ISBN-10:
184064933X
ISBN-13:
9781840649338
Pub. Date:
03/01/2002
Publisher:
Elgar, Edward Publishing, Inc.
The Nature of Macroeconomics: Instability and Change in the Capitalist System

The Nature of Macroeconomics: Instability and Change in the Capitalist System

by Athol FitzgibbonsAthol Fitzgibbons
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Overview

Macroeconomics (inflation, unemployment, money, international trade, and economic growth) is a subject, argues Fitzgibbons (economics, Griffith U., Australia), replete with doubt and confusion about basic principles and one whose methods are inconsistent with the facts it attempts to explain. To address these problems, he examines macroeconomic volatility and suggests a way to understand what macroeconomic policies can and cannot do. Toward this end, Fitzgibbons suggests that macroeconomic volatility is caused by a fundamental indeterminacy in market behavior, then critiques macroeconomic theory for assuming away non-quantitative knowledge, and finally, theorizes that the determinism restricting economic reasoning also restricts modern thought in general. Annotation c. Book News, Inc., Portland, OR

Product Details

ISBN-13: 9781840649338
Publisher: Elgar, Edward Publishing, Inc.
Publication date: 03/01/2002
Pages: 192
Product dimensions: 6.12(w) x 9.25(h) x (d)

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