Macroeconomics, Prices, and Quantities

Tobin, James

Published by Brookings Inst Pr, 1982
ISBN 10: 0815784856 / ISBN 13: 9780815784852
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Synopsis: This book of essays is devoted to a discussion and elaboration of Arthur M. Okun’s theories and policy prescriptions as outlined in his posthumously published Prices and Quantities: A Macroeconomic Analysis. Okun hoped that his work would stimulate just such discussions on both macroeconomics and microeconomics and specifically on methods of fighting stagflation. The essays follow the general pattern of Okun’s book. Martin Neil Baily and John B. Taylor deal with implicit contracts in labor markets Baily with their effect during the depression, and Taylor with the role of expectations in such contracts. Two papers are on product markets: Robert J. Gordon focuses on the stickiness of prices and wages in three countries; Guillermo A. Calvo and Edmund S. Phelps examine equilibria in markets that are imperfect because information about prices and quantities is scarce. The fifth and sixth papers are on asset markets. Benjamin M. Friedman questions whether credit as well as asset aggregates should be considered in the formulation of monetary policy; Lawrence H. Summers analyzes the long-term response of interest rates to inflation. In the seventh paper William D. Nordhaus discusses macroeconomic theories and whether they can help explain and devise solutions for economic problems such as chronic inflation and high unemployment. The book ends with contributions by Robert A. Mundell and James Tobin on macroeconomic policy. Joseph A. Pechman and Julie A. Carr provide an introduction and summary.

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Bibliographic Details

Title: Macroeconomics, Prices, and Quantities
Publisher: Brookings Inst Pr
Publication Date: 1982
Book Condition: Good
Edition: First Edition.

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Tobin, James
Published by Brookings Inst Pr (1982)
ISBN 10: 0815784856 ISBN 13: 9780815784852
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Book Description Brookings Inst Pr, 1982. Condition: Good. First Edition. Ships from Reno, NV. Former Library book. Shows some signs of wear, and may have some markings on the inside. Seller Inventory # GRP92155346

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James Tobin
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Book Description Brookings Institution Press. Paperback. Condition: Good. A copy that has been read, but remains in clean condition. All pages are intact, and the cover is intact. The spine may show signs of wear. Pages can include limited notes and highlighting, and the copy can include previous owner inscriptions. An ex-library book and may have standard library stamps and/or stickers. At ThriftBooks, our motto is: Read More, Spend Less. Seller Inventory # G0815784856I3N10

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Book Description Brookings Institution Press, 1983. Trade Paperback. Condition: Very Good. Cover has some mild wear along edges. Pages of text are clean, bright and free of markings. Binding is tight and secure. ***Ships today or next business day. Our books are carefully described and packaged in boxes (not envelopes). A gift card and personalized message can be included upon request.*** Size: 9x6. Seller Inventory # 218775

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Book Description Brookings Institution Press, 1983. Paperback. Condition: Good. First Edition. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. May not contain Access Codes or Supplements. May be ex-library. Shipping & Handling by region. Buy with confidence, excellent customer service!. Seller Inventory # 0815784856

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