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2015 | OriginalPaper | Buchkapitel

1. Introduction

verfasst von : Masayuki Otaki

Erschienen in: Keynesian Economics and Price Theory

Verlag: 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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Nächstes Kapitel 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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Titel: Introduction
verfasst von: Masayuki Otaki
Verlag: Springer Japan
Buch: Keynesian Economics and Price Theory
Print ISBN: 978-4-431-55344-1

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

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