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A Critical Essay on Modern Macroeconomic Theory

by Frank Hahn

  • ISBN: 9780262581547
  • ISBN10: 026258154X

A Critical Essay on Modern Macroeconomic Theory

by Frank Hahn

  • Binding: Paperback
  • Publisher: Mit Pr
  • Publish date: 09/01/1997
  • ISBN: 9780262581547
  • ISBN10: 026258154X
used Add to Cart $12.93
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new Add to Cart $31.68
Marketplace Item
Returnable at the third party seller's discretion and may come without consumable supplements like access codes, CD's, or workbooks.
Description: In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from the authors' profound disagreement with that trend. It demonstrates not only how the new classical view got macroeconomics wrong, but also how to go about doing macroeconomics the right way.

Hahn and Solow argue that what was originally offered as a normative model based on perfect foresight and universal perfect competition has been almost casually transformed into a model for interpreting real macroeconomic behavior. After explaining microeconomic foundations, the authors introduce a better macro model, one that can say useful things about the fluctuation of employment, the correlation between wages and employment, and the role for corrective monetary policy.

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Product notice Returnable at the third party seller's discretion and may come without consumable supplements like access codes, CD's, or workbooks.
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Seller: Powell's Books Chicago
Location: Chicago, IL
Condition: Like New
1997. Reprint. paperback. Publisher's mark on text block. Otherwise, Fine.
Price:
$12.93
Comments:
1997. Reprint. paperback. Publisher's mark on text block. Otherwise, Fine.
Seller: ErgodeBooks
Location: Houston, TX
Condition: Good
Trade paperback (US). Glued binding. 208 p. Mit Press.
Price:
$19.07
Comments:
Trade paperback (US). Glued binding. 208 p. Mit Press.
Seller: ErgodeBooks
Location: Houston, TX
Condition: New
Trade paperback (US). Glued binding. 208 p. Mit Press.
Price:
$31.68
Comments:
Trade paperback (US). Glued binding. 208 p. Mit Press.
Seller: discount_scientific_books
Location: Sterling Heights, MI
Condition: New
New, US edition. Satisfaction guaranteed! !
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New, US edition. Satisfaction guaranteed! !
Seller: Bonita
Location: Newport Coast, CA
Condition: Good
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Access codes and supplements are not guaranteed with used items. May be an ex-library book.
Seller: Bonita
Location: Newport Coast, CA
Condition: New
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Price:
$74.90
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Seller: GridFreed
Location: North Las Vegas, NV
Condition: New
Size: 8x5x0; In shrink wrap. Looks like an interesting title!
Price:
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Size: 8x5x0; In shrink wrap. Looks like an interesting title!
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