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Reconstructing Keynesian Macroeconomics Volume 1 - Partial Perspectives (Hardcover)
Loot Price: R4,618
Discovery Miles 46 180
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Reconstructing Keynesian Macroeconomics Volume 1 - Partial Perspectives (Hardcover)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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This book represents the first of three volumes offering a complete
reinterpretation and restructuring of Keynesian macroeconomics and
a detailed investigation of the disequilibrium adjustment processes
characterizing the financial, the goods and the labour markets and
their interaction. It questions in a radical way the evolution of
Keynesian macroeconomics after World War II and focuses on the
limitations of the traditional Keynesian approach until it fell
apart in the early 1970s, as well as the inadequacy of the new
consensus in macroeconomics that emerged from the Monetarist
critique of Keynesianism. Professors Chiarella, Flaschel and
Semmler investigate basic methodological issues, the pitfalls of
the Rational Expectations School, important feedback channels in
the tradition of Tobin's work, and theories of the wage-price
spiral and the evidences for them. The book uses primarily partial
approaches, the integration of which will be the subject of
subsequent volumes. With its focus on Keynesian propagation
mechanisms, the research in this book provides a unique alternative
to the black-box shock-absorber approaches that dominate modern
macroeconomics. Reconstructing Keynesian Macroeconomics should be
of interest to students and researchers who want to look at
alternatives to the mainstream macrodynamics that emerged from the
Monetarist critique of Keynesianism.
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