The Importance of Money: Essays in Domestic Macroeconomics, 1949-1999
H.W. Arndt is one of Australia's leading economists. These essays, written over a period of 50 years, cover a broad range of his highly acclaimed work, from analytical issues in monetary and fiscal theory to political economy. The earlier essays will appeal particularly to those interested in the history of economic thought whilst the most recent essays deal with topical issues such as economic globalization.
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Keyness Theory of Wages
Hickss Trade Cycle Theory
Deliberate Saving and the Consumption Function
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Revival: The Importance of Money (2001): Essays in Domestic Macroeconomics ...
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acceleration principle adjustment advances Arndt assumption Australia Australian Financial Review autonomous investment balance of payments bond boom borrowing ceiling cent changes cheap money Churchill Coghlan consumption function contractual saving costs countries credit rationing customers decisions to spend deliberate saving demand depression direct investment domestic economists effects estimates exchange rates expected expenditure explained export fluctuations full employment globalisation Hicks important income tax increase induced investment industries inflation inflationary inflow interest rates investment coefficient Keynes Keynes's Keynesian labour liquidity loan London long-term rates macroeconomic monetary policy money supply money wages national income NFDI output overdraft overdraft limits overseas investment political economy post-war problem production Professor Rowan rate of interest Reaganomics reason reduce repayments Reserve Bank rise short-term social South Wales statistics supply-side supply-side economics tax cuts theory trade cycle trading banks unused limits Zealand