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Critical Essay on Modern Macroeconomic Theory (Paperback, New Ed) Loot Price: R1,386
Discovery Miles 13 860
Repayment Terms: R130 pm x 12*
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Critical Essay on Modern Macroeconomic Theory (Paperback, New Ed): F. Hahn

Critical Essay on Modern Macroeconomic Theory (Paperback, New Ed)

F. Hahn

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Loot Price R1,386 Discovery Miles 13 860 | Repayment Terms: R130 pm x 12*

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Macroeconomics began as the study of large-scale economic pathologies such as prolonged depression, mass unemployment and persistent inflation. In the early 1980s rational expectations and new classical economics dominated macroeconomic theory, with the result that such pathologies can hardly be discussed within the vocabulary of the theory. This book evolved from the authors' profound disagreement with that trend. It demonstrates not only how the new classical view got macroeconomics wrong, but how to go about doing macroeconomics the right way.


Following an explanation of microeconomic foundations, chapters introduce the basic elements for a better macro-model. The model is simple, but combined with the appropriate model of the labor market it can say useful things about the fluctuation of employment, the correlation between wages and employment, and the role for corrective monetary policy.

General

Imprint: Blackwell Publishers
Country of origin: United Kingdom
Release date: March 1998
First published: April 1998
Authors: F. Hahn
Dimensions: 232 x 166 x 9mm (L x W x T)
Format: Paperback
Pages: 172
Edition: New Ed
ISBN-13: 978-0-631-20989-8
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Macroeconomics > General
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LSN: 0-631-20989-1
Barcode: 9780631209898

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