Critical Essay on Modern Macroeconomic Theory

by Frank Hahn, Robert Solow, Professor of Economics Frank Hahn, et al.

Book Overview

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 essay evolved from the authors' profound disagreement with that trend. It demonstrates not only how...

• Format: Paperback
• Language: English
• ISBN: 026258154X
• ISBN13: 9780262581547
• Release Date: August 1997
• Publisher: MIT Press
• Length: 208 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.4" x 6.0" x 8.9"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher