The Aims of this Book are threefold. One of the objectives is to reconsider those parts of the theories of international trade and capital movements which can be profitably analyzed with the technique of the money-income multiplier. Furthermore, an attempt is made to develop the multiplier technique in certain respects, applicable not merely to the theory of foreign trade but also to that of the trade cycle and to monetary problems in general. Lastly, the book has the pedagogic objective to present the multiplier pattern in so patient an exposition that it loses all the horrors which it still seems to hold for many, and becomes an easy tool which the student understands to handle with facility and care.
Meet the Author
Fritz Machlup
View Fritz Machlup bio and works
There are learned people, even students of economics, who know little or nothing about Ludwig von Mises. And there are those who have erroneous or distorted knowledge of him, acquired from superficial...
Very young children are forgiven when they misbehave and do silly things. Perhaps social scientists wish to claim this privilege of childhood.
Machlup deconstructs and examines the "Boom Economy" of the day.
References
Augustus M. Kelley, New York, 1965
