Reconstructing Keynesian Macroeconomics Volume 1: Partial Perspectives [NOOK Book]

Overview

This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the ...

See more details below
Reconstructing Keynesian Macroeconomics Volume 1: Partial Perspectives

Available on NOOK devices and apps  
  • NOOK Devices
  • NOOK HD/HD+ Tablet
  • NOOK
  • NOOK Color
  • NOOK Tablet
  • Tablet/Phone
  • NOOK for Windows 8 Tablet
  • NOOK for iOS
  • NOOK for Android
  • NOOK Kids for iPad
  • PC/Mac
  • NOOK for Windows 8
  • NOOK for PC
  • NOOK for Mac
  • NOOK Study
  • NOOK for Web

Want a NOOK? Explore Now

NOOK Book (eBook)
$44.95
BN.com price

Overview

This book represents the first of three volumes offering a complete reinterpretation and restructuring of Keynesian macroeconomics and a detailed investigation of the disequilibrium adjustment processes characterizing the financial, the goods and the labour markets and their interaction. It questions in a radical way the evolution of Keynesian macroeconomics after World War II and focuses on the limitations of the traditional Keynesian approach until it fell apart in the early 1970s, as well as the inadequacy of the new consensus in macroeconomics that emerged from the Monetarist critique of Keynesianism.



Professors Chiarella, Flaschel and Semmler investigate basic methodological issues, the pitfalls of the Rational Expectations School, important feedback channels in the tradition of Tobin’s work, and theories of the wage-price spiral and the evidences for them. The book uses primarily partial approaches, the integration of which will be the subject of subsequent volumes. With its focus on Keynesian propagation mechanisms, the research in this book provides a unique alternative to the black-box shock-absorber approaches that dominate modern macroeconomics.



Reconstructing Keynesian Macroeconomics should be of interest to students and researchers who want to look at alternatives to the mainstream macrodynamics that emerged from the Monetarist critique of Keynesianism.

Read More Show Less

Editorial Reviews

From the Publisher
'Reconstructing Keynesian Macroeconomics lives up to its title. The authors present an up-to-date, technically sophisticated version of truly Keynesian macrodynamics along with a trenchant critique of mainstream modeling. The book represents the state of the art in an exciting area of macroeconomics.' - Lance Taylor, New School for Social Research, New York, USA
Read More Show Less

Product Details

  • ISBN-13: 9781136650369
  • Publisher: Taylor & Francis
  • Publication date: 3/29/2012
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 416
  • File size: 19 MB
  • Note: This product may take a few minutes to download.

Meet the Author

Carl Chiarella is currently Professor of Quantitative Finance in the Business Faculty at the University of Technology, Sydney, Australia.

Peter Flaschel is Professor Emeritus of Economics at Bielefeld University, Germany.

Willi Semmler is Professor of Economics at The New School for Social Research, USA.

Read More Show Less

Table of Contents

Part 1: Methodological Issues: Macro-Frequencies and Dimensions 1. Applicable Macro is Continuous-Time Macro 2. Walras’ Law and the Role of Dimensional Analysis in Economics 3. Lucas (1975): Too Ad Hoc? Part 2: Model-Consistent Forecasts, Determinacy and the Rational Expectations School 4. Price Flexibility and Instability: Tobin (1975) Reconsidered 5. Stock Market Driven Multiplier Dynamics: A Reconsideration 6. Inflation and Perfect Foresight: Implications of Nonlinearity 7. Determinacy in the New-Keynesian Sticky Wage/Price Model Part 3: Macroeconomic Adjustment Processes: Theory 8. Disequilibrium Growth Theory with Insider-Outsider Effects 9. The Dominance of Keynesian Regimes in Nonwalrasian Growth 10. Steindlian Models of Growth and Stagnation 11. Investment of Firms in Capital and Productivity Growth 12. A Harrodian Knife-Edge Theorem in the Wage-Price Dynamics Part 4: Macroeconomic Adjustment Processes: Evidence 13. Estimating Interacting Wage-Price Dynamics 14. ES Calibration of Wage & Price Phillips Curves 15. Testing Nonlinear Wage & Price Phillips Curves for the USA 16. The Distributive Cycle with a Nonlinear Wage Phillips Curve Part 5: The Road Ahead: Neoclassical Syntheses and Beyond 17. Keynesian Business Cycle Analysis: Past, Present, Future

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)