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Time and the Macroeconomic Analysis of Income
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Time and the Macroeconomic Analysis of Income
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Book
Time and the Macroeconomic Analysis of Income
2014
Overview
Cover -- Contents -- Foreword -- Acknowledgements -- Introduction -- 1 The Definition of National Income -- Part I: Income as a flow of expenditures -- 1. Stocks and flows -- 2. Keynes's revolution announced -- 3. The controversy on saving and investment -- 4. I = S: a tautology? -- 5. The 'vicious' circle -- 6. Identity I (omitted) S and the rejection of the 'vicious' circle -- Part II: The Keynesian definition of national income -- 1. The Treatise on Money -- 2. From The General Theory to the Treatise -- 3. The General Theory -- 4. Keynes and 'the flow of income' -- 5. Identities versus conditions of equilibrium -- 6. Autonomous expenditures -- 2 The Multiplier Analysis -- Part I: The dynamic multiplier -- 1. The traditional theory -- 2. The multiplier and the identity of S and I -- 3. The multiplier and the identity of Y and C + I -- 4. The multiplier is always and necessarily equal to 1 -- Part II: The instantaneous multiplier -- 1. The multiplier and the multiplicand -- 2. The autonomous expenditures -- 3. Static, dynamic and k (omitted) 1 -- 4. The integration of money: a short appraisal -- 3 The Theory of Emissions -- Part I: The traditional analysis of time -- 1. Continuous versus period analysis -- 2. The determination of national income in continuous and period analysis -- 3. The analogy between economics and classical mechanics -- 4. Expenditures are instantaneous events related to a finite period of time -- 5. A recent dispute on time analysis -- 6. Quantum time and the traditional theory -- Part II: Time as quantum -- 1. The link between expenditures and production -- 2. Creation versus transformation -- 3. The theory of 'integrated' money: a short account -- 4. Emissions -- 5. A short note on profits -- 6. The factors of production -- 4 Ex-Ante and Ex-Post in Chronological and Quantum Time.
