Macroeconomics, trade, and social welfare /

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Bibliographic Details
Author / Creator:	Ōyama, Michihiro, 1938- author.
Imprint:	Japan : Springer, [2016]
Description:	1 online resource (xiii, 232 pages .)
Language:	English
Series:	Advances in Japanese business and economics ; volume 14 Advances in Japanese business and economics ; 14.
Subject:	Macroeconomics. International trade -- Econometric models. Public welfare -- Econometric models. Public welfare -- Econometric models. International trade -- Econometric models. Macroeconomics.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11270306

Hidden Bibliographic Details
ISBN:	9784431558071 4431558071 4431558055 9784431558057
Digital file characteristics:	text file PDF
Notes:	Includes bibliographical references and indexes. Print version record.
Summary:	This book develops new, original methods of welfare comparison and comparative dynamics between distinct and discretely positioned (rather than continuously related) socioeconomic situations. These methods are not only realistic but also extremely relevant to serious economic problems. Using them, the book sheds illuminating new light on the theoretical analysis of Keynesian economics and other important issues of political economy. For instance, it shows that the principle of effective demand applies exactly as Keynes put it to the unemployment equilibrium in the short run. It also shows that the equilibrium may change along the expansion path as the government chooses to vary its expenditure to maximize national welfare. The same methods are effectively employed theoretically to investigate modern trade policy issues such as gains from trade, the theory of tariffs, free trade agreements, and the role of the WTO. Those methods are also used to study the welfare and efficiency of various socioeconomic situations.
Other form:	Print version: Ōyama, Michihiro, 1938- Macroeconomics, trade, and social welfare. Japan : Springer, [2016] 4431558055 9784431558057
Standard no.:	10.1007/978-4-431-55807-1

Table of Contents:

Part I Welfare and Macroeconomics
Chapter 1 Multiplier Theory and Public Goods: A Macroeconomics of the Mixed System
Chapter 2 Unemployment and Inflation: Natural Wage Rate Hypothesis
Chapter 3 A Macroeconomic Theory of Money, Income, and Distribution
Part II Welfare and Trade
Chapter 4 Trade and Welfare in General Equilibrium
Chapter 5 Domestic Distortions and the Theory of Tariffs
Chapter 6 Tariffs and the Transfer Problem
Chapter 7 Innovations and International Trade
Chapter 8 Factor Endowments and Pattern of Commodity and Factor Trade
Chapter 9 Partial Free Trade Agreements and Economic Welfare: Reconsidering GATT Article 24
Chapter 10 Market, Trade and Welfare in General Equilibrium
Part III Welfare and Efficiency
Chapter 11 Welfare and Efficiency:Socio-economic Controversies in the Modern Times
Chapter 12 A Theoretical Framework of Mixed Systems.

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