Titlebook: Economic Uncertainty and Financial Structure; A Study of the Obsta A. T. K. Grant Book 1977 A. T. K. Grant 1977 economics.microeconomics.st

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Areas of Instability in the Developed Economy,Our first concern is the changing economy of the U.K. It is not an isolated economy, and the implications must be expected to go considerably wider. Before looking to the future, we must take stock.

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Present Needs and Future Patterns,It is time to bring together a number of the propositions thrown up in the course of this study.

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The Financial Process,in favour of one party, and an obligation (liability) which the other has to meet. The sum total of all claims in existence at any point of time (if we could add them all together) is by definition identical with the sum total of all obligations, since the total owing is the same as the total owed,