Can we accept or find practical use for macroeconomics in which consumption and investment always move together in the short run? In which these two magnitudes must move in opposition to change the economy's rate of growth for which the long run emerges as a seamless sequence of short runs?
Can we accept or find practical use for macroeconomics in which consumption and investment always move together in the short run? In which these two m...
Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.
Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom...
