Macroeconomics in the Small and the Large

Un libro in lingua di Farmer Roger E. A. (EDT) edito da Edward Elgar Pub, 2009

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Farmer (economics, U. of California, Los Angeles; Self-Fulfilling Prophecies in Macroeconomics), introduces this collection of nine articles constituting a festschrift for economist Axel Leijonhufvud (emeritus, UCLA; monetary theory and policy, U. of Trento, Italy). Contributors provide historical and technical supplements to Leijonhufvud's influential ideas: On Keynesian Economics and the Economics of Keynes (1968), in which he expressed discomfort with rigid interpretations of Keynes' economics; and most relevant currently, that during normal economic times the economy operates within a 'corridor' of acceptable fluctuations, and economists should draw lessons from historical events like the Great Depression when the economy moved shockingly outside this corridor. In keeping with Leijonhufvud's originality, authors present alternative models. The volume includes a bibliography of his publications. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)

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