The financial crisis that began in 2007 has severely shaken economics and has brought into question its analyses and recommendations. Not all macroeconomists are up to the challenge. This thought-provoking book addresses how economic ideas have failed from a macro perspective, and questions which macroeconomic theories should researchers should preserve and develop. The nine highly-renowned macroeconomists contributing to this book highlight the virtues of eclectic macro over an authoritarian normative approach. Their wide-ranging chapters remind us that there are many positive approaches to macroeconomics.
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'As dynamic as legal change has been in South Korea, it has also been understudied, at least until the arrival of this wonderful collection of essays. The authors, who are all leading figures in the field, demonstrate convincingly that Korean experience is relevant to many of the contemporary questions in law and society studies. Every law and society scholar should read this book.' - Tom Ginsburg, University of Chicago, US
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
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