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The Fundamental Economics

In: One Money for Europe?

Author

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  • Malcolm Crawford

Abstract

To understand the economic consequences of a European system of fixed exchange rates, and of a European monetary union, a grasp of the relevant aspects of economics is necessary. This chapter and the next will therefore explore a number of important concepts, some of which are not well understood by non-specialists, even though they are mentioned in the financial press from time to time. Misunderstandings about these fundamentals have impaired much of the public debate. Any readers who are uninterested in economic causation should perhaps skip to Chapter 5.

Suggested Citation

  • Malcolm Crawford, 1996. "The Fundamental Economics," Palgrave Macmillan Books, in: One Money for Europe?, chapter 3, pages 24-27, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25035-6_3
    DOI: 10.1007/978-1-349-25035-6_3
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