£39.04

Cambridge University Press A History of Macroeconomics from Keynes to Lucas and Beyond

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£39.09 £36.78 £37.28 £37.79 £38.29 £38.80 £39.30 09 March 2026 31 March 2026 22 April 2026 14 May 2026 05 June 2026

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Description

This book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
07 January 2016
Listed Since
29 May 2015

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