Efnisyfirlit

• Macroeconomics
• Title
• Copyright
• Dedication
• Contents
• Illustrations
• Figures
• Tables
• Preface
• Acknowledgements
• Note to the Reader
• 1. What Is Economics
• 1.1 Introduction
• 1.2 A brief history of economics
• 1.3 Our definition of economics
• 1.4 A note on our approach
• Object of analysis
• Level of analysis
• Precision in analysis
• 1.5 Conclusion
• Suggestions for further reading
• 2. Conceptualising the Macroeconomy
• 2.1 Introduction
• 2.2 Conceptualising the macroeconomy: past and present
• Aggregate income and expenditure
• Inter-sectoral relations
• Sectoral flow of funds
• 2.3 The macroeconomy as an embedded system
• 2.4 The macroeconomy as a web of flows
• 2.5 A further note on our approach
• 2.6 Conclusion
• Suggestions for further reading
• 3. Money and Interest Rates
• 3.1 Introduction
• 3.2 The financial architecture of India
• Inter-sectoral financial flows
• Financial institutions
• Informal finance
• Financial regulators
• Financial instruments
• 3.3 What is money
• 3.4 Theories of money
• 3.5 Money in the open economy
• 3.6 Conclusion
• Suggestions for further reading
• 4. Output and Employment Levels
• 4.1 Introduction
• 4.2 Theories of output and employment
• Marginalist theory of output and employment
• Marginalist versus Keynesian approaches
• Keynesian theory of output and employment
• The Keynesian multiplier
• Autonomous and induced elements of aggregate demand
• The applicability to India
• 4.3 Open economy macrodynamics
• 4.4 Conclusion
• Suggestions for further reading
• 5. Economic Growth
• 5.1 Introduction
• 5.2 Theories of economic growth
• Supply-side growth theories
• Demand-led growth theories
• Classical growth theories
• 5.3 The nature of economic growth in India
• Economic growth and unequal land ownership
• Sectoral economic growth
• Economic growth and employment generation
• On the rates of profit and economic growth
• Economic growth and its ecological impacts
• 5.4 Growth in the open economy
• 5.5 Conclusion
• Suggestions for further reading
• 6. Why Economic Theory Matters
• 6.1 Introduction
• 6.2 The need for discipline
• 6.3 Wrong theories result in bad policies
• 6.4 Good theories recognise context
• Role of agriculture
• The presence of informality
• 6.5 Good theories and the demand for data
• 6.6 Conclusion
• Suggestions for further reading
• 7. The Policy Objective of Full Employment
• 7.1 Introduction
• 7.2 The nature of employment in India
• The quality of employment
• Are Indian jobs well paying?
• Employment in India: further meso approaches
• 7.3 A prelude to the solutions
• Theories of output and growth: policy implications
• The role of the government
• Concept and context: Mahalanobis and Rao
• Anti-cyclical fiscal policy
• 7.4 Conclusion
• Suggestions for further reading
• 8. The Policy Objective of Low Inflation
• 8.1 Introduction
• 8.2 The nature of inflation in India
• Price determination: two approaches
• Understanding inflation: two approaches
• Sources of inflation in India: agriculture and fuel
• 8.3 A prelude to the solutions
• 8.4 Conclusion
• Suggestions for further reading
• 9. Towards Good Economics
• 9.1 An introduction to macroeconomics
• 9.2 On concept and context
• 9.3 Pluralism in theory and method
• Suggestion for further reading
• Data Sources
• Chapter 2
• Chapter 3
• Chapter 4
• Chapter 5
• Chapter 7
• Chapter 8
• References
• Index