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Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has crea...

Exchange Rates and Global Financial Policies brings together research and work done by world-class economist Paul De Grauwe over the past two decad...

This book provides an alternative view of the workings of foreign exchange markets. The authors' modeling approach is based on the idea that agents...

In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large ...

The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what tha...