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Asset Accumulation and Economic Activity

Reflections on Contemporary Macroeconomic Theory

In this work James Tobin discusses two major issues of macroeconomics: the strength of automatic market forces in maintaining full employment equilibrium and the efficacy of government fiscal and monetary policies in stabilizing the economy.

116 pages | 5.25 x 8.5 | © 1980

Economics and Business: Economics--General Theory and Principles

Table of Contents

I. Real Balance Effects Reconsidered
II. Policies, Expectations, and Stabilization
III. Government Deficits and Capital Accumulation
IV. Portfolio Choice and Asset Accumulation

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