Title: A Neglected Point in Connection with Crises (Reprints of economics classics)
Publisher: Augustus M. Kelley, New York
Publication Date: 1971
Language: English
ISBN 10: 0678007594
ISBN 13: 9780678007594
Binding: Hardcover
Condition: New
Dust Jacket Condition: No Jacket

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Synopsis

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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