Vincent Geloso, King's University College

"Sumner uses his well-honed blogging skills to explain, for both amateur and professional economists, the 'market monetarist' perspective. The high point is his historical analysis of monetary policy, in the United States and elsewhere, during the 2008 Great Recession. Sumner's thesis directly contradicts the prevailing view that central banks simply lacked the power to offset the overwhelming force of a massive financial shock, and I think his analysis will eventually prove convincing."
-- Nick Rowe, Carleton University
--This text refers to the hardcover edition.

About the Author

Scott Sumner is the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center at George Mason University. He is the author of The Midas Paradox: Financial Markets, Government Policy Shocks, and the Great Depression and the economics blog TheMoneyIllusion
--This text refers to the hardcover edition.

Product details

  • ASIN ‏ : ‎ B09H38YLPL
  • Publisher ‏ : ‎ University of Chicago Press (September 28, 2021)
  • Publication date ‏ : ‎ September 28, 2021
  • Language ‏ : ‎ English
  • File size ‏ : ‎ 3827 KB
  • Text-to-Speech ‏ : ‎ Enabled
  • Screen Reader ‏ : ‎ Supported
  • Enhanced typesetting ‏ : ‎ Enabled
  • X-Ray ‏ : ‎ Not Enabled
  • Word Wise ‏ : ‎ Enabled
  • Print length ‏ : ‎ 414 pages
  • Page numbers source ISBN ‏ : ‎ 022677368X
  • Lending ‏ : ‎ Enabled
  • Customer Reviews:
    4.7 out of 5 stars 5 ratings

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