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The primary aim of the book is to provide a critical evaluation of the origin and development of the Cambridge saving-investment analysis. This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process. In particular, it charts, for the first time, the various steps taken by this line of inquiry in the writings of Pigou, Hawtrey, Robertson, Lavington and Keynes.

This book aims to start a debate on the relationship between economic theory - and more precisely business cycle theory - and economic policy, emphasising the diversity of views on economic policy which characterised older periods, in contrast to the homogeneity of the analysis and diagnosis provided by current business cycles developments.

Since the 1970s, economic theorists excluding any economic policy interventions and favouring strictly supply-side economic policies have gained a growing influence. The development of Equilibrium Business Cycles theories coincides with...

2010 marks the hundredth anniversary of the death of Leon Walras, the brilliant originator and first formaliser of general equilibrium theory - one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory. This book brings contributions from the likes of Kenneth Arrow,...

2010 marks the hundredth anniversary of the death of Leon Walras, the brilliant originator and first formaliser of general equilibrium theory - one of the pillars of modern economic theory. In advancing much derided practical solutions Walras also displayed more concern for the problems of living in a second best world than is common in modern pure theories of the invisible hand, efficient market hypothesis, DSGE macroeconomics or the thinking of some contemporary free market admirers all based on general equilibrium theory.

This book brings contributions from the likes of...

Price theory has always been and still is at the heart of economic theory. Concentrating on the primary literature, this set brings together texts of the many and often conflicting intelectual endeavours to solve this difficult economic issue.

Price theory has always been and still is at the heart of economic theory. Concentrating on the primary literature, this set brings together texts of the many and often conflicting intelectual endeavours to solve this difficult economic issue.

Price theory has always been and still is at the heart of economic theory. Concentrating on the primary literature, this set brings together texts of the many and often conflicting intelectual endeavours to solve this difficult economic issue.

Price theory has always been and still is at the heart of economic theory. Concentrating on the primary literature, this set brings together texts of the many and often conflicting intelectual endeavours to solve this difficult economic issue.

Price theory has always been and still is at the heart of economic theory. Concentrating on the primary literature, this set brings together texts of the many and often conflicting intelectual endeavours to solve this difficult economic issue.

Price theory has always been and still is at the heart of economic theory. Concentrating on the primary literature, this set brings together texts of the many and often conflicting intelectual endeavours to solve this difficult economic issue.