New Paradigm in Macroeconomics : Solving the Riddle of Japanese Macroeconomic Performance
2005 ed.
by
R. Werner
Book Details
Format
Paperback / Softback
ISBN-10
1403920745
ISBN-13
9781403920744
Edition
2005 ed.
Publisher
Palgrave USA
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 24th, 2005
Print length
423 Pages
Weight
536 grams
Dimensions
14.10 x 21.60 x 2.60 cms
Product Classification:
Macroeconomics
Ksh 25,200.00
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Modern mainstream economics is attracting an increasing number of critics of its high degree of abstraction and lack of relevance to economic reality.
Modern mainstream economics is attracting an increasing number of critics of its high degree of abstraction and lack of relevance to economic reality. Economists are calling for a better reflection of the reality of imperfect information, the role of banks and credit markets, the mechanisms of economic growth, the role of institutions and the possibility that markets may not clear. While it is one thing to find flaws in current mainstream economics, it is another to offer an alternative paradigm which, can explain as much as the old, but can also account for the many ''anomalies''. That is what this book attempts. Since one of the biggest empirical challenges to the ''old'' paradigm has been raised by the second largest economy in the world - Japan - this book puts the proposed ''new paradigm'' to the severe test of the Japanese macroeconomic reality.
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