Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory photograph

Asset Accumulation And Economic Activity: Reflections On Contemporary Macroeconomic Theory

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Originally published 1980
Authors James Tobin
Date of Reg.
Date of Upd.
ID2462744
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About Asset Accumulation And Economic Activity: Reflections On Contemporary Macroeconomic Theory


In this work James Tobin discusses two major issues of macroeconomics: the strength of automatic market forces in maintaining full employment equilibrium and the efficacy of government fiscal and monetary policies in stabilizing the economy.

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