Macroeconomics in Question
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A01=Malcolm C. Sawyer
Actual Real Wage
Aggregate Supply Curve
alternative macroeconomic frameworks
Ante Supply
Author_Malcolm C. Sawyer
Average Unemployment Durations
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Current Real Wage
economic modeling
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Excess Demand
Excess Supply
inflation dynamics
Kalecki approach
Kaleckian Approach
Keynesian and monetarist approaches
Life Cycle Hypothesis
Lm Curve
Macro-econometric Model
macro-economics
modern capitalist economy
Monetarist Approaches
Money Supply
Muth Rational Expectations
Narrow Money
Negative Relationship
Net Worth
oligopoly theory
Price Marginal Cost Ratio
Quadrant Iii
rational expectations
Real Money Stock
Real Wage
Retained Earnings
Target Real Wage
Transactions Demand
undergraduate economics
Vice Versa
wage determination
Product details
- ISBN 9780873322188
- Weight: 540g
- Dimensions: 138 x 216mm
- Publication Date: 01 Jul 1982
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
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Originally published in 1982, this book has two central purposes. The first is to present a rather more critical view of the Keynesian and monetarist approaches to macro-economics than is usually found in major macro-economics text-books. The second is to present an alternative approach to macro-economics, derived in the main from the work of Michal Kalecki. It will become apparent below that the major difference between the conventional approaches to macro-economics and the Kaleckian one arises from a basic difference over the nature of a modern capitalist economy. The conventional approaches rest on a perfectly competitive view of the world whilst the Kalecki approach draws on an oligopolistic view. The book has been written to be accessible to undergraduate students of economics who have taken a basic second-year degree level course in macro-economics (as represented by text-books such as Branson, 1979; Gordon, 1981). Particularly in Chapters 2-4 a knowledge of conventional macro-economics is required. References are provided in the text and in footnotes for those wishing to pursue particular topics further. The book also contains much of interest for professional economists.
Malcolm C. Sawyer READER IN ECONOMICS, UNIVERSITY OF YORK
