Abstract
The models of the five individual optimizing sectors presented in Chapters 7–11 provide the basis for the unified model of collective economic choice developed in the present chapter. This combined model contains markets for consumption goods, capital goods, labor, equity shares of the private financial sector, equity shares of the nonfinancial business sector, personal loans, checkable deposits, government bonds and advances. Together these markets also constitute a market for high-powered money.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1986 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Whitmore, H.W. (1986). The Complete Model of a Closed Economy. In: Aggregate Economic Choice. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-70945-6_12
Download citation
DOI: https://doi.org/10.1007/978-3-642-70945-6_12
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-16162-2
Online ISBN: 978-3-642-70945-6
eBook Packages: Springer Book Archive