{"product_id":"structuralist-and-behavioral-macroeconomics-hardback-9781009367325","title":"Structuralist and Behavioral Macroeconomics (Hardback) 9781009367325","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eStructuralist and Behavioral Macroeconomics\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eCritiques macroeconomic theories and presents empirically based alternatives rooted in behavioral, Keynesian and institutionalist traditions.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003ePeter Skott (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009367325, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 21 September 2023\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e398 pages\u003cbr\u003e25.1 x 17.6 x 2.7 cm, 0.84 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'What is unique is the catalogue of formalisations dealing with the issues Skott identifies and tackles in a formal way. … it certainly will stimulate Skott's stated objective of challenging macro theorists and modellers to re-examine their priors and conduct further research.' Cameron Gordon, The Economic Record\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eMainstream macroeconomics is founded on the idea of perfectly rational representative agents. Yet there is a growing realization that economic theories based on such agents are inadequate guides to real-world decision making. The behavioural evidence has had significant impacts on microeconomics but the same cannot be said of macroeconomics. This book is part of the movement to do for macroeconomics what behavioural thinking has done for microeconomics.  Using behavioural evidence and insights from Keynesian and institutionalist traditions, it presents an empirically grounded alternative to the paradigm that currently dominates macroeconomic theory. It highlights how dynamic interactions across markets can generate instability, endogenous cycles and secular stagnation. It fully engages with macroeconomic theory, provides a multi-faceted view that explains how and why it is time to rethink its foundations and offers a path forward.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e1. Introduction: the state of macroeconomics\u003cbr\u003e 2. The Lucas critique and representative agents\u003cbr\u003e 3. Household consumption and saving\u003cbr\u003e 4. Saving in a corporate economy\u003cbr\u003e 5. Phillips curves and the natural rate of unemployment\u003cbr\u003e 6. Fairness, money illusion and path dependency\u003cbr\u003e 7. Earnings inequality, power bias and mismatch\u003cbr\u003e 8. Macroeconomic adjustment and Keynes' instability argument\u003cbr\u003e 9. Growth and cycles\u003cbr\u003e 10. Endogenous growth cycles with or without price flexibility\u003cbr\u003e 11. Secular stagnation and functional finance\u003cbr\u003e 12. Concluding comments: evidence-based macroeconomics and economic theory\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52413992534296,"sku":"9781009367325","price":90.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009367325i.jpg?v=1784334445","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/structuralist-and-behavioral-macroeconomics-hardback-9781009367325","provider":"Freshly Printed Books","version":"1.0","type":"link"}