Modern Macroeconomics: Its Origins, Development and Current State

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Edward Elgar Publishing, Jan 1, 2005 - Business & Economics - 807 pages
Snowdon and Vane s book is extremely welcome. Indeed the authors examine, compare, and evaluate the evolution of the major rival stories comprising contemporary macroeconomic thought, but they also trace the development and interaction of key events and i
 

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Contents

1 Understanding modern macroeconomics
1
2 Keynes v the old classical model
36
3 The orthodox Keynesian school
101
4 The orthodox monetarist school
163
5 The new classical school
219
6 The real business cycle school
294
7 The new Keynesian school
357
8 The Post Keynesian school
451
9 The Austrian school
474
10 The new political macroeconomics
517
11 The renaissance of economic growth research
579
12 Conclusions and reflections
695
Bibliography
708
Author index
791
Subject index
803
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About the author (2005)

Brian Snowdon, Senior Teaching Fellow, Department of Economics and Finance, Durham University, UK and Howard R. Vane, Emeritus Professor of Economics, Liverpool Business School, Liverpool John Moores University, UK

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