Time and the Macroeconomic Analysis of Income [Hardcover]

Time and the Macroeconomic Analysis of Incomewill undoubtedly puzzle, stimulate, infuriate, or annoy many readers. Alvaro Cencini challenges so many of the commonly held notions which are perpetuated in elementary textbooks and taken for granted in learned journals that a first reaction is bound to be that the author must be naive or ignorant  this is far from the case; the questions that Cencini raises are original and searching. His answers are even more intriguing for economists and interested readers.

Foreword  by Professor Meghnad Desai
Acknowledgements
Introduction
1. The Definition of National Income
Part I: Income as a Flow of Expenditures
Part II: The Keynesian Definition of National Income
2. The Multiplier Analysis
Part I: The Dynamic Multiplier
Part II: The Instantaneous Multiplier
3. The Theory of Emissions
Part I: The Traditional Analysis of Time
Part II: Time as Quantum
4. Ex-Ante and Ex-Post in Chronological and Quantum Time
Part I: The Ex-ante Determination of Income
Part II: Saving and Investment in Quantum Time and in Continuous Time
Bibliography
Index of Names
Analytical Index

Alvaro Cenciniis an economist at the Universita della Svizzera Italiana, Italy.