£131.56

MACMILLAN Macmillan New Paradigm in Macroeconomics - Economics Book

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Description

Modern mainstream economics faces growing criticism for its high degree of abstraction and lack of connection to economic reality. Many economists now argue for a better reflection of imperfect information, the role of banks, credit markets, and the mechanisms of economic growth. This book addresses these concerns by exploring the role of institutions and the possibility that markets may not clear. Rather than simply identifying flaws in current mainstream models, this work offers an alternative paradigm. It provides a framework that explains existing economic principles while accounting for many modern anomalies. By using the specific case of Japan's macroeconomic performance to solve complex puzzles, this text provides a necessary perspective for those studying economic policy and development. It serves as a vital resource for understanding how real-world variables impact global economic stability.

Key Features

Offers an alternative economic paradigm that accounts for modern anomalies and real-world data.

Explores the impact of imperfect information and the specific roles of banks and credit markets.

Provides deep analysis of economic growth mechanisms and the influence of institutions.

Examines the reality of markets that may not clear, challenging traditional mainstream theories.

Uses the specific case of Japan's macroeconomic performance to solve complex economic puzzles.

Addresses the gap between abstract economic theory and practical economic reality.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
21 March 2005
Listed Since
02 February 2007

Barcode

No barcode data available

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