Money, debt and economic activity / Albert Gailord Hart.

Introduction, 1 -- Part I. Banking and the debt structure -- I. Commercial Banking, 21 -- II. Government control of Banking, 77 -- III. Wealth debt, and liquid assets, 119 -- Part II. Liquid holdings, money payments, and prices -- IV. The problem: Price levels or employment?, 143 -- V. Four ways to look at money, 153 -- VI. The transactions-velocity apptoach, 158 -- VII. The payments approach, 168 -- VIII. The cash-balances approach, 191 -- IX. Anticipations and surprises, 216 -- X. Inflation and deflation, 228 -- Part III. Fluctuations: employment and prices -- XI. Key facts on fluctuations, 257 -- XII. A review of the interwar annals, 301 -- XIII. General interpretation of fluctuations, 334 -- Part IV. International monetary relations -- XIV. How nationla monetary systems mesh, 349 -- XV. The foreing Exchange market, 354 -- XVI. The international role of gold, 373 -- XVII. Money and the international spread of fluctuations, 390 -- XVIII. International monetary co-operation, 403 -- Part V. Stabilization policy -- XIX. Introduction, 415 -- XX. Monetary panaceas, 439 -- XXI. Fiscal formulas, 459 -- XXII. Automatic stabilizers: possibilities and limitations, 475 -- XXIII. Discretionary stabilization policy and forecasting, 490 -- XXIV. The monetary constitution, 515 -- Appendices -- Index, 548.