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Expectations, Employment and Prices
Roger Farmer
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| #2388313 in eBooks | 2010-03-31 | 2010-03-31 | File type: PDF||2 of 4 people found the following review helpful.| Modern macroeconomic interpretation of Keynes|By ek|Roger Farmer constructs a new theory by merging Keynes's ideas into the modern macroeconomics framework. Keynes argued that the state of long term expectations determines the level of economic activity. Keynesian economics, however, lacks a microfoundation, which modern macroeconomics exploits. Farmer fills the gap and explor|||"This is an ambitious book. We need to develop new approaches to business cycles and unemployment. Roger Farmer's attempt is refreshing, insightful and bold."--Daron Acemoglu, Charles P. Kindleberger Professor of Applied Economics, MIT and Co-Editor of Ec
Expectations, Employment and Prices brings Keynesian economics into the 21st century by providing a new paradigm that explains how high unemployment could potentially persist forever without a little help from the government. The book fills in logical gaps that were missing from Keynes' General Theory of Employment Interest and Money by reconciling some of its key ideas with modern economic theory. Central bankers throughout the world are talking now ab...
You easily download any file type for your device.Expectations, Employment and Prices | Roger Farmer. Which are the reasons I like to read books. Great story by a great author.
