Providing an introduction to major topics in macroeconomic theory,
this book offers the reader three keys for comparing different
models. The first key is a mathematical reformulation of Say's Law.
The second key is the use of the income velocity of the circulation
of money as a behavioural function in accordance with the Friedman
tradition. The third is the use of the Phillips curve to represent
the labour market. The book also deals with rationing equilibria
and some extensions. It provides a neo-Walrasian synthesis of
Patinkin's suggestions and new perspectives on Keynesian criticism
of neoclassical theory.
General
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