This book offers an excellent survey of various macroeconomic
topics that feature prominently in the research agenda and have
inspired both theoretical and policy debate. The book presents an
authoritative and comprehensive summary and original critique of
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 macroeconomics, and
`non-monetary' models of macroeconomics - the 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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