Macroeconomics is an outgrowth from the mainstream of classical monetary theory following Keynes. Keynes changed the emphasis from the determination of the level of money prices to the 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...
Macroeconomics is an outgrowth from the mainstream of classical monetary theory following Keynes. Keynes changed the emphasis from the determination o...
This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a standard series of topics, the authors seek to introduce the student from the start to the general equilibrium approach to microeconomics, in the form of the two-sector model. This model is then applied to a variety of subjects in different special fields of economic analysis: welfare economics, international trade, public finance and income distribution. This book represents a very different approach to the teaching of micro-economic theory than...
This is a new kind of textbook in microeconomic theory. In place of the usual concentration on partial equilibrium analysis and discussion of a sta...
This important book presents a theory of general equilibrium and was the first to present in condensed form the construction of the two-sector model, its applications to the theory of distribution and public finance for income redistribution, and its conversion into a growth model. It assembles a body of analysis that was previously available only in scattered journal articles and a few textbook chapters.
This important book presents a theory of general equilibrium and was the first to present in condensed form the construction of the two-sector model, ...
These essays, which make the science of economics intelligible to a general audience, are grouped into six areas: the relevance of economics; the "Keynesian revolution"; economics and the university; economics and contemporary problems; world inflation, money, trade, growth, and investment; and economics and the environment.
These essays, which make the science of economics intelligible to a general audience, are grouped into six areas: the relevance of economics; the "Key...
Harry G Johnson is best known as one of Canada's most respected economists, particularly for his research on international trade and finance and monetary policy. This collection of Johnson's best writing includes some of his wittiest skewerings of the Canadian nationalist movement.
Harry G Johnson is best known as one of Canada's most respected economists, particularly for his research on international trade and finance and monet...
