Books > Business & Economics > Economics > Macroeconomics
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New Macroeconomics (Paperback)
Loot Price: R431
Discovery Miles 4 310
You Save: R90
(17%)
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New Macroeconomics (Paperback)
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List price R521
Loot Price R431
Discovery Miles 4 310
You Save R90 (17%)
Expected to ship within 10 - 15 working days
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Donate to Against Period Poverty
Total price: R451
Discovery Miles: 4 510
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According to the National Bureau of Economic Research (NBER), a
deep recession started in the United States in December 2007 and
ended in June 2009. However, most people recognize that even though
the recession was said to be over, its after-effects lingered well
into the next decade, and even in 2017, some ten years later,
governments in America and around the world were struggling with
problems of low growth, wage stagnation and high poverty. Most
economists were caught off guard, and they began to look for new
ideas that may be appropriately called NEW MACROECONOMICS. This
book examines conventional economics in the context of recent
developments. It shows that a new theory, known as the
wage-productivity model, explains almost every macro-economic
experience of the global economy since 1980. You have to read this
theory to believe it. This theory will turn out to be more
important than the Keynesian revolution.
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