Peter Skott (Amherst University of Massachusetts)

Structuralist and Behavioral Macroeconomics

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 398
• Erscheinungstermin: 21. September 2023
• Englisch
• Abmessung: 244mm x 170mm x 21mm
• Gewicht: 700g
• ISBN-13: 9781009367301
• ISBN-10: 1009367307
• Artikelnr.: 67864116

Autorenporträt

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.

Inhaltsangabe

1. Introduction: the state of macroeconomics
2. The Lucas critique and representative agents
3. Household consumption and saving
4. Saving in a corporate economy
5. Phillips curves and the natural rate of unemployment
6. Fairness, money illusion and path dependency
7. Earnings inequality, power bias and mismatch
8. Macroeconomic adjustment and Keynes' instability argument
9. Growth and cycles
10. Endogenous growth cycles with or without price flexibility
11. Secular stagnation and functional finance
12. Concluding comments: evidence-based macroeconomics and economic theory
Index.