Johnannsen developed a view of the economy in terms of circular flows of money and economic activities portrayed in the form of a wheel-of-wealth diagram for which he was perhaps the first to supply a complete statistical underpinning. Johannsen is best known however for having anticipated Keynes' saving-investment relationship and the multiplier. This edition includes a new introductory note, "N.A.L.J. Johnannsen: Amateur Economist," by Joseph Dorfman.

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I can accept payments from credit/debit cards only through the abebooks website, I cannot process them over the phone unfortunately.

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VAT Number - GB127541913

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Phone - 01274 921 518

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