It takes the average reader 3 hours and 32 minutes to read Keynesian Economics and Price Theory by Masayuki Otaki
Assuming a reading speed of 250 words per minute. Learn more
This book reconstructs Keynesian macroeconomics so that it is compatible with the neoclassical dynamic microeconomic theory. This theory adopts three postulates: rational expectations, perfect price flexibility, and exclusion of the money in utility function (MIU). Based on the new theoretical finding that the Lucas model (1972) contains multiple equilibria, the author unifies Keynesian and monetarist theories within the same framework. The book applies the above basic theory to international macroeconomics and economic growth theory. New Keynesian theory contains logical inconsistencies:...
Keynesian Economics and Price Theory by Masayuki Otaki is 207 pages long, and a total of 53,199 words.
This makes it 70% the length of the average book. It also has 65% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 4 hours and 50 minutes to read Keynesian Economics and Price Theory aloud.
Keynesian Economics and Price Theory is suitable for students ages 12 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.
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