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catalog contributor b3145358.
catalog created "c1976.".
catalog date "1976".
catalog date "c1976.".
catalog dateCopyrighted "c1976.".
catalog description "Bibliography: p. 141-145.".
catalog description "Employment policy and alternative price-level targets -- Success and failure in past periods -- Pt. 4. Induced innovations, distributive shares, and sustainable employment along the growth path. Rates of return and distributive shares -- Innovations and income distribution -- Offsetting tendencies -- Problem of incompatible income claims -- Pt. 5. Outline of a macroeconomic equilibrium system and the problem of shortcuts. Nature of a macro-equilibrium system -- Unnumbered equation for the supply of output -- Demand slide: symbols and implications -- Finding the values of policy variables ensuring equality of aggregate demand with the supply defined in section 2 -- Extreme simplifications along quantity-theoretical lines -- Extreme simplification along stagnationist lines -- Leanings contrasted with extreme simplifications -- Pt. 6. Monetarist and neo-Keynesian leanings: useful or misleading labels. Simplifications involving interest rate effects -- ".
catalog description "Pt. 1. Main theme and the nature of the approach. Sketching the content -- Combining methods of approach -- Unconvincing objections -- Pt. 2. Fundamentals in an elementary analytical framework. Reorientation of macro-theory during the 1930's -- Imprint of a past era -- Meaning of Say's law in a simple quantity-theoretical framework -- Basic elements of the Keynesian system and the Cambridge equation -- Income-expenditure or stock-to-expenditure approach -- Interdependence with the rest of the world -- Pt. 3. Employment theory and the price level. Generalization of the argument against reliance on Say's law -- Valid description of the process behind Say's law -- Alleged real-wage equilibrating effect of inflation -- Phillips trade-off in view of the American experience -- Trends in real wages and in real profits during the recent inflationary period -- Uselessness of the distinction between voluntary and involuntary unemployment -- ".
catalog description "What is behind a simple regularity -- Appraising the monetarist emphasis on M targets -- Labels that misdirect attention -- Pt. 7. Policy problems, present and future. Immediate antecedents: overexpansion and commodity shortages -- Main difficulty: the public's self-justifying skepticism about policy makers -- Limited but improving foresight: introductory observations on the Troika forecasts -- Forecasting record from 1962-1975 -- Break in the mid-1960's -- Gradualism and abruptness -- Subsistence guarantees, market power, and the problem of measured unemployment -- Turning from the spurious distinction between voluntary and involuntary unemployment to substantive problems -- Alternative -- Future of macroeconomics.".
catalog extent "150 p. ;".
catalog hasFormat "Towards a reconstruction of macro-economics.".
catalog identifier "084471318X :".
catalog isFormatOf "Towards a reconstruction of macro-economics.".
catalog issued "1976".
catalog issued "c1976.".
catalog language "eng".
catalog publisher "Washington : American Enterprise Institute for Public Policy Research,".
catalog relation "Towards a reconstruction of macro-economics.".
catalog subject "339".
catalog subject "Economic policy.".
catalog subject "HB171.5 .F4114".
catalog subject "Macroeconomics.".
catalog tableOfContents "Employment policy and alternative price-level targets -- Success and failure in past periods -- Pt. 4. Induced innovations, distributive shares, and sustainable employment along the growth path. Rates of return and distributive shares -- Innovations and income distribution -- Offsetting tendencies -- Problem of incompatible income claims -- Pt. 5. Outline of a macroeconomic equilibrium system and the problem of shortcuts. Nature of a macro-equilibrium system -- Unnumbered equation for the supply of output -- Demand slide: symbols and implications -- Finding the values of policy variables ensuring equality of aggregate demand with the supply defined in section 2 -- Extreme simplifications along quantity-theoretical lines -- Extreme simplification along stagnationist lines -- Leanings contrasted with extreme simplifications -- Pt. 6. Monetarist and neo-Keynesian leanings: useful or misleading labels. Simplifications involving interest rate effects -- ".
catalog tableOfContents "Pt. 1. Main theme and the nature of the approach. Sketching the content -- Combining methods of approach -- Unconvincing objections -- Pt. 2. Fundamentals in an elementary analytical framework. Reorientation of macro-theory during the 1930's -- Imprint of a past era -- Meaning of Say's law in a simple quantity-theoretical framework -- Basic elements of the Keynesian system and the Cambridge equation -- Income-expenditure or stock-to-expenditure approach -- Interdependence with the rest of the world -- Pt. 3. Employment theory and the price level. Generalization of the argument against reliance on Say's law -- Valid description of the process behind Say's law -- Alleged real-wage equilibrating effect of inflation -- Phillips trade-off in view of the American experience -- Trends in real wages and in real profits during the recent inflationary period -- Uselessness of the distinction between voluntary and involuntary unemployment -- ".
catalog tableOfContents "What is behind a simple regularity -- Appraising the monetarist emphasis on M targets -- Labels that misdirect attention -- Pt. 7. Policy problems, present and future. Immediate antecedents: overexpansion and commodity shortages -- Main difficulty: the public's self-justifying skepticism about policy makers -- Limited but improving foresight: introductory observations on the Troika forecasts -- Forecasting record from 1962-1975 -- Break in the mid-1960's -- Gradualism and abruptness -- Subsistence guarantees, market power, and the problem of measured unemployment -- Turning from the spurious distinction between voluntary and involuntary unemployment to substantive problems -- Alternative -- Future of macroeconomics.".
catalog title "Towards a reconstruction of macro-economics : problems of theory and policy / William Fellner.".
catalog type "text".