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Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960-1985
Christina Sauer
€ 127.46
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Description for Alternative Theories of Output, Unemployment, and Inflation in Germany: 1960-1985
Paperback. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 219 pages, 42 black & white tables, biography. BIC Classification: KCA. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 244 x 170 x 12. Weight in Grams: 401.
by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with the tenet of Keynesian economics that cyclical movemants in prices and output relative to their respective trends are positively correlated. A search occurred for a more satisfactory theory of macroeconomics which could explain the paradox of stagflation and the observed economic phenomena. The New Classical Economics (NCE) developed as the total rejection of Keynesian ... Read more
by Jerome L. Stein Disenchantment with Keynesian econollics developed during the post-1968 period when the rate of growth of output declined, the rate of unemployment rose, and the rate of inflation increased in the U.S. and in other countries. This paradox, called stagflation, was inconsistent with the tenet of Keynesian economics that cyclical movemants in prices and output relative to their respective trends are positively correlated. A search occurred for a more satisfactory theory of macroeconomics which could explain the paradox of stagflation and the observed economic phenomena. The New Classical Economics (NCE) developed as the total rejection of Keynesian ... Read more
Product Details
Format
Paperback
Publication date
1989
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
219
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
206
Place of Publication
Berlin, Germany
ISBN
9783540509080
SKU
V9783540509080
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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