| A Neo-Keynesian Theory of Inflation and Economic Growth Softcover Repri Edition Contributor(s): Fujino, S. (Author) |
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ISBN: 354006964X ISBN-13: 9783540069645 Publisher: Springer OUR PRICE: $52.24 Product Type: Paperback Published: October 1974 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General - Business & Economics | Public Finance |
| Dewey: 332.41 |
| Series: Lecture Notes in Economic and Mathematical Systems |
| Physical Information: 0.22" H x 6.69" W x 9.61" (0.41 lbs) 98 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 'lhe PUIllooes of this study are to investigate processes of cyclical fluctuations, inflation and economic g: t'Oo'lth, and conComitantly, to relate the short-run analysis to the long-run analysis of the econaT\Y as far as feasible under the confines of this investigation. First of all, we shall present a theory of investnent in Chapter 1. We shall make evident defects included in the neo-classical theory of investnent, founded in particular by I. Fisher and a variant of which is the Keynesian version, by taking into account recent studies of investnent and by formulating a new theory of investnent. Its incorporatim into our dynamic analyses is one of the reasons why the theory developed in this study is referred to as Neo- Keynesian. Brlefly, the theory is characterlzed by firm investnent being a function of the firm's expected stock of money, the expected marginal productivi- ty of capital, and the expected rate of inflation (or the firm's subjective rate of real interest) . |