Synopsis
Critiques macroeconomic theories and presents empirically based alternatives rooted in behavioral, Keynesian and institutionalist traditions.
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About the Author
Peter Skott is Professor Emeritus at University of Massachusetts and Professor of Economics at Aalborg University. He has published widely in mainstream and heterodox journals on growth and development, business cycles, income distribution and financial instability. He is the author of the book Conflict and Effective Demand in Economic Growth.
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Structuralist and Behavioral Macroeconomics
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Cambridge University Press, 2023
ISBN 10: 1009367307
ISBN 13: 9781009367301
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Structuralist and Behavioral Macroeconomics
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ISBN 10: 1009367307
ISBN 13: 9781009367301
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Structuralist and Behavioral Macroeconomics
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ISBN 10: 1009367307
ISBN 13: 9781009367301
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Structuralist and Behavioral Macroeconomics (Paperback)
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ISBN 10: 1009367307
ISBN 13: 9781009367301
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Paperback. Condition: new. Paperback. Mainstream macroeconomics is founded on the idea of perfectly rational representative agents. Yet there is a growing realization that economic theories based on such agents are inadequate guides to real-world decision making. The behavioural evidence has had significant impacts on microeconomics but the same cannot be said of macroeconomics. This book is part of the movement to do for macroeconomics what behavioural thinking has done for microeconomics. Using behavioural evidence and insights from Keynesian and institutionalist traditions, it presents an empirically grounded alternative to the paradigm that currently dominates macroeconomic theory. It highlights how dynamic interactions across markets can generate instability, endogenous cycles and secular stagnation. It fully engages with macroeconomic theory, provides a multi-faceted view that explains how and why it is time to rethink its foundations and offers a path forward. This book presents an empirically grounded alternative to prevailing macroeconomic orthodoxy. Using evidence from behavioral economics and insights from Keynesian and institutionalist traditions, it is essential reading for graduate students, researchers and professional economists who have become critical of graduate-level macroeconomic theory. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781009367301
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Structuralist and Behavioral Macroeconomics
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ISBN 10: 1009367307
ISBN 13: 9781009367301
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Structuralist and Behavioral Macroeconomics
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Structuralist and Behavioral Macroeconomics
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ISBN 13: 9781009367301
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Structuralist and Behavioral Macroeconomics
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Structuralist and Behavioral Macroeconomics
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ISBN 10: 1009367307
ISBN 13: 9781009367301
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