{"product_id":"a-history-of-macroeconomics-from-keynes-to-lucas-and-beyond-paperback-9781107584945","title":"A History of Macroeconomics from Keynes to Lucas and Beyond (Paperback \/ softback) 9781107584945","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eA History of Macroeconomics from Keynes to Lucas and Beyond\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eThis book retraces the history of macroeconomics from Keynes's General Theory to the present.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMichel De Vroey (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781107584945, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 7 January 2016\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e446 pages, 35 b\/w illus.\u003cbr\u003e22.8 x 15.2 x 2.5 cm, 0.64 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'Michel De Vroey's interpretation of the history of macroeconomics through analysis of the most important macro models built and developed in the last decades, from Keynes's General Theory to the present days, is presented here.' Danilo Freitas Ramalho da Silva, The European Journal of the History of Economic Thought\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book retraces the history of macroeconomics from Keynes's General Theory to the present. Central to it is the contrast between a Keynesian era and a Lucasian - or dynamic stochastic general equilibrium (DSGE) - era, each ruled by distinct methodological standards. In the Keynesian era, the book studies the following theories: Keynesian macroeconomics, monetarism, disequilibrium macroeconomics (Patinkin, Leijongufvud and Clower), non-Walrasian equilibrium models, and first-generation new Keynesian models. Three stages are identified in the DSGE era: new classical macroeconomics (Lucas), RBC modelling, and second-generation new Keynesian modeling. The book also examines a few selected works aimed at presenting alternatives to Lucasian macroeconomics. While not eschewing analytical content, Michel De Vroey focuses on substantive assessments, and the models studied are presented in a pedagogical and vivid yet critical way.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction\u003cbr\u003e Part I. Keynes and Keynesian Macroeconomics: 1. Keynes's General Theory\u003cbr\u003e 2. Keynesian macroeconomics\u003cbr\u003e 3. The neoclassical synthesis program: Klein and Patinkin\u003cbr\u003e 4. Monetarism\u003cbr\u003e 5. Phelps and Friedman: the natural rate of unemployment\u003cbr\u003e 6. Leijonhufvud and Clower\u003cbr\u003e 7. Non-Walrasian equilibrium models\u003cbr\u003e 8. Assessment\u003cbr\u003e Part II. DSGE Macroeconomics: 9. Lucas and the emergence of DSGE macroeconomics\u003cbr\u003e 10. A methodological breach\u003cbr\u003e 11. Assessing Lucas\u003cbr\u003e 12. Early reactions to Lucas\u003cbr\u003e 13. Reacting to Lucas: first generation new Keynesians\u003cbr\u003e 14. Reacting to Lucas: alternative research lines\u003cbr\u003e 15. Real business cycle modeling: Kydland and Prescott's contribution\u003cbr\u003e 16. Real business cycle modeling: critical reactions and further developments\u003cbr\u003e 17. Real business cycle modeling: assessment\u003cbr\u003e 18. Second generation new Keynesian modeling\u003cbr\u003e Part III. A Broader Perspective: 19. The history of macroeconomics against the Marshall–Walras divide\u003cbr\u003e 20. Standing up to DSGE macroeconomics\u003cbr\u003e 21. Looking back, looking ahead.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economic history [\u003ca title=\"See our other books on Economic history\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economic%20history%20%5BKCZ%5D%22\"\u003eKCZ\u003c\/a\u003e], Political economy [\u003ca title=\"See our other books on Political economy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Political%20economy%20%5BKCP%5D%22\"\u003eKCP\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46001799823640,"sku":"9781107584945","price":37.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781107584945i.jpg?v=1696766392","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/a-history-of-macroeconomics-from-keynes-to-lucas-and-beyond-paperback-9781107584945","provider":"Freshly Printed Books","version":"1.0","type":"link"}