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Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps
eBook
$115.00
By Philippe Aghion (Editor), Roman Frydman (Editor), Joseph E. Stiglitz (Editor), Michael Woodford (Editor)
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Macroeconomics would not be what it is today without Edmund Phelps. This book assembles the field's leading figures to highlight the continuing influence of his ideas from the past four decades. Addressing the most important current debates in macroeconomic theory, it focuses on the rates at which new technologies arise and information about markets is dispersed, information imperfections, and the heterogeneity of beliefs as determinants of an economy's performance. The contributions, which...