Addressing the relation between valuations of claims on real capital assets and the replacement cost of capital itself, this text is based on the author's graduate courses taught at Yale and MIT universities.
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This long awaited book by a Nobel Laureate was originally intended as the book on Money for the McGraw-Hill Economics Handbook Series edited by the late Seymour Harris.
Microeconomic foundations describe how those active participants in the economy or "wealth owners", make decisions managing their portfolios
The mechanisms of Federal Reserve monetary policies are analyzed in detail. The link is made from Federal Reserve policy moves to real investment activity through q and through the interest rates and credit lines offered private borrowers.
James Tobin, Yale University, with Stephen Golub, Swarthmore College.
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Book Description McGraw-Hill Education (ISE Edi, 1998. Paperback. Book Condition: New. book. Bookseller Inventory # 007116782X