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El modelo de la determinación de la renta, el interés y el dinero en Germán Bernácer

José Villacís González
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José Villacís González: Universidad CEU Sau Pablo

EKONOMIAZ. Revista vasca de Economía, 2012, vol. 79, issue 01, 317-344

Abstract: This article deals with the work of Germán Bernácer (Alicante, 1883-1965), who many people attribute the birth of macroeconomics. It focuses in the main concepts of theory of availabilities, the dynamics of generating and distributing income and the determination of goods’ prices and interest, based on his book Sociedad y Felicidad. Un Ensayo de Mecánica Social (Society and Happiness: an Essay on Social Mechanics), and all of them are compared with Keynes’ theory. Besides it is included a vision of contemporary macroeconomics through mathematical expression to the demand for and supply of money based on his theory of availabilities and on the dynamic formulation of the identity savings and investment.

Keywords: availabilities; net availabilities or third-degree availabilities; interest; income flow (search for similar items in EconPapers)
JEL-codes: E13 E43 E44 (search for similar items in EconPapers)
Date: 2012
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