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Money, Price, Output, Interest Rate, and Factor Employment: Comparative Theory

Money, Price, Output, Interest Rate, and Factor Employment: Comparative Theory

Copyright: © 2014 |Pages: 23
ISBN13: 9781466646438|ISBN10: 1466646438|EISBN13: 9781466646445
DOI: 10.4018/978-1-4666-4643-8.ch010
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MLA

Masudul Alam Choudhury. "Money, Price, Output, Interest Rate, and Factor Employment: Comparative Theory." Socio-Cybernetic Study of God and the World-System, IGI Global, 2014, pp.284-306. https://doi.org/10.4018/978-1-4666-4643-8.ch010

APA

M. Choudhury (2014). Money, Price, Output, Interest Rate, and Factor Employment: Comparative Theory. IGI Global. https://doi.org/10.4018/978-1-4666-4643-8.ch010

Chicago

Masudul Alam Choudhury. "Money, Price, Output, Interest Rate, and Factor Employment: Comparative Theory." In Socio-Cybernetic Study of God and the World-System. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-4643-8.ch010

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Abstract

This is a chapter in general-equilibrium study of the Walrasian type. It is extended to money, output, and prices along with their other important economic effects (e.g. employment and stability). The Walrasian monetary model and the quantity theory of money model are both compared and contrasted with the endogenous theory of money model in light of the systemic view of unity of knowledge that grounds the phenomenological model in this book.

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