Structural Slumps The Modern Equilibrium Theory of Unemployment, Interest, and Assets |
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| Author:
| Phelps, Edmund |
| ISBN: | 978-0-674-84374-5 |
| Publication Date: | Sep 1998 |
| Publisher: | Harvard University Press
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| Book Format: | Paperback |
| List Price: | AUD $90.95 |
Book Description:
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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.
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.