This book is the text of the first series of Ryde lectures,
established by Lund University in Sweden. It offers a survey of
various macroeconomic topics which feature prominently in the
research agenda and have inspired both theoretical and policy
debate. The book presents a comprehensive summary and original
critique of modern macroeconomic approaches by a scholar whose own
contribution to the field is considerable. In each of his seven
chapters, the author reviews one school of economic thought. These
are: the Keynesian school of macroeconomics; the monetarist school;
the New Classical school; the New-Keynesian school; supply side
macro-economics; "non-monetary" models of macroeconomics - real
business cycle theory; and the "structuralist school" which views
changes in unemployment as the outcome of shifts in the structural
characteristics of the economy.
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