This unique book focuses on the central issues in macroeconomics -
examining some of the lively theoretical controversies troubling
contemporary economists - in order to establish a genuine basis for
communication between the alternative theoretical traditions.The
past two decades have witnessed the emergence of several competing
approaches to macroeconomic analysis: post Keynesian economics,
Kaleckian analysis, neo-Ricardian theory, the neo-Austrian school,
the Rational Expectations School etc. This book presents new work
by 14 respected economists from nine different countries who
address a series of unresolved yet well-defined issues in monetary
theory and policy, market structure and accumulation, and problems
of effective demand and the theory of distribution. The main
purpose of Macroeconomic Theory is to identify areas of common
ground among the various theoretical approaches. The excitement of
that dialogue and the intellectual vitality generated are captured
for the reader in a volume that will be essential for an
understanding of modern macroeconomic theory.
General
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