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Home > Catalogue > Money Employment and Inflation
Money Employment and Inflation

Details

  • Page extent: 280 pages
  • Size: 228 x 152 mm
  • Weight: 0.42 kg
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Paperback

 (ISBN-13: 9780521068659)

  • There was also a Hardback of this title but it is no longer available
  • Published July 2008

Manufactured on demand: supplied direct from the printer

 (Stock level updated: 09:40 GMT, 31 August 2015)

£39.99

This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations. In the tradition of Keynes's General Theory of Employment, Interest and Money (published in 1936), and Patinkin's Money, Interest, and Prices, published in 1956 and revised in 1965, this book represents a third generation of macroeconomic theory. This book presents a comprehensive choice-theoretic analysis of the determination of the level of employment and the rate of inflation. A central feature of the book is the recasting of macroeconomic analysis in terms of a theory of exchange under non-market-clearing conditions. In addition, the analysis incorporates other aspects of the current reformulation of macroeconomic theory, including the relation between inflationary expectations, rates of return, and unemployment, the dynamics of aggregate demand, and the significance of incomplete information regarding the spatial distribution of wages and prices.

Contents

1. The basic model; 2. Output and employment under non market-clearing conditions; 3. Capital, financial assets and the rate of return; 4. Inflation and the rates of return; 5. Inflation and unemployment; 6. The dynamics of aggregate demand; 7. Output and employment with wage and price speculation.

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