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IS-LM and Modern Macroeconomics
. Ed(S): Young, Warren; Zilberfarb, Ben-Zion
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Description for IS-LM and Modern Macroeconomics
Paperback. Offers a distinction between pedagogical and analytical efficacy. This book argues for the use of IS-LM for modern policy analysis. Editor(s): Young, Warren; Zilberfarb, Ben-Zion. Series: Recent Economic Thought. Num Pages: 175 pages, biography. BIC Classification: KCB. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 234 x 156 x 11. Weight in Grams: 432.
IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those ... Read more
IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those ... Read more
Product Details
Format
Paperback
Publication date
2001
Publisher
Kluwer Academic Publishers United States
Number of pages
175
Condition
New
Series
Recent Economic Thought
Number of Pages
166
Place of Publication
Dordrecht, Netherlands
ISBN
9780792379669
SKU
V9780792379669
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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