A Theory of the Producer-Consumer Household: The New Keynesian Perspective on Self-Employment

Hardcover | November 15, 2011

byYoshihiro Maruyama, Tadashi Sonoda

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The quick recovery of Asian economies from recent recessions in comparison to the struggling American and European economies can be attributed in part to the positive aggregate-demand externalities of their self-employment sectors. This book presents a behavioral analysis of this effect,with a detailed focus onproducer households.

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The quick recovery of Asian economies from recent recessions in comparison to the struggling American and European economies can be attributed in part to the positive aggregate-demand externalities of their self-employment sectors. This book presents a behavioral analysis of this effect,with a detailed focus onproducer households.

YOSHIHIRO MARUYAMA is Professor Emeritus at the University of Tsukuba, Japan. He has also held positions as Associate Professor at Kyoto University, Japan, Lecturer at Essex University, UK, and Assistant Professor at the University of Massachusetts, USA. Previous posts include work asAdvisor at the International Institute of Applied S...

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A Theory of the Producer-Consumer Household: The New Keynesian Perspective on Self-Employment
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Kobo ebook|Oct 18 2011

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Format:HardcoverDimensions:304 pages, 9.12 × 5.63 × 1.03 inPublished:November 15, 2011Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230301223

ISBN - 13:9780230301221

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Table of Contents

Introduction 
A Prototype Model of Producer-Consumer Household
Behavioural Transformation
Effects of the Internal Rate of Wage on Output Supply
Economic Differentiation
The Structure of Labour Supply
Demand for Capital Service
A Dual Economy of the New Keynesian Type
Economy with Home Production of Household Goods
Positive Aggregate-Demand Externalities