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Author : Arjo Klamer
Publisher : Brighton, Sussex : Wheatsheaf Books
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.3/5 (555 download)
Download or read book The New Classical Macroeconomics written by Arjo Klamer and published by Brighton, Sussex : Wheatsheaf Books. This book was released on 1984 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter Galbács
Publisher : Springer
ISBN 13 : 3319175785
Total Pages : 368 pages
Book Rating : 4.3/5 (191 download)
Download or read book The Theory of New Classical Macroeconomics written by Peter Galbács and published by Springer. This book was released on 2015-04-23 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines new classical macroeconomics from a comparative and critical point of view that confronts the original texts and later comments as a first dimension of comparison. The second dimension appears in a historical context, since none of the new classical doctrines can be analyzed ignoring the parallelism and discrepancies with the theory of Keynes, Friedman or Phelps. Radicalism of new classical macroeconomics has brought fundamental changes in economic thought, but the doctrines got vulgarized and distorted thanks to the mass of followers. Nowadays, economic theory and policy, trying to find their ways, have a less clear relationship than ever. Therefore, this volume is aimed at mapping and reconsidering the policy instruments and transmission mechanisms offered by the new classicals. Its central question points to the real nature of new classical macroeconomics: what consequences are grounded by the assumptions new classicals used. Moreover, issues raised by automatic fiscal stabilizers and fiscal reforms are analyzed as well, even if they were out of the range of classical texts. The book draws a picture of new classical macroeconomics stressing the analogies with Keynesian countercyclical policies, instead of the discrepancies commonly held.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 309 pages
Book Rating : 4.:/5 (661 download)
Download or read book New Classical Macroeconomics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-02 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is New Classical Macroeconomics In the field of macroeconomics, there is a school of thinking known as new classical macroeconomics, which is also referred to occasionally as simply new classical economics. This school of thought bases its analysis wholly on a neoclassical framework. In particular, it places an emphasis on the significance of having robust foundations that are founded on microeconomics, particularly rational anticipated outcomes. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: New classical macroeconomics Chapter 2: Keynesian economics Chapter 3: Macroeconomics Chapter 4: Neoclassical economics Chapter 5: Stagflation Chapter 6: New Keynesian economics Chapter 7: Robert Lucas Jr. Chapter 8: Neutrality of money Chapter 9: Costas Azariadis Chapter 10: Policy-ineffectiveness proposition Chapter 11: Permanent income hypothesis Chapter 12: Mainstream economics Chapter 13: Schools of economic thought Chapter 14: Dynamic stochastic general equilibrium Chapter 15: Microfoundations Chapter 16: Neoclassical synthesis Chapter 17: Saltwater and freshwater economics Chapter 18: Home economics Chapter 19: History of macroeconomic thought Chapter 20: General disequilibrium Chapter 21: New neoclassical synthesis (II) Answering the public top questions about new classical macroeconomics. (III) Real world examples for the usage of new classical macroeconomics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of New Classical Macroeconomics.
Author : Kevin D. Hoover
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 634 pages
Book Rating : 4.3/5 (91 download)
Download or read book The New Classical Macroeconomics written by Kevin D. Hoover and published by Edward Elgar Publishing. This book was released on 1992 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprises articles published between 1972 and 1992 on new classical macroeconomics. It starts by examining the rational expectations hypothesis and the application of general equilibrium to labour markets and continues with various arguments for the ineffectiveness of government policy.
Author : Kevin D. Hoover
Publisher :
ISBN 13 :
Total Pages : 309 pages
Book Rating : 4.:/5 (265 download)
Download or read book The New Classical Macroeconomics written by Kevin D. Hoover and published by . This book was released on 1989 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kevin D. Hoover
Publisher : Wiley-Blackwell
ISBN 13 : 9780631172635
Total Pages : 310 pages
Book Rating : 4.1/5 (726 download)
Download or read book The New Classical Macroeconomics written by Kevin D. Hoover and published by Wiley-Blackwell. This book was released on 1990 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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.
