KEYNESIAN REFLECTIONS

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Author: TOSHIAKI HIRAI ET AL.
Publisher: Oxford University Press
ISBN-13: 9780198092117
Publishing year: 2013-03-15 05:30:00.000
No of pages: 352
Weight: 522g
Language: English
Book binding: Hardback

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The global financial crisis, which began in August 2007 and continues with no end in sight, has thrown macroeconomics into turmoil. This volume challenges the current mainstream macroeconomic tradition, rejecting the view that whatever shock hits the economy, the response is an automatic and rapid move towards market equilibrium that pulls the economy out of any kind of diffi cult situation.