Time And Money: The Macroeconomics Of Capital Structure (Routledge Foundations Of The Market Economy)
by Roger W. Garrison(Author)
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Description
Can we accept or find practical use for a macroeconomics -- in which consumption and investment always move together in the short run -- in which these two magnitudes must move in opposition to change the economy's rate of growth, and -- for which the long run emerges as a seamless sequence of short runs? It is increasingly recognized that the weakness in modern macroeconomic theorizing is the lack of any real coupling of short- and long-run aspects of the market process. In the short run, the i
