| Money Employment and Inflation Contributor(s): Barro, Robert J. (Author), Grossman, Herschel I. (Author) |
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ISBN: 0521068657 ISBN-13: 9780521068659 Publisher: Cambridge University Press OUR PRICE: $49.39 Product Type: Paperback - Other Formats Published: July 2008 Annotation: This is a textbook on macroeconomic theory that attempts to rework the theory of macroeconomic relations through a re-examination of their microeconomic foundations. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory - Business & Economics | Economics - Macroeconomics |
| Dewey: 339 |
| Physical Information: 0.63" H x 6" W x 9" (0.91 lbs) 280 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |
