Monetary Theory of Employment

Presents the author's alternative monetary theory and macroeconomics to both the quality theory and Keynes's work. This text reveals Means's view of the economic processes in the real world, and the state of monetary and macroeconomics theory in the mid-1940s. Introduction: Means and the Making of an Anti-Keynesian Monetary Theory of Employment 1. Introduction Part I. Theories of Employment 2. The Saving-Investment Theory of Employment 3. A Challenge to the Saving-Investment Theory 4. The Classical Theory of Employment 5. The Marxian Theory of Employment Part II. An Insensitive-Price Theory of Economic Adjustment 6. Insensitive Prices and Wage Rates 7. Aggregate Demand and Insensitive Prices Part III. A Monetary Theory of Aggregate Demand 8. The Demand for Money 9. Assets and Economic Management 10. The Determinants of Aggregate Demand Part IV. A Monetary Theory of Employment 11. A Monetary Theory of Employment 12. The Necessity of Testing the Monetary Theory 1Part V. Problems of Corrective Action 13. The Problem of Maintaining Full Employment 14. The Problem of Achieving Full Employment 115. The Problem of Inflation 16. Dynamic Problems17. Certain International Implications of the Monetary Theory 18. Toward a Positive Program