A Critical Essay on Modern Macroeconomic Theory
- ISBN-10
- 026258154X
- ISBN-13
- 9780262581547
- Category
- Business & Economics
- Pages
- 174
- Language
- English
- Published
- 1997
- Publisher
- MIT Press
- Authors
- Robert M. Solow, Frank Hahn
Description
In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.
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