Structuralist and Behavioral Macroeconomics by Peter Skott

Structuralist and Behavioral Macroeconomics by Peter Skott

Mainstream 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.

Peter Skott is Professor Emeritus at University of Massachusetts and Professor of Economics at Aalborg University. He has published widely in mainstream and heterodox journals on growth and development, business cycles, income distribution and financial instability. He is the author of the book Conflict and Effective Demand in Economic Growth.

SKU	Nicht verfügbar
ISBN 13	9781009367325
ISBN 10	1009367323
Titel	Structuralist and Behavioral Macroeconomics
Autor	Peter Skott
Buchzustand	Nicht verfügbar
Verlag	Cambridge University Press
Erscheinungsjahr	2023-09-21
Seitenanzahl	398
Hinweis auf dem Einband	Die Abbildung des Buches dient nur Illustrationszwecken, die tatsächliche Bindung, das Cover und die Auflage können sich davon unterscheiden.
Hinweis	Nicht verfügbar