Can I read Macroeconomics and Monetary Theory (Aldine Treatises in Modern Economics) on EtoBox?

Macroeconomics and Monetary Theory (Aldine Treatises in Modern Economics) by Harry G Johnson, (Harry Gordon), 1923-1977 is a book available to read on EtoBox.

What is Macroeconomics and Monetary Theory (Aldine Treatises in Modern Economics) about?

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)

Author

Harry G Johnson, (Harry Gordon), 1923-1977

Publisher

Routledge

Published

2017

Language

EN

ISBN

9780856410017

Subjects

Economics, Finance, Business

Rating

4.5 / 5 (1 ratings)

Updated

2026-03-14