310 Index

Red Cross 25 selling

refrigerators 76 behavior 17
regression theorem 557 prices of firms 232
Reichsbank, Germany 223, 240 Shackle, G.L.S. 86, 296
relative prices 27 Shah, P.J. 26, 27, 30, 65, 296
repurchase agreements 63 Shaw, E.S. 131, 132, 139, 287
resources 110 Sheffrin, S.M. 216, 284
retailers 228 shocks 208
retirement 186, 273 shopping 218
revaluations 258 shrinkage 104
reward for thrift 158 Silber, W.L. 139, 296
Ricardian equivalence proposition Simpson, T. 63, 296
1367 Smithsonian agreement 259
Ringer, F.K. 240, 295 Sniderman, M.S. 235, 286
risk 43 Snowdon, B. 197, 216, 2967
Robertson, Sir Dennis 1267, 295 Snower, B.J. 196, 2912
Rogoff, K. 235, 295 Solow, R.M. 297
Romer, D. 170, 198, 281 Somers, H.M. 117, 285
Rotemberg, J.J. 231, 295 Sommer, A. 297
speculation 205, 243, 257
Salop, S.C. 196, 295 spending 12, 16, 46, 91, 125,
Samuelson, P.A. 280, 296 approach 1720
Sargent, T. J. 206, 207, 296 deficiency of 102
Saving, T.R. 412, 296 flow 6, 116, 188
savings framework 18
bonds 103 on goods 115
and investment 92 nominal 190
placement of 219 and output 25
pooling 22 recovery 110
Say, J.B. 139, 296 on services 115
Says Law 1, 1619, 33, 100 shortfall 106
Scadding, J.L. 63, 119, 289 shrinking 251
Schelling, T.C. 195, 196, 296 terminology 18
Schlicht, E. 196, 296 total 5, 12, 14
Schultze, Charles 194, 226, 296 stagflation 29, 215, 221, 227, 229, 230
Schumpeter, J.A. 21, 2630, 296 other aspects 2367
Schwartz, A. 125, 286 stagnation 138
Scrope, G.P. 202, 296 Stanley, T.O. 137, 297
Seater, J.J. 136, 137, 296 Starr-McCluer, M. 136, 297
securities 17, 45, 50, 578, 62, 65, 778, Stiglitz, J.E. 114, 196, 216, 282, 287,
812, 205 2967
funds into 39 stock
interest-bearing 15 build-ups 86
or money 40 concepts 87
markets 22 demand and supply 92
short-term 123 equilibrium and disequilibrium 86, 91,
Selgin, G. A. 66, 296 93, 98
sellers excess 94, 100
inflation 225 market investment 219
market 108 and transactions-flows 847, 91
 Index 311

Struthers, A. 139, 294 unemployment 89, 90, 95, 99, 106, 111,
substitution 268, 269 205, 223
Summers, L.H. 216, 284 and employment 174
superleverage of money 61 and workers demand for commodities
supplies, real, limited 188 100
supply and demand 23, 37, 57, 89, union militancy 225
analysis 56 United States of America 138, 222
disequilibrium 83 and dollars special role 260
imbalance 18, 19 gold 242
of money 71 money supply 118
quantities 98 utility functions money in 413, 55
Swedberg, R. 65, 297
vacations 239
tariffs and trade barriers 261 Valavanis, S. 160, 298
Tavlas, G.S. 262, 281 value measure, money as 22
tax 136, 137 Vane, H.R. 197, 216, 241, 2967
Taylor, A.M. 189, 282 van Ees, H. 170, 298
Taylor, J.B. 198, 231, 295, 297 velocity, decrease in 121
Taylor, M. 297 vending machines 218
telephone failure 112
Thornton, D.L. 131, 220, 280, 293, 297 wages 109, 111
Thornton, Henry 192, 202, 223, 240, 297 adjustments 196, 232
Thurow, L.C. 216, 297 differentials 226
Timberlake, R.H. 139, 297 flexibility 200
Tobin, James 15, 57, 66, 115, 1223, minimum 106, 111, 112
132, 216, 220, 282, 2978 negotiators 67, 200, 228, 229, 234
Tolley, G. 42, 51, 298 and prices 106, 183, 191
Torrens, Robert 192 controls 2356
trade interdependent 194
credit 114 level 95, 227
goods 253 maintenance 109
international 256 setters 169
trading partners, credit 27 rates 106, 174, 249
transactions real and business cycle 18990
costs 24 and salary payments 14
demand for money 5861 theory 197
flow 88, 89, 92 workers 146
equilibrium 86, 87 waiting 26772, 276
excess supply and demand 93, 98, Wallace, N. 62, 115, 207, 283, 296, 298,
102 Walras, L. 62, 63, 158, 194, 298
in goods and services 88 Walrass Law 8199, 101102, 11112,
transport 200 139, 1424, 1712, 251, 298
Trescott, P. 66, 139, 298 and depression 956
Trevithick, J.A. 241, 298 and excess supply of money 967
Triffin, R. 266, 298 Walrasian
Tsiang, S.C. 161, 298 budget constraint 174
Tucker, D.P. 298 general-equilibrium model 69, 176,
Turgot, A.R.J. 267, 280, 298 204
Warburton, Clark 78, 106, 125, 169, 201,
underemployment 110 233, 298
312
wealth 10, 35, 126, 127, 132
and income 163
Weiss, A. 196, 298
Weston, J.F. 280, 284
Wheatley, John 139, 298
Wicksell, Knut 63, 745, 100, 119, 299
Wicksell Process 719, 11518, 12532,
143, 178, 221, 246, 25051
Wicksells cumulative process 73,
745
Wilson, C.A. 216, 299
Wonnacott, P. 168, 299
worker absenteeism 186
worker-consumers 206
World War II 25, 125, 226
Index
Wright, R. 26, 290
Wynarczyk, P. 197, 216, 297
Yaari, M.E. 280, 284
Yeager, L.B. 334, 84, 100, 11920,
202, 217, 238, 252, 2556, 2989
Yellen, J.L. 196, 198, 281
yield
on cash balances 49
and money substitutes 4951, 535
theory 47, 66
Zecher, R. 66, 300
Zha, T. 137, 291
Zincone, L. 139, 300