Time, inflaltion and growth

By:

Patnaik, Prabhat

Material type: Text

TextPublication details: New Delhi; Orient Longman; 1988Description: 54 pISBN:

861318781

Subject(s):

Inflation

DDC classification:

339.52 PAT

Summary: The behaviour of output, prices and other macroeconomic variables over time has generated a voluminous literature. Different schools, notably the Keynesian and the Monetarist, adopt different approaches in investigating this behaviour. The author, in these lectures, points out certain inadequacies inherent in each of these approaches, especially in the context of a developing economy and suggests an alternative framework which is sui generis in nature and which throws light on the coexistence of limited public investment along with deficient aggregate demand in India.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	339.52 PAT (Browse shelf(Opens below))	Available		81033

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The behaviour of output, prices and other macroeconomic variables over time has generated a voluminous literature. Different schools, notably the Keynesian and the Monetarist, adopt different approaches in investigating this behaviour. The author, in these lectures, points out certain inadequacies inherent in each of these approaches, especially in the context of a developing economy and suggests an alternative framework which is sui generis in nature and which throws light on the coexistence of limited public investment along with deficient aggregate demand in India.

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