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Contemporary Economic Science: Crisis or Progress?


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
The present monograph provides a comprehensive study of recent evolutions and future trends in economics, which is directed towards an ambitious objective: to assess the present state of economic science, particularly in the context of the global crisis. We set out to investigate the most important evolutions which marked economic theory and practice after World War II, and particularly during the past four decades. Theoretical progress has been significant, including such issues as: the micro foundations of macroeconomics, rational expectations, market-clearing models, market imperfections, monetary neutrality or business cycle theories. However, the impact of theoretical progress on policy has been rather low, as economists have not radically changed the way they analyze the economy. The analysis goes on to present the two main streams of thought that dominate current economic analysis ? the New Classical School and New Keynesian Economics. In light of recent evolutions, the natural conclusion is that economic science is not going through a crisis, but is rather experiencing periods of slow progress or stagnation, marked by economists' fervent searches for a new paradigm.
Product Specifications
SKU :COC12714
AuthorMonica Dobrescu
Number of Pages160
Publishing Year4/30/2012
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-17 00:00:00