Money and the real world
Material type:
- 333235193
- 332.401 Dav 2nd ed.
Item type | Current library | Call number | Status | Date due | Barcode | Item holds |
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Gandhi Smriti Library | 332.401 Dav 2nd ed. (Browse shelf(Opens below)) | Available | 5110 |
Money ana the Real World thoroughly integrates developments in income and employment analysis with monetary theory, income distribution theory, and economic growth theory. The ideas advanced are based on the fundamental monetary analysis laid down by John Maynard Keynes in his Treatise on Money and the aggregate supply-and-demand approach of his General Theory. Starting from Keynes's fundamental axioms that in the real world (1) the future is uncertain (in the sense that Knight and Keynes used the term); (2) production takes time and hence if production is to occur in a market economy, someone must undertake
contractual commitments involving performance and money payments in the future; and (3) economic decisions are made in the light of an unalterable past while moving towards a perfidious future, Kevnes's theoretical model is brought up to date in
order to provide a rich harvest of insights on such current economic problems as inflation, finance, accumulation, and the role of money.
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