S. Harris ( New York : Knopf , 1947 ) , pp . 572-87 ; “ The Cruel Dilemma , ” in The Battle against Unemployment , rev . ed . , ed . Arthur M. Okun ( New York : W. W. Norton & Co. , Inc. , 1972 ) , pp . 44–53 ; and “ Inflation and ...
Since more output requires more labour input, the output multiplier implies an employment multiplier (Kahn, 1931). Hence an increase in autonomous spending raises output and employment. Starting from a position of less than full ...
The book first introduces the building blocks of macroeconomics, the heart of which is the representative consumer.
Modern Macroeconomics
Erudite, accessible and lucidly written, this book is both a stimulating introduction and excellent guide to the controversies and diversity of modern macroeconomic debates.
The book first introduces the building blocks of macroeconomics, the heart of which is the representative consumer.
Textbook on macroeconomics - covers the measurement of unemployment and inflation, various economic theories of prices, definition of the business cycle, the Keynesian approach to income, employment and investment, economic...
Modern Macroeconomics: Major Contributions to Contemporary Thought
'Brian Snowdon and Howard Vane are well-known for their astute understanding of the main macroeconomic schools of thought and their skilled use of interviews with major figures. Here, they deploy...