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Jumat, 18 Februari 2011

Macroeconomic – Theory and Its Failings

Macroeconomic – Theory and Its Failings

Edited By: Steven Kates

This is a book about the global fi nancial crisis and the economic theories that have been used fi rst to understand its causes and thereafter to contain the damage it has brought. But it is more than that. It is a book about the inadequacies of the economic theories that are being used to deal with the present global economic meltdown. The one and only unifying feature of the articles collected together within these covers is that each and every one of the authors disagrees with the standard mainstream neoclassical macroeconomic models that have been applied in attempting to comprehend what has gone on and then, more importantly, have been used to devise policies to bring this recession to an end. This book is thus about the usefulness or otherwise of existing textbook economics to deal with the present crisis. But while all disagree with the standard mainstream model, it should also be understood that the various authors in this collection do not necessarily agree with each other. [download]

Format : Ebook.Pdf

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