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Type of bind: Paperback
Dewey Decimal Number: 339
EAN num: 9780521068659
ISBN number: 0521068657
Label: Cambridge University Press
Manufacturer: Cambridge University Press
Quantity: 1
Page Count: 280
Printing Date: July 10, 2008
Publishing house: Cambridge University Press
Release Date: August 21, 2008
Sale Popularity Level: 950563
Studio: Cambridge University Press
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Product Description:
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.
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