Macroeconomics is an outgrowth from the main stream of classical monetary theory following Keynes. Keynes changed the emphasis from determination of the level of money prices to determination of the level of output and employment. He also changed the key relationship from demand and supply of money as determining the price level to the relationship between consumption expenditure and income, in conjunction with private investment expenditure, as determining the level of output and therefore employment demanded. The income ...
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Macroeconomics is an outgrowth from the main stream of classical monetary theory following Keynes. Keynes changed the emphasis from determination of the level of money prices to determination of the level of output and employment. He also changed the key relationship from demand and supply of money as determining the price level to the relationship between consumption expenditure and income, in conjunction with private investment expenditure, as determining the level of output and therefore employment demanded. The income multiplier replaced the velocity of circulation as the key concept of monetary theory. The tendency of the past twenty-five years has been to reintegrate Keynesian and classical monetary theory into one general system of analysis. Moreover, as inflation has succeeded mass unemployment as a major policy problem, interest in classical monetary theory has revived, while Keynesians have increasingly' emphasized the monetary aspects of Keynesian theory. The proper contemporary distinction is not between two separate branches of economic theory, but between two areas of application or contexts of the theory of rational maximizing behavior. In the one (the microeconomic) context, it is assumed either that the overall workings of the economic system can be disregarded, or that the macroeconomic relationships are in full general equilibrium. In the other (the macroeconomic) context, it is assumed that the maximizing decisions of individual economic units (firms and households) will not necessarily add up to a macroeconomic equilibrium, but will produce a disequilibrium situation that will in the course of time produce changes in the individual decisions.
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Add this copy of Macroeconomics and Monetary Theory to cart. $18.96, very good condition, Sold by Daedalus Books rated 5.0 out of 5 stars, ships from Portland, OR, UNITED STATES, published 1972 by Aldine Pub. Co.
Add this copy of Macroeconomics and Monetary Theory. [Lectures in to cart. $20.00, good condition, Sold by de Wit Books rated 5.0 out of 5 stars, ships from Hutchinson, KS, UNITED STATES, published 1974 by Aldine.
Add this copy of Macroeconomics and Monetary Theory to cart. $22.79, fair condition, Sold by Anybook rated 5.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1971 by Gray-Mills Publishing Ltd, London.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. In fair condition, suitable as a study copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 450grams, ISBN: 0856410004.
Add this copy of Macroeconomics and Monetary Theory to cart. $23.60, fair condition, Sold by My Dead Aunt's Books rated 5.0 out of 5 stars, ships from Hyattsville, MD, UNITED STATES, published 2006 by Routledge.
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Fair. Size: 6x0x9; First U.S. edition 1972; 214 clean, tightly-bound pages with heavy underlining and notations on pp. 23-45; inked initials and date and penciled price on upper front flyleaf; paperback cover is bumped at upper back, creased at lower back corner, has light shelf wear, and has small pieces out of spine; inked initials on lower page edge and light soiling on upper edge.
Add this copy of Macroeconomics and Monetary Theory to cart. $24.19, like new condition, Sold by Books From California rated 4.0 out of 5 stars, ships from Simi Valley, CA, UNITED STATES, published 2006 by Aldine Transaction.
Add this copy of Macroeconomics and Monetary Theory to cart. $25.00, very good condition, Sold by Between the Covers-Rare Books rated 4.0 out of 5 stars, ships from Gloucester City, NJ, UNITED STATES, published 1972 by Aldine Publishing Company.
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Very Good. First American edition. 214pp. Green pictorial wrappers. Very good with spine lightly faded, owner's name penned on front wrapper. "Lectures in Economics, 1."
Add this copy of Macroeconomics and Monetary Theory to cart. $25.44, poor condition, Sold by Anybook rated 5.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1971 by Gray-Mills Publishing Ltd.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has soft covers. Book contains pen markings. In poor condition, suitable as a reading copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 450grams, ISBN: 0856410004.
