ENGLISH

Macroeconomic Models and Controversies

By Giuseppe Chirichiello

Book information

Publisher
Palgrave Macmillan
Year
1994
ISBN
0333585895, 9780333585894
Language
english
Format
PDF
Filesize
17 MB (17746667 bytes)
Pages
240\239
Time added
2015-07-01 08:51:55

Description

Providing an introduction to major topics in macroeconomic theory, this book offers the reader three keys for comparing different models. The first key is a mathematical reformulation of Say's Law. The second key is the use of the income velocity of the circulation of money as a behavioural function in accordance with the Friedman tradition. The third is the use of the Phillips curve to represent the labour market. The book also deals with rationing equilibria and some extensions. It provides a neo-Walrasian synthesis of Patinkin's suggestions and new perspectives on Keynesian criticism of neoclassical theory.

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