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.
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About the Author
James Tobin, the 1981 Nobel Laureate in Economics, is the Sterling Professor of Economics at Yale University.
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2 of 2 people found the following review helpful:
5.0 out of 5 stars
Extraordinary,
This review is from: Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory (Paperback)
This book is a must have for all you people who study economics or are interested in matters alike. The degree of analysis that professor Tobin reached in this book makes it a fundamental part of the story of economic theory
1 of 2 people found the following review helpful:
3.0 out of 5 stars
Writing stylistic appeal, not so much.,
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This review is from: Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory (Paperback)
Somehow, most economists, even when they are writing for a general, educated public audience, compose their message in an almost deadly dull and unreadable style. Tobin is no exception. Only a Mother or an academic economist could stand to read this text. It's not inaccurate, it's just boring. And I'm an economist by education/employment.Paul Krugman is an exception. He relates common sense economic insights in an interesting, real-world framework. He purposefully communicates the logic and function of economic theory to the general public within the context of assumed humanitarian purposes of "full employment," financial safeguards and shared prosperity. His writing style leans toward social scientist/historic novelist.
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First Sentence:
Let us go back to the 1930s and to the theoretical controversy ignited by Keynes's iconoclastic General Theory, published in 1936. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
new classical macroeconomics, base money Key Phrases - Capitalized Phrases (CAPs): (learn more)
Journal of Political Economy, New York, United States, General Theory, American Economic Review, Monetarism Mark, American Council of Life Insurance, Brookings Papers, Federal Reserve Bank of Boston New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Let us go back to the 1930s and to the theoretical controversy ignited by Keynes's iconoclastic General Theory, published in 1936. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
new classical macroeconomics, base money Key Phrases - Capitalized Phrases (CAPs): (learn more)
Journal of Political Economy, New York, United States, General Theory, American Economic Review, Monetarism Mark, American Council of Life Insurance, Brookings Papers, Federal Reserve Bank of Boston New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 22
books:
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7
books
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- The Principles of Political Economy (Everyman's Library) by Ricardo on page 7, and page 50
- The Government and Capital Formation (Series on capital investment and saving) by G. Von Furstenberg on page 67, and page 93
- Flexible Exchange Rates by E. Sohmen on page 77, and page 94
- The Crisis in Keynesian Economics by John Richard, Sir Hicks in Front Matter, and page 34
- Political Economy by Allan H. Meltzer in Front Matter, and page 37
See all 22 books this book cites
- Fifty Key Thinkers on Development (Routledge Key Guides) by David Simon on page 263
- Methodological Foundations of Macroeconomics: Keynes and Lucas by Allessandro Vercelli in Back Matter
- The End of Economics (Routledge Frontiers of Political Economy) by Michael Perelman in Back Matter
- A Second Edition of The General Theory: The General Theory: Volume 2 Overview, Extensions, Method and New Developments by G. C. Harcourt in Back Matter
- Wage Determination and Incomes Policy in Open Economies by Anne Romanis Braun in Back Matter
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