Jesper Jespersen presents a treatise on the importance of the
choice of methodology within macroeconomics. Given that no
scientifically based macroeconomic policy recommendation should be
established without an evaluation of the methods employed, this
book gives a clear exposition of how proper macroeconomic analysis
should be undertaken. Furthermore, it is convincingly argued that
one of the lasting contributions of John Maynard Keynes was his
emphasis on methodology; that macroeconomic consequences of
uncertainty could not be analysed within the established general
equilibrium framework. It is due to post-Keynesian economics
supported by critical realism that the understanding of Keynes's
methodology has been resurrected, which has eventually resulted in
renewed debate on realistic macroeconomic policies to restore full
employment without inflation. Macroeconomic Methodology is an
inquiry into the question of how to conduct a proper scientific
analysis of uncertainty within macroeconomics. It will be of great
interest to scholars of the philosophy of social sciences and
methodology, as well as post-Keynesian and heterodox economists.
General
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