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2015 | OriginalPaper | Chapter

1. Introduction

Author : Masayuki Otaki

Published in: Keynesian Economics and Price Theory

Publisher: Springer Japan

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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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next chapter Price Theory in a Monetary Economy

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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Title: Introduction
Author: Masayuki Otaki
Publisher: Springer Japan
Book: Keynesian Economics and Price Theory
Print ISBN: 978-4-431-55344-1

Electronic ISBN: 978-4-431-55345-8

Copyright Year: 2015
DOI: https://doi.org/10.1007/978-4-431-55345-8_1