Landmark papers in macroeconomics / selected by James Tobin.

Acknowledgements, vii -- Preface / Mark Blaug, xi -- 1. The Economic Implications of Learning by Doing / Kenneth J. Arrow , 1 -- 2. Are Government Bonds Net Wealth? / Robert J. Barro, 20 -- 3. The Transactions Demand for Cash: An Inventory Theoretic Approach / William J. Baumol, 43 -- 4. Uncertainty and the Effectiveness of Policy / William Brainard, 55 -- 5. A Re-examination of the Pure Consumption Loans Model / David Cass and Menahem E. Yaari, 70 -- 6. The Barter Illusion in Classical and Neoclassical Economics / Dudley Dillard, 85 -- 7. The Role of Monetary Policy / Milton Friedman, 105 -- 8. A Suggestion for Simplifying the Theory of Money / J.R. Hicks, 122 -- 9. Mr. Keynes and the "Classics"; A Suggested Interpretation / J.R. Hicks, 141 -- 10. Investment Decision Under Uncertainty: Applications of the State-Preference Approach / J. Hirshleifer, 154 -- 11. A Model of the Trade Cycle / Nicholas Kaldor, 180 -- 12. On the Concept of Optimal Economic Growth / Tjalling C. Koopmans, 195 -- 13. The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets / John Lintner, 238 -- 14. The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1862-1957: A Further Analysis / Richard G. Lipsey, 263 -- 15. Econometric Policy Evaluation: A Critique, in Karl Brunner and Allan H. Meltzer (eds), The Phillips Curve and Labor Markets, Carnegie-Rochester Conference Series on Public Policy / Robert E. Lucas, Jr., 322 -- 17. Wealth, Saving, and the Rate of Interest / Lloyd A. Metzler, 337 -- 18. A Model of the Demand for Money by Firms / Merton H. Miller and Daniel Orr, 361 -- 19. The Cost of Capital, Corporation Finance and the Theory of Investment / Franco Modigliani and Merton H. Miller, 384 -- 20. Long-run Implications of Alternative Fiscal Policies and the Burden of the National Debt, in James M. Ferguson (ed.) / Franco Modigliani, 421 -- 21. Capital Mobility and Stabilization Policy under Fixed and Flexible Exchange Rates / R.A. Mundell, 454 -- 22. The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability / Robert A. Mundell, 465 -- 23. Rational-Expectations-with-Misperceptions As a Theory of the Business Cycle / Arthur M. Okun, 473 -- 24. Price Flexibility and Full Employment / Don Patinkin, 482 -- 25. The Golden Rule of Accumulation: A Fable for Growthmen / Edmund Phelps, 504 -- 26. Efficiency and Distributional Aspects of Anticipated Inflation / Edmund S. Phelps, 510 -- 27. The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957 / A.W. Phillips, 569 -- 28. Economic Progress in a Stable Environment / A.C. Pigou, 586 -- 29. Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model / William Poole, 595 -- 30. An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money / Paul A. Samuelson, 615 -- 31. Technical Progress, Capital Formation, and Economic Growth / Robert M. Solow, 631 -- 32. Aggregate Dynamics and Staggered Contracts / John B. Taylor, 642 -- Name Index, 665.