Textbook on macroeconomics - covers the measurement of unemployment and inflation, various economic theories of prices, definition of the business cycle, the Keynesian approach to income, employment and investment, economic policy issues, etc., and includes examples taken from UK's macrohistory since 1900. Illustrations and references.

This book presents a series of models which are designed to illuminate many facets of the interactions between monetary and real phenomena in inflationary, less developed economies. Since these interactions are essentially dynamic in character, the models are also dynamic: they seek to elucidate the possible lines of evolution of an economy in response to financial policies of varying degreees of 'repressiveness'.