Author : Jerome L. Stein
Publisher : New York : New York University Press
ISBN 13 : 9780814778241
Total Pages : 228 pages
Book Rating : 4.7/5 (782 download)
Download or read book Monetarist, Keynesian, and New Classical Economics written by Jerome L. Stein and published by New York : New York University Press. This book was released on 1983 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alessandro Vercelli
Publisher : Cambridge University Press
ISBN 13 : 9780521392945
Total Pages : 292 pages
Book Rating : 4.3/5 (929 download)
Download or read book Methodological Foundations of Macroeconomics written by Alessandro Vercelli and published by Cambridge University Press. This book was released on 1991-09-26 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an investigation of the methodological and epistemological foundations of macroeconomic theory, based on an examination of the theories of Keynes and Lucas. It is divided into two parts. In the first Professor Vercelli discusses the methodological issues which lie behind the conflict among different schools of thought in macroeconomics (equilibrium and disequilibrium, risk and uncertainty, rationality and causality). These issues are central to the current debate not only in many branches of economics, but also in other scientific disciplines. The traditional point of view of science based on equilibrium, stability and determinism has been increasingly challenged by a new point of view in which disequilibrium, instability and uncertainty play a crucial role. This, the author argues, is bound to put macroeconomics in a new, more promising position. In the second part of the book the author compares the two main alternative research programmes in macroeconomics: that outlined by Keynes in his 'General Theory', and that suggested by Lucas, the leader of the new classical economists.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 412 pages
Book Rating : 4.:/5 (661 download)
Download or read book Neoclassical Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-16 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Neoclassical Economics In the field of economics, neoclassical economics refers to an approach that observes the production, consumption, and valuation (price) of commodities and services as being driven by the supply and demand model. According to this school of thinking, the value of a product or service is established by a hypothetical process that involves the maximization of utility by individuals with limited incomes and of profits by businesses that are confronted with production costs and make use of the information and factors of production that are accessible. By making reference to rational choice theory, this strategy has frequently been defended as being appropriate. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Neoclassical economics Chapter 2: Economics Chapter 3: Keynesian economics Chapter 4: Microeconomics Chapter 5: Perfect competition Chapter 6: General equilibrium theory Chapter 7: New Keynesian economics Chapter 8: Index of economics articles Chapter 9: Classical economics Chapter 10: Economic efficiency Chapter 11: Welfare economics Chapter 12: Steve Keen Chapter 13: Heterodox economics Chapter 14: Sonnenschein-Mantel-Debreu theorem Chapter 15: Schools of economic thought Chapter 16: Dynamic stochastic general equilibrium Chapter 17: Microfoundations Chapter 18: Neoclassical synthesis Chapter 19: New classical macroeconomics Chapter 20: Macroeconomics Chapter 21: History of macroeconomic thought (II) Answering the public top questions about neoclassical economics. (III) Real world examples for the usage of neoclassical economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of neoclassical economics.
Author : James C.W. Ahiakpor
Publisher : Routledge
ISBN 13 : 1134742045
Total Pages : 273 pages
Book Rating : 4.1/5 (347 download)
Download or read book Classical Macroeconomics written by James C.W. Ahiakpor and published by Routledge. This book was released on 2003-05-22 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Depression and Keynes's definition of economic concepts made it difficult for modern economists to appreciate the classical insights. This book clarifies the classical explanations to resolve the continuing disputes.
Author : Athol Fitzgibbons
Publisher : Edward Elgar Publishing
ISBN 13 : 1843765330
Total Pages : 183 pages
Book Rating : 4.8/5 (437 download)
Download or read book The Nature of Macroeconomics written by Athol Fitzgibbons and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nature of Macroeconomics is a short but adventurous book that punches well above its weight . . . As part of a growing literature that identifies methodological issues as central to any appreciation of macroeconomic debate, and which seeks to under-labor for a more relevant useful indeed, more scientific macroeconomics, Fitzgibbons book is to be warmly welcomed. Mark Setterfield, Review of Social Economy Fitzgibbons examines the foundations of macroeconomic theory and policy and develops an insightful discussion of important issues, especially the state of knowledge of both market participants and policymakers . . . The Nature of Macroeconomics is clearly a book that contributes to the growth of our own partial knowledge. David Dequech, Review of Political Economy Athol Fitzgibbons s book distils the main lesson of the debates on Keynes over the last 25 years: that macroeconomics has to be based on a theory of knowledge consistent with the way life is lived, where decisions are made in the face of imperfect knowledge. All existing theory (including, he argues, the General Theory) assumes either perfect knowledge or complete ignorance. He shows us why this has happened, and suggests a way out. It is a brave, knowledgeable and important book. Victoria Chick, University College London, UK A well-written, well-argued discussion of the foundations of macro. If you are unfamiliar with the arguments that macro is not, and cannot be, a traditional science, then this book is definitely worth reading. David Colander, Middlebury College, Vermont, US This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge. The author sketches the intellectual history of partial knowledge and judgement so far as these relate to macroeconomics, and rejects the claims that Keynes recanted the analysis of practical reason in his Treatise on Probability. Fitzgibbons s theme is the possibility of a new synthesis of Keynes and the neoclassical system. This stresses financial rationality, but it also recognizes that there is an element of indeterminacy in both government policies and the movements of the market.
