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Studies in Macroeconomic Theory


  • Shell, Karl


  • Phelps, Edmund S.


Studies in Macroeconomic Theory, Volume 2: Redistribution and Growth is a compendium of scholarly papers on the behavior and public control of distribution and growth in the market economy. The papers in this volume focus on the subject of public finance under the broad theory of economic policy. The papers are grouped into five groups or sections. Part I covers the steady-state choices. The second part takes up the efficient use of a given volume of saving in the choice among national investments. Part III explores the alternative approaches to optimal national saving. Part IV discusses the maximin-optimal graduated taxation of wage income. The final section expounds on Rawls's vision of the just economy. Economists will find the text invaluable and insightful.

Suggested Citation

  • Phelps, Edmund S., 1980. "Studies in Macroeconomic Theory," Elsevier Monographs, Elsevier, edition 1, number 9780125540025 edited by Shell, Karl, August.
  • Handle: RePEc:eee:monogr:9780125540025

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    Cited by:

    1. Velupillai, K. Vela, 2006. "A disequilibrium macrodynamic model of fluctuations," Journal of Macroeconomics, Elsevier, vol. 28(4), pages 752-767, December.
    2. Edmund S. Phelps, 2008. "Macroeconomics for a Modern Economy," The American Economist, Sage Publications, vol. 52(1), pages 3-22, March.
    3. Tsai, Diana H. & Norsworthy, J. R., 1996. "Measuring the effects of macroeconomic policy in industry economic models: Toward assessment of industrial policy," Journal of Policy Modeling, Elsevier, vol. 18(3), pages 289-333, June.
    4. Robert Dimand, 2008. "Edmund Phelps and Modern Macroeconomics," Review of Political Economy, Taylor & Francis Journals, vol. 20(1), pages 23-39.
    5. Guillermo A. Calvo, 1983. "Staggered Contracts and Exchange Rate Policy," NBER Chapters,in: Exchange Rates and International Macroeconomics, pages 235-258 National Bureau of Economic Research, Inc.
    6. K. Vela Velupillai, 2007. "Variations on the Theme of Conning in Mathematical Economics," Department of Economics Working Papers 0703, Department of Economics, University of Trento, Italia.


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