Abstract
The following chapters examine the economic principles which govern the operation of the economy as a whole and show, for example, how changes in government policy affect the level of unemployment and the rate of inflation. This is a controversial subject and the description given here contrasts the monetarist, free-market theories with the more orthodox, Keynesian analysis. However, before these theories can be understood it would be helpful to revise some basic concepts which are used in later chapters.
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Bibliography
A. G. Ford, Income Spending and the Price Level (London: Fontana, 1971).
E. L. Furness, An Introduction to Financial Economics (London: Heinemann, 1972).
Brian Morgan, Monetarists and Keynesians’ their contribution to monetary theory (London: Macmillan, 1978).
‘What’s Going On — eleven briefs on the British Economy’, The Economist (London: The Economist Newspaper Ltd, 1975).
A. J. Westaway and T. G. Weyman Jones, Macroeconomics (London: Longman, 1977).
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© 1979 R. W. Evans and G. H. Makepeace
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Evans, R.W., Makepeace, G.H. (1979). Basic Macroeconomic Concepts. In: Monetary Theory, Institutions and Practice: An Introduction. Palgrave, London. https://doi.org/10.1007/978-1-349-16202-4_2
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DOI: https://doi.org/10.1007/978-1-349-16202-4_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-25333-5
Online ISBN: 978-1-349-16202-4
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