The New Classical Macroeconomics: A Sceptical Inquiry - Couverture rigide

Couverture rigide

ISBN 10 : 0631146059 ISBN 13 : 9780631146056

Editeur : Blackwell Publishers, 1988

Synopsis

The 1970s and 1980s have witnessed the re-establishment of the classical economic tradition, nearly totally eclipsed since the appearance in 1936 of Keynes' "General Theory". The new classical economics embellishes the central themes of its forerunner - the inherent stability of the private economy, the rationality of economic man and the efficiency of a system of freely determined market prices - with a sophisticated mathematical method. This marriage of the old and the new has generated a number of striking and influential conclusions, among them that people hold rational expectations, that private agents will rationally undo the effects of monetary policy, that taxpayers should be indifferent to government deficits, and that unemployment and business cycles are equilibrium phenomena beyond the reach of macroeconomic policy. This book gives an account of the central doctrines of the new classical economics, without unnecessarily difficult mathematics. It focuses on four central issues: the foundation of monetary theory; monetary and fiscal policy; labour supply and business cycles; and the attack on econometric models. In addition, the relationship of the new classical economics to monetarism and the Austrian School, with both of which it is often confused, is explored.

A propos du livre

Revue de presse

"An excellent volume, which deserves to be read by anyone seriously interested in explaining the operation of the macroeconomy." Times Higher Education Supplement

"I enjoyed Kevin Hoover′s book very much. It is critical writing of the very highest order – a rarity in macroeconomics. The breadth of coverage is also very impressive. In particular, i thought Hoover′s treatment of my work is fair and accurate, even when it hurt. I will be a better writer and scholar in the future with the prospect of this kind of criticism in mind." Robert E. Lucas, Jr, Professor of Economics, University of Chicago

"This book represents an excellent account of a most important development in modern macroeconomics. It is a splendid achievement, well argued, well written, rigorous, and yet easily accessible." M. J. Artis, Professor of Economics, University of Manchester

"The book is very well written, it covers the literature comprehensively and expresses complex arguments with authority and at a brisk pace." Nigel W. Duck, Department of Economics, University of Bristol

Quatrième de couverture

The New Classical Macroeconomics gives an accessible, rigorous, critical account of the central doctrines of the new classical economics, without unnecessarily difficult mathematics. It focuses on four central issues: the foundation of monetary theory; monetary and fiscal policy; labour supply and business cycles; and the attack on econometric models. In addition, the relationship of the new classical economics to monetarism and the Austrian school, with both of which it is often confused, it explored.

Détails de l'édition

• Éditeur: Blackwell Publishers
• Date d'édition: 1988
• Langue: anglais
• ISBN 10: 0631146059
• ISBN 13: 9780631146056
• Reliure: Relié
• Nombre de pages: 336
• Éditeur: Hoover Kevin D.
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible