3 Review(s)

The fifth edition of the book has been thoroughly revised and considerably enlarged. It has a wide coverage and comprehensively deals with all important topics on the subject, viz. National Income, Classical Theory of Employment, Determination of Income and Employment, Savings, Investment and Multiplier, Consumption Function, Marginal Efficiency of Capital, Rate of Interest, Saving-Investment Equality, Principle of Acceleration, Unemployment in an Undeveloped Economy, Secular Stagnation, Money and Prices, Inflation and Deflation, Credit Creation and Credit Control, Business Cycles, Economic Stabilization, Monetary Policy, Fiscal Policy, Fiscal Policy and Economic Development, Deficit Financing, Public Debt, Growth Models, etc.