Routledge Macroeconomic Modelling, Economic Policy and Methodology

Explore the frontiers of political economy with this comprehensive text from Routledge. This book presents a deep look at the cutting edge of macroeconomic modelling, economic policy, and methodology through the lens of heterodox economic thinking. It serves as a vital resource for those seeking alternatives to the modern macroeconomic mainstream and its standard DSGE (dynamic stochastic general equilibrium) models. The text is divided into two distinct sections to provide a thorough understanding of the field. The first part addresses fundamental methodological issues, making a case for stronger ethical considerations within macroeconomics. It also advocates for a strategy of pluralism, helping ensure that macroeconomic theory remains capable of adapting to real-world economic issues. The second part of the book highlights recent trends in the field, providing readers with a modern perspective on how economic models can better serve society. Whether you are a student, researcher, or policy professional, this book offers a necessary perspective on the evolution of economic thought and the practical application of diverse modelling strategies.