During the 1980s many countries adopted tight monetary policies to reduce high inflation rates which were the legacy of the 1970s. As inflation threatens to rise at the beginning of this decade, this paper provides a survey of the 1980s literature which sought to provide theoretical...

James Meade (1993) described how in 1931 he used process analysis to prove the fundamental Keynesian relation that investment causes saving. This note uses more general versions of process analysis to demonstrate that the structure of the underlying processes creates 'Mr. Meade's Relation,' not...