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Introduction

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Book cover Keynesian Economics and Price Theory

Part of the book series: Advances in Japanese Business and Economics ((AJBE,volume 7))

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Abstract

This chapter summarizes all five parts of this book. It aims to clarify the objectives of the book for the reader, and to show how cohesively the contents relate to each other. Readers will find that the basic theory of this book, which is ultimately represented by the fundamental equation outlined in Chap. 2, promises quite strong applications in the various fields of macroeconomic theory. This is because the fundamental equation is the critical concept that ties the monetary economy together in comparison to neoclassical microeconomic theory.

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Notes

  1. 1.

    They assume a Hoteling-type circle model. As the distance from an individual, which corresponds to the variation of goods, becomes large, the good produced at such a location brings less utility.

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Authors and Affiliations

  1. Institute of Social Sciences, The University of Tokyo, Bunkyo-ku, Tokyo, Japan

    Masayuki Otaki

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  1. Masayuki Otaki
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Correspondence to Masayuki Otaki .

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Otaki, M. (2015). Introduction. In: Keynesian Economics and Price Theory. Advances in Japanese Business and Economics, vol 7. Springer, Tokyo. https://doi.org/10.1007/978-4-431-55345-8_1

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