Title: Equilibrium, Expectations and Information: A Study of the General Theory and Modern Classical Economics
Abstract:This wide-ranging survey covers Keynes' analysis, the neoclassical synthesis interpretation and modern general equilibrium theory, the fixed price model literature, the rational expectations school an...This wide-ranging survey covers Keynes' analysis, the neoclassical synthesis interpretation and modern general equilibrium theory, the fixed price model literature, the rational expectations school and the Neo-Ricardians. Connections are made with Keynesian concerns throughout, but the author also attempts to characterize the approaches of the last two groups in general terms. In particular, the author focuses on the distinction between convergent and divergent expectations, and between what Keynes called a co-operative economy and an entrepreneur economy. This work should interest second and third-year undergraduates, graduate students and professional economists.Read More
Publication Year: 2019
Publication Date: 2019-05-07
Language: en
Type: book
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Cited By Count: 8
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