O'Reilly logo

Economic Behaviour (Routledge Revivals) by Colin Harbury

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 8Money

We started and ended the last chapter on notes of caution. We outlined there a theory of income determination, which was called Keynesian, and which showed that the national income in a country would be determined by the level of aggregate demand. Caution was urged on the reader because the theory was presented in a very simplified form. We omitted consideration of a variety of determinants of aggregate demand in order to focus attention on the role of income itself. Consumption, for example, was starkly said to be dependent on income and investment expenditure was regarded, most of the time, as a constant.

We shall not be able to consider all the determinants of aggregate economic behaviour in this book. One factor that has, however, ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required