The nature of macroeconomics instability and change in the capitalist system

The nature of macroeconomics instability and change in the capitalist system

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Bibliographische Detailangaben
1. Verfasser: Fitzgibbons, Athol (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cheltenham ; Northampton, MA Edward Elgar Publishing 2000
Schlagworte:
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Macroeconomics
Kapitalismus
Makroökonomie
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Inhaltsangabe:
  • pt. 1. The economics of indeterminacy
  • pt. 2. A critique of macroeconomics
  • pt. 3. Economics and practical reason
  • This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge

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