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Themes in Modern Macroeconomics - Heige Brink

Themes in Modern Macroeconomics

By: Heige Brink (Editor)

Hardcover Published: 23rd March 1992
ISBN: 9780333556924
Number Of Pages: 185

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From a state of relative unanimity macroeconomic theory has, during the last decade, been dispersed in various directions. A dominant trend has been the monetarist and new classical economics with their undaunting equilibrium postulates and fatalistic views on economic policy. Keynesian responses to this development have been varied and thus give rise to further diffusion. This book provides a broad overview of the development of macroeconomic theory and methods. Against this background fundamental questions are addressed by the authors, reconciliation of micro and macroeconomic theory, the concept of income, and new suggestions for the basic framework of macroeconomic theorizing. The authors all address different topics from different perspectives, but there is a shared critical attitude towards the rejuvenation of an infalliable "invisible hand". From there on proper methods of macroeconomic modelling are explored and basic theoretical issues are examined.

Notes on the Contributors - Introduction; H.Brink - The Sad State of Macroeconomic Theory; H.Brink - Microfoundations of Dynamic Macroequations; M.Lippi - Exchangeability and the Structure of the Economy; J.McCall - A Simple Concept of Income; C.Heyn-Johnsen - Production and Distribution in a Monetary Economy; A.Graziani - A Keynesian Model for a Post-Monetarist Open Economy; M.Desai - A Simple Stock Flow Model of the Danish Economy; W.Godley & G.Zezza - Index

ISBN: 9780333556924
ISBN-10: 0333556925
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 185
Published: 23rd March 1992
Publisher: Palgrave Macmillan
Country of Publication: GB
Dimensions (cm): 22.86 x 14.61  x 1.91
Weight (kg): 0.34
Edition Number: 2

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