Part One of this book deals with the theory of how money is created
and destroyed. Essential principles are illustrated by considering
various models of banking systems. Part Two provides an account of
the modern theory of income and employment. * Theory backed up with
examples of the simplest to the most complicated models, for
example: * The model of "a closed economy without a government" to
one in which government expenditure and revenue affect the level of
national income * The model in which the rate of interest and
quantity of money have no effect and the model in which they are
variables relevant to the determination of income
General
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