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Macrodynamics of Business Cycles : A Comparative Evaluation by Mohammed H. Dore

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Last updated on 16 Jan, 2025 04:05:36 AEDSTView all revisionsView all revisions

Item specifics

Condition
Good: A book that has been read but is in good condition. Very minimal damage to the cover including ...
Level
Business
ISBN
9781557863805

About this product

Product Identifiers

Publisher
Wiley & Sons, Incorporated, John
ISBN-10
1557863806
ISBN-13
9781557863805
eBay Product ID (ePID)
2152845

Product Key Features

Number of Pages
240 Pages
Publication Name
Macrodynamics of Business Cycles : a Comparative Evaluation
Language
English
Subject
Economics / Macroeconomics, Economics / General
Publication Year
1993
Type
Textbook
Subject Area
Business & Economics
Author
Mohammed H. Dore
Format
Trade Paperback

Dimensions

Item Height
0.6 in
Item Weight
13.1 Oz
Item Length
9 in
Item Width
6 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
92-016330
Dewey Edition
20
TitleLeading
The
Illustrated
Yes
Dewey Decimal
338.542
Synopsis
This book is a comparative evaluation of the main theories of business cycles. The book begins with a brief statistical description of US business cycles and proposes criteria, in Part One, for the evaluation of the theories based on the observed empirical regularities., This book is a comparative evaluation of the main theories of business cycles. The book begins with a brief statistical description of US business cycles and proposes criteria, in Part One, for the evaluation of the theories based on the observed empirical regularities. Part Two is a full exposition of the new Classical theories of business cycles, the Lucas monetary misperceptions approach, as well as the so-called "real" business cycle approach based on outside shocks to the economy. This is followed by a detailed treatment of the "new" Keynesian business theory based on price rigidities and market imperfections. Part Three begins with an introductory chapter on concepts of nonlinear dynamics used in the rest of the book. This is followed by theories that explain the business cycle as a feature inherent to free enterprise economies. Three models are considered: the Kaldor model, the non-Walrasian Benassy model and the Goodwin model of integrated growth and cycle. The criteria developed earlier are used to assess the explanatory power of each theory. However each model is explained before it is formulated rigorously. The treatment is fully self-contained, with all intermediate steps in the argument, so that the book is made accessible to undergraduates. It should be of interest to graduate students and advanced undergraduate students in economics., This book is a comparative evaluation of the main theories of business cycles. The book begins with a brief statistical description of US business cycles and proposes criteria, in Part One, for the evaluation of the theories based on the observed empirical regularities. Part Two is a full exposition of the new Classical theories of business cycles, the Lucas monetary misperceptions approach, as well as the so-called real business cycle approach based on outside shocks to the economy. This is followed by a detailed treatment of the new Keynesian business theory based on price rigidities and market imperfections. Part Three begins with an introductory chapter on concepts of nonlinear dynamics used in the rest of the book. This is followed by theories that explain the business cycle as a feature inherent to free enterprise economies. Three models are considered: the Kaldor model, the non-Walrasian Benassy model and the Goodwin model of integrated growth and cycle.

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