Some recent trends in macroeconomic theory and practice; A critique of Keynesian macroeconomics; The basic neoclassical model; Extension of the neoclassical model; Long term policy analysis; The rational expectations hypothesis; Macroeconomic policy and rational expectations; Theory and practice.
The purpose of this book is to provide a critique of the standard neoclassical macroeconomic model.
In this interactive collection of essays, many of the leading proponents of analytical political economy examine major macroeconomic issues through the integration of mathematical analysis and non-neoclassical economic theory.
147 and Lucas 128 , 131 , 132 , 133 , 135 , 141-2 , 151 and Simons 70 , 77 , 79–81 , 85 , 86 , Hammond , J. Daniel 102n Hansen , Alvin H. 2 Harberger , Arnold 130 Hardy , Thomas 107 Hartwell , R.W. 49 , 147 Hauptmann , Gerhart 28n ...
If you are unfamiliar with the arguments that macro is not, and cannot be, a traditional science, then this book is definitely worth reading.
This is a key year for the evolution of international markets.
The book shows how theoretical perspectives affect macroeconomic policy choices and proposes a pragmatic approach to policy that is sensitive to prevailing economic conditions.
The book shows how theoretical perspectives affect macroeconomic policy choices and proposes a pragmatic approach to policy that is sensitive to prevailing economic conditions.
The analysis developed in this book has important practical and policy implications for the New Economy, making this book essential reading for students, academics and practitioners in this field.
A False Paradigm John Weeks. velocity of money,v, ... Wereit the case that the velocityof money and the level of output/income were fixed, the presumption of M* as exogenous yields a determinate price for the single commodity (the ...
Money, Distribution and Economic Policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics.