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This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1942.
Martin Bronfenbrenner in the Journal of Finance had this to say when the book was first released "A thoughtful, scholarly, and systematic treatise on the economics of inflation. If this reviewer were asked to hang a course on inflation theory upon one single text, it would almost certainly be this one." The principal concern of this book is to set out the elements that enter into problems of analyzing inflation. This detailed, readable review of contemporary theory on the problems of inflation fills an important gap in the literature on macro-economics that: 1) assesses the implications of inflationary processes for economic policy; 2) synthesizes a general framework within which to illustrate inflationary processes; 3) reconciles the approaches of "demand inflation" and "cost inflation"; and 4) analyzes the determination and behavior of the general price level in an exchange economy. The first part of the book reviews neo-classical and "Keynesian" type models of the closed macro-economy, analyzes determination of the general price level, and introduces a restatement of conventional employment theory with emphasis on the general price level. The second part considers the problems of price and wage determinations and the demand for money in more detail, synthesizing the analyses into a model of the macro-economy and discussing the implications of this model and the preceding analysis for economic policy. Describing alternative approaches to the theory of inflation, each of which has resulted in partial theories, the book avoids fragmentary explanations by setting the entire discussion in the context of a macro-economic general equilibrium framework.
The Economics of John Maynard Keynes: The Theory of Monetary Economy by Dudley Dillard seeks to make The General Theory of Employment, Interest and Money by John Maynard Keynes understandable to both the economist and to the non-economist. First published in 1948 and since translated into over 10 languages, Dr. Dillard’s book has been widely regarded as the seminal scholarship on the monetary aspects of Keynesian economics. In addition to explaining the economic theories of Keynes, Dillard also includes a chapter on Keynes’s philosophical development and the “social philosophy toward which it leads.” Throughout the book, Dillard provides summaries and examines Keynes’ concepts on employment, income, saving, marginal propensity to consume, the investment multiplier, fiscal policy, post-war inflation, interest, and wages.
The Bellagio Group was founded at a time of global economic crisis. This collection brings together the private correspondence and published papers of the Group’s founders, creating a picture of the personalities, issues, debates and compromises leading to the adoption of flexible exchange rates and a modified Triffin plan.
The Bellagio Group was founded at a time of global economic crisis. This collection brings together the private correspondence and published papers of the Group’s founders, creating a picture of the personalities, issues, debates and compromises leading to the adoption of flexible exchange rates and a modified Triffin plan.
One aspect of war is often overlooked: how much do they cost and how are they funded. Funding Extended Conflicts develops a baseline on Federal spending for the two extended conflicts of the Cold War era, Korea and Vietnam, and compares them with the global war on terror, including current outlays for Iraq and Afghanistan. It also provides wartime cases that offer recommendations on how to pay for future wars and focuses on the length of the tails of such spending, which are often omitted in the final analyses and distort funding estimates. Background chapters examine financing and budget issues as well as problems associated with defining the real cost of Korea, Vietnam, and the so-called long war against terrorism and are complemented by an assessment of the open-ended commitment to support homeland defense and conduct ongoing military operations in Southwest Asia. One aspect of war is often overlooked: how much do they cost and how are they funded. Funding Extended Conflicts develops a baseline on Federal spending for the two extended conflicts of the Cold War era, Korea and Vietnam, and compares them with the global war on terror, including current outlays for Iraq and Afghanistan. It also provides wartime cases that offer recommendations on how to pay for future wars and focuses on the length of the tails of such spending, which are often omitted in the final analyses and distort funding estimates. Background chapters examine financing and budget issues as well as problems associated with defining the real cost of Korea, Vietnam, and the so-called long war against terrorism and are complemented by an assessment of the open-ended commitment to support homeland defense and conduct ongoing military operations in Southwest Asia.