Contemporary Monetary Theory : Studies of some Recent Theories of Money, Prices and Production

Examines the theories of four writers on monetary and business cycle problems: R.G. Hawtrey, D.H. Robertson, F.A. von Hayek, and J.M. Keynes. Focuses on the concepts and analytical procedures involved in the different theoretical systems. Preface Contents Part I. R. G. Hawtrey Chapter I. Introduction Chapter II. Hawtrey’s Monetary Approach to Business Cycle Theory Chapter III. Theory of Price Movements Chapter IV. Elements in Hawtrey’s Equilibrium Analysis Chapter V. Theory of the Business Cycle and of Economic Depression Chapter VI. Control Program Chapter VII. Summary of Comments On Hawtrey’s Theory Part II. D. H. Robertson Chapter I. Introduction Chapter II. General Character of the Theory Chapter III. Factors Making for Change in the Rate of Economic Activity and Their Relation to Standards of Economic Policy Chapter IV. Banking Policy and Capital Formation Chapter V. The Business Cycle and Its Control Chapter VI. Price Level Policy Chapter VII. Conclusions Part III. F. A. Von Hayek Chapter I. Introduction Chapter II. The General Nature of Hayek’s Theory Chapter III. The Concept of the Structure of Production Chapter IV. Variations in Price Margins and Changes in the Structure of Production Chapter V. The Period of Production Considered as an Investment Period: Criticisms By Professor F. H. Knight Chapter VI. The Policy of “Neutral Money” Chapter VII. General Summary Part IV. J. M. Keynes Chapter I. Introduction Chapter II. Basic Terminology of the General Theory Chapter III. The Propensity to Consume and the “Multiplier” Chapter IV. The Marginal Efficiency of Capital and the Rate of Interest Chapter V. The Theory of Price Movements Chapter VI. The Business Cycle and Plans for the Stabilization of Activity Chapter VII. Summary Part V. Concluding Remarks Appendix: Bibliographical Note Index