Introduction

Masayuki Otaki

Chapter 1 in Keynesian Economics and Price Theory, 2015, pp 1-12 from Springer

Abstract: 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 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 monetary economy together in comparison to neoclassical microeconomic theory.

Keywords: Fundamental equation; Dynamic Keynesian cross; Involuntary unemployment; Downward sloping Phillips curve without price stickiness; International economics; Economic growth theory (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advchp:978-4-431-55345-8_1

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DOI: 10.1007/978-4-431-55345-8_1

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