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Edward Elgar Publishing Edward Elgar - Laissez-Faire in American Macroeconomic Theory

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Description

Explore the major shift in economic thought with this detailed study from Edward Elgar Publishing. During the 1970s, the established Keynesian orthodoxy in macroeconomics began to break down. In place of discretionary policy recommendations, models advocating for laissez-faire rose to the forefront of economic theory. This work tracks how laissez-faire moved from an exceptional policy used for rare market clearing to becoming the standard policy approach. This book provides a definitive account of this economic watershed. It traces the evolution of laissez-faire through the specific cases of its most influential proponents. Readers will gain insight into the theories and impacts of Frank Knight, Henry Simons, Friedrich von Hayek, Milton Friedman, James Buchanan, and Robert Luca. It is an essential resource for those studying business and economic history.

Key Features

This book by Edward Elgar Publishing provides a definitive account of the shift from Keynesian orthodoxy to laissez-faire models.

The text traces the evolution of macroeconomic theory during the transition period of the 1970s.

It examines the specific contributions and cases of pioneers including Milton Friedman and Friedrich von Hayek.

The study includes detailed analysis of the work of Frank Knight, Henry Simons, James Buchanan, and Robert Luca.

This publication serves as a comprehensive resource for the study of business and economic history.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
27 November 2002
Listed Since
12 January 2007

Barcode

No barcode data available

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