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The Methodology of Macroeconomic Thought - A Conceptual Analysis of Schools of Thought in Economics (Paperback, New edition)
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The Methodology of Macroeconomic Thought - A Conceptual Analysis of Schools of Thought in Economics (Paperback, New edition)
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In The Methodology of Macroeconomic Thought, Sheila Dow attempts to
bridge the gap between methodology and macroeconomic theory through
the study of four different schools of thought in economics - the
Neo-Austrian, mainstream, post Keynesian and Marxian traditions -
and by seeking to understand their methodological foundations in
their own terms. In this substantially-revised new edition of her
classic work, Macroeconomic Thought: A Methodological Approach, Dr
Dow argues for methodological awareness among practising economists
as a basis for constructive debate and reasoned argument. The
methodological content has been substantially increased to include
material on recent developments in the field. After analysing the
historical and methodological development of each of the schools,
the author covers the micro-foundations of their macroeconomics and
their approaches to key concepts including equilibrium,
expectations, money and macroeconomic policy. The author seeks to
identify the sources of differences between schools of thought as
well as potential and actual commonalities before examining their
differences at a conceptual level. Unlike other accounts,
mainstream economics is treated here as one school of thought on a
par with Neo-Austrian economics, PostKeynesian economics and
Marxian economics. The Methodology of Macroeconomic Thought will be
welcomed by readers for its description and analysis of these
schools in their own terms, as well as for the wider perspective it
offers on methodology.
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