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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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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