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Author: Howard R. Vane Publisher: ISBN: Category : Macroeconomics Languages : en Pages : 172
Book Description
This book aims to provide a concise yet rigorous discussion of major issues in modern macroeconomics, in particular in relation to the controversy over the role and conduct of macroeconomic stabilization policy, for students taking intermediate level undergraduate courses in macroeconomics.
Author: Imad A. Moosa Publisher: Edward Elgar Publishing ISBN: 1839105623 Category : Business & Economics Languages : en Pages : 352
Book Description
In this fascinating book, Imad A. Moosa challenges existing preconceptions surrounding normative economics, arguing that what some economists see as undisputed facts of life may be myths caused by dogmatic thinking. Plausible explanations are suggested for puzzles in various areas of economics and finance, such as the home bias puzzle, the PPP puzzle and the presidential puzzle. Controversies in Economics and Finance is a thought-provoking and stimulating read that exposes common flaws in economic analysis. It will be of great benefit to academics, graduate students and policy-makers looking to understand the limits of economic analysis.
Author: K. Alec Chrystal Publisher: Philip Allan ISBN: Category : Business & Economics Languages : en Pages : 216
Book Description
Textbook on macroeconomics controversies, particularly between the keynesians and monetarists in the UK - includes a mathematical analysis of the main features of the textbook model and the forecasting model used by the treasury and the keynesian, monetarist, new Cambridge and Scandinavian schools of thought, discusses the issues relating to balance of payments, unemployment, inflation and the appropriate degree of state intervention in terms of monetary policy and fiscal policy. Graphs and references.
Author: John N. Smithin Publisher: Edward Elgar Publishing ISBN: 9781781957998 Category : Business & Economics Languages : en Pages : 236
Book Description
'John Smithin's erudite and eloquent Controversies in Monetary Economics (now in a revised second edition) reminds us that a cashless economy is by no means a moneyless economy. Drawing on Keynes's concept of monetary production and on the later work of Sir John Hicks, Smithin argues persuasively for the continuing central importance of money in understanding interest rate determination and economic fluctuations. This insightful book illuminates the role of monetary policy, notably within the European Monetary Union.' - Robert W. Dimand, Brock University, Canada 'This book provides an excellent overview of the controversies that have driven debate about monetary theory and policy over the last two centuries. I highly recommend the book for use in advanced undergraduate or graduate courses. This new edition revises and updates some of the arguments, with some additional treatment of orthodoxy so that it can serve as a stand-alone text in monetary theory courses.' - L. Randall Wray, University of Missouri, US 'John Smithin is one of the deepest thinkers writing today about monetary matters in modern economics. Not only has he a thorough and full knowledge of past contributions, he is also an original thinker in his own right. The processes he depicts at work in modern economies are immediately recognisable and make good sense. He allies his theoretical understanding with advocacy of wise and humane policies. In John Smithin's writings the spirits of Keynes and Hicks live on, with also, dare I say it, the insights of Marx about the relationship between the real and the monetary in capitalism. Any student brought up on Smithin's clear and lucid accounts of controversies in monetary economics will have a firm grounding on which to base their understanding of the world around them.' - G.C. Harcourt, Jesus College, Cambridge, UK This influential volume, which has been revised and updated for the twenty-first century, includes both new material and more detailed expositions of existing arguments. Although so-called 'real' theories of business cycles and growth are prevalent in contemporary mainstream economics, Controversies in Monetary Economics suggests that those economists who have instinctively focused on monetary factors in explaining macroeconomic behaviour are more genuinely 'realistic'. The author combines an explanation of past and present monetary controversy with practical proposals for the conduct of monetary policy in the contemporary global economy. Several alternative approaches are discussed, ranging from the traditional quantity theory to post Keynesian theories of endogenous money. This insightful book will be of interest to all those concerned with monetary economics and macroeconomics, including academic researchers, graduate and senior undergraduate students - particularly those looking for an alternative to current economic orthodoxy - and historians of economic thought. Practitioners in central banks, international financial institutions, the financial markets and finance ministries will also find this work invaluable.
