A Critique of Neoclassical Macroeconomics

by John Weeks

Overview

The purpose of this book is to provide a critique of the standard neoclassical macroeconomic model. This model is the basis of certain "parables" which play a major role in policy-making and in the way that the layman conceives of economic policy and management.

Product Details

ISBN-13:	9780333493823
Publisher:	Palgrave Macmillan UK
Publication date:	10/24/1989
Edition description:	1989
Pages:	290
Product dimensions:	5.51(w) x 8.50(h) x (d)

Table of Contents

List of Tables and Diagrams - Preface and Acknowledgements - Introduction - PART 1 THE NEOCLASSICAL MACRO MODEL - The Demand Side of the Neoclassical Model - The Neoclassical Model with a Supply Side - Comparative Statics and Equilibrium - Money in the Neoclassical Model - The Classical False Dichotomy Model - Logically Consistent Money-Neutral Models - The 'Complete' Model with a Wealth Affect - PART 2 A CRITIQUE OF SELF-ADJUSTING FULL EMPLOYMENT - Neutrality and Full Employment - Expectations and Full Employment - Full Employment and Multi-Commodity Production - Full Employment and Disequilibrium - PART 3 A CRITIQUE OF INFLATION THEORY - Neoclassical Inflation: Aggregate Supply - Neoclassical Inflation: Aggregate Demand - Expectations, Inflation and Full Employment - The 'Natural' Rate, Neutrality, and Monetary Inflation - The Critique of Neoclassical Macroeconomics Summarized - Appendix - Index