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This book presents a series of models which are designed to illuminate many facets of the interactions between monetary and real phenomena in inflationary, less developed economies. Since these interactions are essentially dynamic in character, the models are also dynamic: they seek to elucidate the possible lines of evolution of an economy in response to financial policies of varying degreees of 'repressiveness'.

Durch theoretische Analyse des Zusammenwirkens zwischen monetarem und realem Sektor einer Volkswirtschaft sowie zwischen verschiedenen Produktions- und Handelsstufen innerhalb des realen Sektors wird versucht, mit Hilfe der in der Bundesrepublik verfugbaren Preisindizes die zeitverzogerte Ausbreitung der Inflation uber ein moglichst umfassendes Spektrum von Sektoren (Finanzvermogen, Sachvermogen, Neuproduktion, Grosshandel, Einzelhandel usw.) zu erfassen."

With the end of the post-war boom in the early 1970s, the world economy has experienced large scale unemployment. From an assumption that the unemployment problem had been solved, and that full employment could be maintained through demand management techniques, we now live in an entirely different world. Any suggestion of a return to full employment is met with questions of whether such a thing is possible, whether it would not lead to inflation or to excessive trade union power, or in the case...

The seventeen seminal essays by Robert J. Gordon collected here, including three previously unpublished works, offer sharply etched views on the principal topics of macroeconomics - growth, inflation, and unemployment. The author re-examines their salient points in a uniquely creative, accessible introduction that serves on its own as an introduction to modern macroeconomics. Each of the four parts into which the essays are grouped also offers a new introduction. The papers in Part I explore dif...

Money, Financial Instability and Stabilization Policy consists of original articles by leading Post Keynesians, Kaleckians and other heterodox economists from the developed and developing world. Post Keynesian literature has long been associated with the study of money, financial markets and financial instability. Indeed, this is perhaps the area to which Post Keynesians have made the greatest contributions. The authors to this volume present an overview of the latest research on monetary theory...

The growth of serious interest during the last fifty years in the scholastic contribution to the development of economic thought has been very marked, and no-where more so than in the history of economic thought in Spain. First published in 1978, this book begins in the Middle Ages and traces the effect on business practice and on thought of the presence of the Christian, Islamic and Jewish communities who lived side by side in the Peninsula. It shows how the economics of Plato and Aristotle wer...

The preparation for European Monetary Union and the significant drop in inflation characterize the 1990s for European monetary policymakers. In the near future, the European Central Bank will be given the responsibility to fight inflation in the Euro area. This timely book analyses technical, empirical and international monetary policy considerations relevant to the European Central Bank in choosing an appropriate monetary strategy for achieving price stability. The dynamics of inflation and t...