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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

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

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