The nature of macroeconomics instability and change in the capitalist system
This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, w...
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar Pub
2000
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge pt. 1. The economics of indeterminacy -- pt. 2. A critique of macroeconomics -- pt. 3. Economics and practical reason |
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| Physical Description: | xi, 171 p |
| ISBN: | 9781840640694 1840640693 184064933X 9781840649338 9781843765332 |