Price Expectations and the Behavior of the Price Level: Lectures Given in the University of Manchester.

SOLOW, Robert Merton.

$975.00

Item Number: 126488

Manchester: Manchester University Press, 1969.

First edition of this collection of lectures delivered by Solow in the University of Manchester. Octavo, original wrappers. Signed by Robert Solow on the title page. In near fine condition. Small name.

American economist Robert Solow's work on the theory of economic growth culminated in the exogenous growth model named after him. These lectures provide an econometric test of the concept of the 'trade-off' between the rate of inflation and the level of employment and economic activity using data from both the United States and United Kingdom. In the course of the test, Solow studies to the extent to which changes in the general price level are affected by changes in cost factors and in the pressure of demand, and by incomes policies or 'guideposts'.