National Income Theory and Its Price Theoretic Foundations [antikvár]

Although this is a graduate textbook, it does not serve the same function as, for instance, Macroeconomic Theory by Ott, Ott, and Yoo, which in some sense it com- plements. Whereas their effort surveys and catalogs a large literature, this book is much more selective in its coverage. Its main concern is with the unifying themes in macro- economics and with its links to microeconomics. Because of this focus, some fairly standard material is omitted altogether. As one of the publisher's readers said, "This book suffers from excessive unity." If so, so be it. It does something important that other books do not do. All the chapters other than 1 and 4 have been tested extensively in graduate courses at The University of Michigan. Chapters 2 and 3 provided the coverage of con- sumption and investment theory in a first-year macro course I taught several years ago. More recently, Chapters 5 through 7 have been used in a second-year course on the economics of interdependent markets, along with the general equilibrium surveys of Bent Hansen and Quirk and Saposnik. Many of the students who have read these chapters have corrected errors and made suggestions for clarifying the presentation. The names that leap to mind are those of Jerry Caprio, André Chaib, Ann Hendricks, Dave Hughart, Carlyn Mitchell, and Lee Phillips, but there have been many others who have been equally gracious and helpful. Kris Driscoll and Fran Patton are the most recent of the many kind people who have typed the various versions of the manuscript and tried to enforce upon it some measure of stylistic and notational unity. Among my many colleagues who have helped me, I would like specifically to thank Professors John Cross, Alan Deardorff, and Robert Holbrook for general assis-