Author: Huw David Dixon Publisher: Wiley-Blackwell ISBN: 9780631215868 Category : Business & Economics Languages : en Pages : 400
Book Description
Controversies in Macroeconomics: Growth, Trade and Policy presents debates from the world's leading researchers on some of the most important issues in economics today. Accessible to the general economics reader, this book is ideal for advanced undergraduates and graduates in intermediate macroeconomics, macroeconomic theory, development economics, growth theory and trade theory.
Author: Fabio Petri Publisher: Edward Elgar Publishing ISBN: 9781781008300 Category : Business & Economics Languages : en Pages : 400
Book Description
'Fabio Petri has been a persistent critic of marginalist theories of value and distribution. In this provocative book, he presents an extensive scrutiny of the reasons why many economists are unsatisfied with the Neo-Walrasian approach to General Equilibrium theory and why some reject it altogether. General Equilibrium, Capital and Macroeconomics throws down a challenge to all economic theorists.' - Neri Salvadori, University of Pisa, Italy 'General Equilibrium, Capital and Macroeconomics is a thorough and deep book. It contains a remarkably clear and precise statement of the conceptual, methodological and analytical difficulties besetting the demand and supply approach to economics as it is advocated in partial and general equilibrium models, old and new, micro and macro. This work covers essential parts of modern economics, it is well written and the subject matter is carefully arranged. The book will be of interest to a wide range of economists.' - Heinz D. Kurz, University of Graz, Austria This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and has undermined central tenets of neoclassical macroeconomic theory (such as the negative dependence of aggregate investment on the interest rate, or the existence of a downward-sloping demand curve for labour) which had their basis in the long-period versions where capital was treated as a single factor.
Author: G. Chirichiello Publisher: Springer ISBN: 023037106X Category : Business & Economics Languages : en Pages : 238
Book Description
The book provides an introduction to major topics in macroeconomic theory and offers the readers three tools for comparing different models:a mathematical reformulation of Say's Law, the use of income velocity of circulation of money as a behavioural function in accordance with the Friedman tradition and the use of the Phillips curve to represent the labour market.
Author: Robert B. Carson Publisher: Routledge ISBN: 1317465806 Category : Business & Economics Languages : en Pages : 264
Book Description
Now revised and updated to reflect critical changes in economic policy since the last edition, Macroeconomic Issues Today, Eighth Edition, provides Conservative, Liberal, and Radical interpretations and solutions for seven current macroeconomic issues, including all-new coverage of the Social Security debate. An instructor's manual with a test bank and discussion questions is available to professors who adopt the text, and PowerPoint downloads are available as teaching aids.
Author: Giuseppe Chirichiello Publisher: Palgrave Macmillan ISBN: 9780312120979 Category : Business & Economics Languages : en Pages : 228
Book Description
This book provides an introduction to major topics in macroeconomic theory and offers the readers three models for comparing different models. The first model is a mathematical reformulation of Say's Law which clarifies the 'Keynes versus classics' debate from a new point of view. The second model uses income velocity of money circulation as a behavioural function in accordance with the Friedman tradition. This makes it possible to translate the language of the Keynesian model into the language of monetarism and thus directly compare the major schools of the 1970s. The third model is the use of the Phillips curve to represent the functioning of the labour market. This makes it possible to evaluate the fundamentals of the new classical macroeconomics. The book also deals with the macroeconomics of rationing equilibria and offers extensions towards the aggregate demand-supply approach.
Author: K. Alec Chrystal
Author: K. Alec Chrystal
Author: Howard R. Vane
Author: Imad A. Moosa
Author: K. Alec Chrystal
Author: John N. Smithin
Author: Huw David Dixon
Author: Fabio Petri
Author: G. Chirichiello
Author: Robert B. Carson
Author: Giuseppe Chirichiello