Graduate level text for courses & seminars in monetary theory. Based on materials from the author's graduate courses at Yale and M.I.T., these notes were revised and updated by the author over many years. The final version of the notes was reworked and expanded into this text/reference by Stephen Golub. Money, Credit, and Capital is to be selectively comped.This long awaited book by a Nobel Laureate was originally intended as the book on Money for the McGraw-Hill Economics Handbook Series edited by the late Seymour Harris.Microeconomic foundations describe how those active participants in the economy or wealth owners, make decisions managing their portfoliosThe mechanisms of Federal Reserve monetary policies are analyzed in detail. The link is made from Federal Reserve policy moves to real investment activity through q and through the interest rates and credit lines offered private borrowers.