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

Book Details

Format Paperback / Softback
ISBN-10 0674843746
ISBN-13 9780674843745
Publisher Harvard University Press
Imprint Harvard University Press
Country of Manufacture US
Country of Publication GB
Publication Date Sep 1st, 1998
Print length 440 Pages
Weight 590 grams
Ksh 7,900.00
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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.

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