This 1983 book is a wide-ranging study of the macroeconomic side of monetary theory.

Introduction; Part I; Section 1. Disequilibrium Theory; Section 2. Wealth Effects; Part II; Section 1. Money and Growth; Section 2. An Exact, Transaction-Cost-Based Model of a Monetary Economy; Part III; Section 1. Investment and Saving; Section 2. Expectations and the Crowding-Out Effect; Part IV; Section 1. Liquidity-Constrained Equilibria; Section 2. Further Results on Liquidity-Constrained Equilibria; Part V. A 'Competitive' Theory of Unemployment; Part VI. The Balance of Payments; Mathematical appendix; Bibliographical notes; References; Index.