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MACMILLAN Macmillan New Paradigm in Macroeconomics - Japan Study Book

Amazon

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Description

Modern mainstream economics faces growing criticism for its high level of abstraction and lack of connection to real-world economic conditions. Economists are increasingly looking for models that better reflect imperfect information, the function of credit markets, and the role of banking institutions. This book by Palgrave Macmillan addresses these gaps by proposing an alternative paradigm. Rather than simply identifying flaws in current theories, this work offers a framework that explains existing economic principles while accounting for various anomalies. By using Japan's macroeconomic performance as a primary case study, the text provides a way to understand economic growth mechanisms and the reality of markets that may not clear. It is an essential resource for those studying economic policy, development, and the evolution of macroeconomic theory.

Key Features

This Macmillan publication explores a new paradigm in macroeconomics to address the limitations of mainstream economic theory.

The text examines the specific puzzle of Japan's macroeconomic performance to provide real-world context for theoretical models.

Readers can learn about the role of banks, credit markets, and the mechanisms that drive economic growth.

The book addresses economic realities such as imperfect information and the possibility that markets may not clear.

This academic resource provides an alternative framework designed to account for many anomalies found in current mainstream economics.

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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