Book notes: The money minders, by Jagjit S Chadha

This book acts as an invaluable primer on money-credit-fiscal theory and practice

The Money Minders, by Jagjit Chadha

Jagjit S Chadha, The money minders: the parables, trade-offs and lags of central banking, Cambridge University Press 2022, February 2022, 230 pages

This profound yet entertaining book deserves a wide audience. It explains to non-specialists interested in practical macroeconomic policy the many theories that help shed partial (and often contradictory) light on what we call ‘money’. It should also be required reading for specialist monetary economists.

Money is not magic. Most policy problems

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