cover image

Towards a reconstruction of macro-economics : problems of theory and policy / William Fellner.

Washington : American Enterprise Institute for Public Policy Research, [1976] .
ISBN 084471318X, 9780844713182

Location Call Number Status Consortium Loan
George Washington
WRLC Shared Collections Facility
HB 171.5 .F4114 Off-site
WRLC Shared Collections Facility
HB 171.5 .F4114 Off-site
WRLC Shared Collections Facility
HB 171.5 .F4114 Off-site
WRLC Shared Collections Facility
HB 171.5 .F4114 Off-site
WRLC Shared Collections Facility
HB 171.5 .F4114 Off-site
Mt. Vernon campus stacks
HB171.5 .F4114 c.2 Available Request
WRLC Shared Collections Facility
HB171 .F33 Off-site
Mullen Library stacks
HB171.5.F31 T7 Available Request
UNIV General stacks
339 F41t, 1976 Available Request
George Mason
Gateway Library stacks
HB171.5.F4 T6 Available Request
Fenwick stacks
HB171.5.F4 T6 Available Request
Off-Campus Shelving
H11 .A4 no. 395 Available Request
Founders Library stacks
HB171.5 F4114 Available Request
Jacob Burns Law (George Washington)
GW Law: Restricted access policy--Borrowing through ILL only
HB171.5 .F4114
Subjects Doctrines économiques.
Economic policy.
Politique économique.
Description 150 pages ; 23 cm
Copyright Date [1976]
Notes Includes bibliographical references (pages 141-145) and index.
Contents pt. 1. Main theme and the nature of the approach. Sketching the content -- Combining methods of approach -- Unconvincing objections -- part 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 -- part 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 -- Employment policy and alternative price-level targets -- Success and failure in past periods -- part 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 -- part 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 -- part 6. Monetarist and neo-Keynesian leanings: useful or misleading labels. Simplifications involving interest rate effects -- What is behind a simple regularity -- Appraising the monetarist emphasis on M targets -- Labels that misdirect attention -- part 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.
Network Numbers (OCoLC)2366586
WorldCat Search OCLC WorldCat
WorldCat Identities Fellner, William, 1905-1983.
Publication timeline, list of works, related names and subjects and other information


Export citation to: RefWorks