Structural Slumps - The Modern Equilibrium Theory of Unemployment, Interest, and Assets

Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands--some modern and some classical--a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s.

Sommario

Info autore

Edmund Phelps won the 2006 Nobel Prize for Economics for deepening our understanding of the relationship between short-run and long-run effects of economic policy. He is Director of the Center on Capitalism and Society at Columbia University and author of many books, including Inflation Policy and Unemployment Theory, Structural Slumps, and Mass Flourishing.

Riassunto

Dissatisfied with explanations of the business cycle provided by Keynesian, monetarist, New Keynesian, and real business cycle schools, Phelps has developed from existing modern and classical strains a radical theory to account for long periods of unemployment that have dogged the economies of the U.S. and Western Europe since the early 1970s.

Dettagli sul prodotto

• Autori: Edmund Phelps, Edmund S. Phelps
• Editore: University Presses
• Lingue: Inglese
• Formato: Tascabile
• Pubblicazione: 01.09.1998
• EAN: 9780674843745
• ISBN: 978-0-674-84374-5
• Peso: 590 g
• Illustrazioni: 41 line illustrations, 12 tables
• Categorie: Scienze sociali, diritto, economia > Economia > Tematiche generali, enciclopedie; BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Economics / Macroeconomics, macroeconomics, Labour / income economics, Economic theory & philosophy, c 1970 to c 1979, c 1970 to c 1980, c 1990 to c 2000, c 1990 to c 1999, C 1980 To C 1990, c 1980 to c 1989, Economic theory and philosophy, BUSINESS & ECONOMICS / Labor / General, Employment & Unemployment