Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory.. Cet article n’est pas disponible.Asset Accumulation and Economic Activity: Reflections on Contemporary Macroeconomic Theory.

First edition of this work by the Nobel Prize-winning economist. Octavo, original cloth. Near fine in a very good dust jacket, name to the front free endpaper. In this work James Tobin discusses two major issues of macroeconomics: the strength of automatic market forces in maintaining full employment equilibrium and the efficacy of government fiscal and monetary policies in stabilizing the economy.