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What's Right with Macroeconomics? by Edward Elgar Publishing Ltd (Hardback, 2012)

Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroecomic paradigms associated with a new policy regime emerged. This book addresses how some macroecomic ideas have failed, and examines which theories researchers should preserve and develop. It questions how the field of ecomics - still reeling from the global financial crisis initiated in the summer of 2007 - will respond. The contributors, nine highly-rewned macroecomists, highlight the virtues of eclectic macroecomics over an authoritarian rmative approach, and illustrate that macroecomic reasoning can still be a useful tool for carrying out practical policy analysis. As for emerging research programmes, their wide-ranging chapters remind us that there are positive approaches to and reasons to believe in old-fashioned macroecomics. This challenging and thought-provoking book will prove a stimulating read for researchers, academics and students of ecomics, as well as for professional ecomists.

Place of Publication
Cheltenham
Edited by
Robert M. Solow, Jean-Philippe Touffut
Series Title
Cournot Centre Series
Content Note
Illustrations
Author Biography
Edited by Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology, US, Co-founder and Chairman, Cournot Foundation, Paris, France and Jean-Philippe Touffut, Director, Cournot Centre, Paris, France
Date of Publication
31/12/2012
Country of Publication
United Kingdom

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