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A Critical Essay on Modern Macroeconomic Theory
Frank H. Hahn
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Description for A Critical Essay on Modern Macroeconomic Theory
Paperback. 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 essay evolved from the author's profound disagreement with that trend. Num Pages: 168 pages, black & white illustrations. BIC Classification: KCA; KCB. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 227 x 154 x 10. Weight in Grams: 256.
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.
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 ... Read more
Product Details
Format
Paperback
Publication date
1998
Publisher
John Wiley and Sons Ltd United Kingdom
Number of pages
168
Condition
New
Number of Pages
172
Place of Publication
Hoboken, United States
ISBN
9780631209898
SKU
V9780631209898
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Frank H. Hahn
Frank Hahn is Professor Ordinario, University of Siena, Professor Emeritus of Cambridge University, and Fellow of Churchill College. Robert Solow is Institute Professor of Economics at the Massachusetts Institute of Technology. He received the Nobel Prize in economics in 1987 for his macroeconomic research linking technology and growth.
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