Author : Arjo Klamer
Publisher : Totowa, N.J. : Rowman & Allanheld
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.:/5 (321 download)
Download or read book Conversations with Economists written by Arjo Klamer and published by Totowa, N.J. : Rowman & Allanheld. This book was released on 1984 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of interviews with 11 of the nation's leading economic theorists providing an introduction to current issues in economic theory and to the ways in which economists think.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.:/5 (661 download)
Download or read book Neoclassical Synthesis written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-13 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Neoclassical Synthesis The neoclassical synthesis (NCS), Neoclassical-Keynesian Synthesis, or just neo-Keynesianism was a neoclassical economics academic movement and paradigm in economics that worked towards reconciling the macroeconomic thought of John Maynard Keynes in his book The General Theory of Employment, Interest and Money (1936). It was formulated most notably by John Hicks (1937), Franco Modigliani (1944), and Paul Samuelson (1948), who dominated economics in the post-war period and formed the mainstream of macroeconomic thought in the 1950s, 60s, and 70s. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Neoclassical synthesis Chapter 2: Keynesian economics Chapter 3: Macroeconomics Chapter 4: Post-Keynesian economics Chapter 5: IS-LM model Chapter 6: Full employment Chapter 7: New Keynesian economics Chapter 8: Index of economics articles Chapter 9: John Hicks Chapter 10: Classical economics Chapter 11: The General Theory of Employment, Interest and Money Chapter 12: Edmund Phelps Chapter 13: Alvin Hansen Chapter 14: New classical macroeconomics Chapter 15: Paul Davidson (economist) Chapter 16: Paul Samuelson Chapter 17: Keynesian Revolution Chapter 18: History of macroeconomic thought Chapter 19: Disequilibrium macroeconomics Chapter 20: Mr. Keynes and the "Classics" Chapter 21: Marxism and Keynesian economics (II) Answering the public top questions about neoclassical synthesis. (III) Real world examples for the usage of neoclassical synthesis in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Neoclassical Synthesis.
Author : Michel De Vroey
Publisher : Cambridge University Press
ISBN 13 : 0521898439
Total Pages : 451 pages
Book Rating : 4.5/5 (218 download)
Download or read book A History of Macroeconomics from Keynes to Lucas and Beyond written by Michel De Vroey and published by Cambridge University Press. This book was released on 2016-01-08 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macro (Patinkin, Leijongufvud, and Clower) non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macro (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macro. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.
Author : Frank Hahn
Publisher : MIT Press
ISBN 13 : 9780262581547
Total Pages : 174 pages
Book Rating : 4.5/5 (815 download)
Download or read book A Critical Essay on Modern Macroeconomic Theory written by Frank Hahn and published by MIT Press. This book was released on 1997 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.
Author : Fotini Mastroianni
Publisher : GRIN Verlag
ISBN 13 : 3668380120
Total Pages : 8 pages
Book Rating : 4.6/5 (683 download)
Download or read book New Classical economists. Why do New Classical economists believe that economic policy is ineffective? written by Fotini Mastroianni and published by GRIN Verlag. This book was released on 2017-01-16 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2016 in the subject Economics - Macro-economics, general, , course: Economics, language: English, abstract: The neoclassical school has two founding members WS Jevons and L. Walras, who wrote their key projects in the 1870s. The difference made by the neoclassical school in relation to the classical school is that it uses the principles of utilitarianism of the human nature in the sphere of economy. The man is a rational person looking for the maximum satisfaction of his/her needs, for getting the maximum utility by directing his/her actions towards the increase of his/her pleasure and the reduction of his/her pain. Thus, for the neo-classical economists, the consumer seeks the combination of goods that maximizes the utility derived from consumption and the producer seeks to maximize profits, while each individual chooses the combination of work and leisure that maximizes his/her satisfaction. Also, they argue that the value of goods results from the satisfaction they provide and not from the work they incorporate as the classical economists believed. From the text: - the market failure to achieve efficiency and justice; - imperfect competition; - equality of power; - external consequences
Author : Peter Galbács
Publisher : Academic Press
ISBN 13 : 0128165537
Total Pages : 400 pages
Book Rating : 4.1/5 (281 download)
Download or read book The Friedman-Lucas Transition in Macroeconomics written by Peter Galbács and published by Academic Press. This book was released on 2020-02-20 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Friedman-Lucas Transition in Macroeconomics: A Structuralist Approach considers how and to what extent monetarist and new classical theories of the business-cycle can be regarded as approximately true descriptions of a cycle’s causal structure or whether they can be no more than useful predictive instruments. This book will be of interest to upper-division undergraduates, graduate students, researchers and professionals concerned with practical, theoretical and historical aspects of macroeconomics and business-cycle modeling. Offers a wide selection of Robert Lucas’s unpublished works Discusses the history of business-cycle theories in the context of methodological advancements Suggests effective arguments for emphasizing the key role of representative agents and their assumed properties in macro-modeling
