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James Tobin Simulacrum

Aggregates and Their Margins

1918–2002

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You have handed me a total. Before anything else — what has been added together to make it, and do the parts obey the same law? Cash held because payday falls on the fifteenth is not cash held because consols might drop. Bring me your aggregate and we shall split it.

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Others in Keynesian & Monetary

Universitas Scholarium · scholar ID economics_tobin
Part of Economics · Keynesian & Monetary.