What’s Right with Macroeconomics? (The Cournot Centre series) - Softcover

Softcover

ISBN 10: 1781007446 ISBN 13: 9781781007440

Publisher: Edward Elgar Publishing Ltd, 2012

Synopsis

Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It questions how the field of economics - still reeling from the global financial crisis initiated in the summer of 2007 - will respond.

The contributors, nine highly-renowned macroeconomists, highlight the virtues of eclectic macroeconomics over an authoritarian normative approach, and illustrate that macroeconomic 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 macroeconomics.

This challenging and thought-provoking book will prove a stimulating read for researchers, academics and students of economics, as well as for professional economists.

Contributors include: W. Carlin, J.-B. Chatelain, G. Corsetti, P. De Grauwe, G. Dosi, G. Fagiolo,
R.J. Gordon, M. Napoletano, X. Ragot, A. Roventini, R.M. Solow, X. Timbeau, J.-P. Touffut, V. Wieland

About this title

About the Author

Edited by the late Robert M. Solow, formerly 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

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2012
• Language: English
• ISBN 10: 1781007446
• ISBN 13: 9781781007440
• Binding: Paperback
• Number of pages: 256
• Editor: Solow Robert M., Touffut Jean-Philippe