Seven Schools of Macroeconomic Thought

Released on by Edmund S. Phelps
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  • Seven Schools of Macroeconomic Thought Book Detail

  • Author : Edmund S. Phelps
  • Release Date : 1990-05-17
  • Publisher : Clarendon Press
  • Genre : Business & Economics
  • Pages : 124
  • ISBN 13 : 0191521280
  • File Size : 12,12 MB
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Seven Schools of Macroeconomic Thought by Edmund S. Phelps PDF Summary

Book Description: This book offers an excellent survey of various macroeconomic topics which feature prominently in the research agenda and have inspired both theoretical and policy debate. The book presents an authoritative and comprehensive summary and original critique of modern macroeconomic approaches by a scholar whose own contribution to the field is considerable. In each of his seven chapters, the author reviews one school of economic thought. These are: the Keynesian school of macroeconomics; the monetarist school; the New Classical school; the New-Keynesian school; supply side macroeconomics, and `non-monetary' models of macroeconomics - the real business cycle theory and the `structuralist school' which views changes in unemployment as the outcome of shifts in the structural characteristics of the economy. The book is the text of the first series of Ryde Lectures, established by Lund University in Sweden.

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Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare, and evaluate the evolution of the major rival stories comprising contemporary