The Basic Theory of Income Determination

  • J. Harvey
  • M. Johnson


This chapter brings together the separate analysis of Chapters 5 and 6. It shows how an equilibrium level of income is determined in a simple economy in which there are only three basic activities — investment expenditure, consumption expenditure and saving.


National Income Consumption Expenditure Equilibrium Level Full Employment Consumption Function 
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Copyright information

© J. Harvey and Janet Johnson 1973

Authors and Affiliations

  • J. Harvey
    • 1
  • M. Johnson
    • 2
  1. 1.University of ReadingUK
  2. 2.Hatfield PolytechnicUK

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