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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Macrodynamics of Business Cycles

The Macrodynamics of Business Cycles

Dore, M. H. I.
Dore, Mohammed H. I.

Paperback

Economics

Currently unavailable to order

ISBN10: 1557863806
ISBN13: 9781557863805
Publisher: Blackwell Publ
Pages: 256
Weight: 0.91
Height: 0.66 Width: 6.08 Depth: 9.00
Language: English
This book is a comparative evaluation of the main theories of business cycles. The book begins with a brief statistical description of US business cycles and proposes criteria, in Part One, for the evaluation of the theories based on the observed empirical regularities. Part Two is a full exposition of the new Classical theories of business cycles, the Lucas monetary misperceptions approach, as well as the so-called real business cycle approach based on outside shocks to the economy. This is followed by a detailed treatment of the new Keynesian business theory based on price rigidities and market imperfections. Part Three begins with an introductory chapter on concepts of nonlinear dynamics used in the rest of the book. This is followed by theories that explain the business cycle as a feature inherent to free enterprise economies. Three models are considered: the Kaldor model, the non-Walrasian Benassy model and the Goodwin model of integrated growth and cycle.

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