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Banking Policy and the Price Level: An Essay in the Theory of the Trade Cycle
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Banking Policy and the Price Level: An Essay in the Theory of the Trade Cycle

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Robertson's breakthrough study was among the first works to fully grasp the concepts of savings and investment, and to explore the relationship between the two, employing a step-by-step, period-to-period analysis. "It is not too extravagant to claim this work ... not Keynes' General Theory as the fountainhead of modern macroeconomic analysis." M. Blaug Great Economists Bef ...more
Hardcover, 120 pages
Published January 1st 1989 by A. M. Kelley (first published September 1988)
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Frank Stein
Feb 02, 2015 Frank Stein rated it liked it

Obviously this book, written in 1926 by a Cambridge Economist, is of more personal than general interest, but it provides some real important insights into inter-war thinking on monetary policy and the trade cycle. (Pretty wonkish analysis follows.)

This book is perhaps most famous because, in the introduction, the author notes that two chapters were largely written in consultation with John Maynard Keynes, and Keynes himself later said that this book helped him break with his old obsession with
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