Description: Macroeconomics is an outgrowth from the main stream of classical monetary theory following Keynes
Brief description:
Harry G. Johnson was Professor of Economics at the London School of Economics and the University of Chicago. He was a Fellow of the American Academy of Arts and Sciences and a Member of the Executive Committee of the American Economic Association. He has been editor of The Manchester School and the Journal of Political Economy and has served on the research staff of the Royal Commission on Banking and Finance, as a Consultant to the Board of Governors of the Federal Reserve System and as a Member of the Review Committee on Balance of Payments Statistics.
Review Quotes:
"This book contains the lecture notes taken by a team of Professor Johnson's students during his graduate course on macro-economics and monetary theory at the London School of Economics... The greatest strength of the book lies in the survey of the theory of the demand for money... [A] useful source of ideas for those designing the scope of their lecture courses."
--John Williamson, The Economic Journal
"This slim volume presents a set of lecture notes based on Harry G. Johnson's graduate course in macroeconomics and monetary theory... I predict that it will have wide interest for teachers--and students--of the standard first-year graduate theory course... As lecture notes they are remarkable. They expound numerous standard pieces of analysis--both simple and moderately complex--always with skill and often with clarity or elegance of conception not found in other expositions of the same points."
--Gardner Ackley, The Journal of Business