How Long to Read An Artificial Wicksell—Keynes Macroeconomy

How Long Does it Take to Read An Artificial Wicksell—Keynes Macroeconomy?

It takes the average reader 2 hours and 56 minutes to read An Artificial Wicksell—Keynes Macroeconomy by Ichiro Takahashi

Assuming a reading speed of 250 words per minute. Learn more

Description

This book presents an agent-based macroeconomic model developed on the Keynesian principle of effective demand and the Wicksellian theory of cumulative process. The main purpose of the book is to demystify inherent forces that revive an economy from a long-run downturn. The model has three types of bounded-rational agents: firm, household, and bank. To highlight the autonomous revival mechanisms, the model is assumed to be completely closed and free from any external influences such as changes in management of aggregate demand or supply/demand shocks. The key finding of the book is that diversity of firms is a crucial element in reviving investment activities. While a production sector is represented by a single firm in a conventional model, this model has introduced a large number of heterogeneous firms that confront diverse constraints both at the firm and aggregate levels. The behaviours of these firms may vary despite being exposed to the same aggregate environment. For example, economic downturns usually precipitate a fall in real wages as a response to decreased aggregate demand. Most firms reduce their employment focusing on the reduction in aggregate demand. However, some firms identify a reduction in real wage as a sign of improving profitability hence they may expand employment. This could result in an increased aggregate demand and benefit other firms with further employment. It could even reverse the trend to an upslope, thereby ultimately achieving full of near full employment. This book details further on: (1) the rigidity of prices and wages in a stable economy (2) the fundamental factors to establish a robust and high-performing economy, with the focus on the importance of a stable and equitable macroeconomic environment.

How long is An Artificial Wicksell—Keynes Macroeconomy?

An Artificial Wicksell—Keynes Macroeconomy by Ichiro Takahashi is 174 pages long, and a total of 44,196 words.

This makes it 59% the length of the average book. It also has 54% more words than the average book.

How Long Does it Take to Read An Artificial Wicksell—Keynes Macroeconomy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 1 minute to read An Artificial Wicksell—Keynes Macroeconomy aloud.

What Reading Level is An Artificial Wicksell—Keynes Macroeconomy?

An Artificial Wicksell—Keynes Macroeconomy is suitable for students ages 10 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy An Artificial Wicksell—Keynes Macroeconomy?

An Artificial Wicksell—Keynes Macroeconomy by Ichiro Takahashi is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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