The nature of macroeconomics : instability and change in the capitalist system / Athol Fitzgibbons.
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TextPublication details: Cheltenham, UK ; Northampton, MA, USA : Edward Elgar, c2000.Description: xi, 171 p. ; 23 cmISBN: - 184064933X (pbk.)
- 1840640693
- 339
- HB172.5 .F5445 2000
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Includes bibliographical references (p. 159-165) and index.
This book addresses the long absense of a satisfactory theory of macroeconomics.Keynesian theory is not consistent with rational self-interest, but neoclassical economics is unable to explain economic volatility and the trade cycle.
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