{"product_id":"a-financial-theory-of-the-business-cycle-net-present-value-and-fractional-reserve-banking-9781032867601","title":"A Financial Theory of the Business Cycle: Net Present Value and Fractional Reserve Banking","description":"\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Paperback \/ softback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 210 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 20 July 2026\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Taylor \u0026amp; Francis Ltd\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eA Financial Theory of the Business Cycle presents a new approach to business cycle theory based on the net present value. The book develops a novel diagrammatic approach to illustrate how fractional reserve banking systematically distorts net-present-value calculations.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 410g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 234 x 156 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9781032867601\u003c\/p\u003e","brand":"Edward W. Fuller,Warren Young","offers":[{"title":"Paperback \/ softback","offer_id":49972158562554,"sku":"9781032867601","price":46.84,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/files\/1785543473387_book.jpg?v=1785665885","url":"https:\/\/shulphink.com\/products\/a-financial-theory-of-the-business-cycle-net-present-value-and-fractional-reserve-banking-9781032867601","provider":"Shulph Ink","version":"1.0","type":"link"}