Finance as a Constraint in a Developed Economy
What follows is an attempt to bring together the underlying issues, and to show their relevance to each other, and the general implications which emerge. In particular it is concerned with effective demand in a developed economy which is continuing to grow richer, and with the power of fiscal and credit measures to regulate it. It deals with these and other forces whose interaction affects demand, output and prices. It examines the longterm significance of the continuing increase in real income and of increasing wealth per head.
KeywordsInterest Rate Money Supply Financial Asset Money Demand Financial Pressure
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