國立高雄大學圖資館 |

Language: English

Back

Debates in macroeconomics from the Great Depression to the Long Recessioncycles, crises and policy responses /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Debates in macroeconomics from the Great Depression to the Long Recessionby Arie Arnon.
Reminder of title:	cycles, crises and policy responses /
Author:	Arnon, Arie.
Published:	Cham :Springer International Publishing :2022.
Description:	xxvi, 318 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Macroeconomics.
Online resource:	https://doi.org/10.1007/978-3-030-97703-0
ISBN:	9783030977030$q(electronic bk.)

Debates in macroeconomics from the Great Depression to the Long Recessioncycles, crises and policy responses /
Arnon, Arie.

Debates in macroeconomics from the Great Depression to the Long Recessioncycles, crises and policy responses /[electronic resource] :by Arie Arnon. - Cham :Springer International Publishing :2022. - xxvi, 318 p. :ill., digital ;24 cm. - Springer studies in the history of economic thought,2662-6101. - Springer studies in the history of economic thought..

This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early influential work of Knut Wicksell; the economic debates of the 1930s, with core contributions from John Maynard Keynes and Friedrich von Hayek; the rise of Keynesianism in the 1950s and its decline since the 1970s; the rise of Monetarism in the 1960s; and NCM's subsequent rise to prominence. Finally, the book outlines how macroeconomics has evolved from its birth in the 1930s as a theory separate from microeconomics, resulting in a split between macro- and micro-theories, and ended up with a new hegemonic paradigm based on microfoundations. The ensuing policy thinking witnessed a transformation from "active" macro-policy after the Great Depression to a far more "passive" macro-policy during the last quarter of the twentieth century, which may have contributed to missing the signs of the impending Long Recession of 2008. "When the 2008 crisis struck, macroeconomists were caught with models that were theoretically elegant yet inappropriate to the needs of the moment. A broader historical perspective may have prevented the jettisoning of Keynesian models that had proved useful in the past and might have done so again. This highly readable book by Arie Arnon is a wonderful antidote to economists' short time horizon and contributes mightily to restore the profession's "collective memory" of the diversity of ideas within macroeconomics." Professor Dani Rodrik, Harvard Kennedy School.

ISBN: 9783030977030$q(electronic bk.)

Standard No.: 10.1007/978-3-030-97703-0doiSubjects--Topical Terms:

183168
Macroeconomics.

LC Class. No.: HB172.5 / .A75 2022

Dewey Class. No.: 339

Debates in macroeconomics from the Great Depression to the Long Recessioncycles, crises and policy responses /
LDR:02843nmm a2200325 a 4500 001 620863
003 DE-He213
005 20220506131722.0
006 m d
007 cr nn 008maaau
008 221121s2022 sz s 0 eng d
020 $a 9783030977030$q(electronic bk.)
020 $a 9783030977023$q(paper)
024 7 $a 10.1007/978-3-030-97703-0 $2 doi
035 $a 978-3-030-97703-0
040 $a GP $c GP
041 0 $a eng
050 4 $a HB172.5 $b .A75 2022
072 7 $a KCA $2 bicssc
072 7 $a BUS069000 $2 bisacsh
072 7 $a KCA $2 thema
082 0 4 $a 339 $2 23
090 $a HB172.5 $b .A763 2022
100 1 $a Arnon, Arie. $3 509652
245 1 0 $a Debates in macroeconomics from the Great Depression to the Long Recession $h [electronic resource] : $b cycles, crises and policy responses / $c by Arie Arnon.
260 $a Cham : $b Springer International Publishing : $b Imprint: Springer, $c 2022.
300 $a xxvi, 318 p. : $b ill., digital ; $c 24 cm.
490 1 $a Springer studies in the history of economic thought, $x 2662-6101
520 $a This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It explores the road from the dominance of Keynesian ideas to those of New Classical Macroeconomics (NCM) toward the end of the millennium. The book covers the early influential work of Knut Wicksell; the economic debates of the 1930s, with core contributions from John Maynard Keynes and Friedrich von Hayek; the rise of Keynesianism in the 1950s and its decline since the 1970s; the rise of Monetarism in the 1960s; and NCM's subsequent rise to prominence. Finally, the book outlines how macroeconomics has evolved from its birth in the 1930s as a theory separate from microeconomics, resulting in a split between macro- and micro-theories, and ended up with a new hegemonic paradigm based on microfoundations. The ensuing policy thinking witnessed a transformation from "active" macro-policy after the Great Depression to a far more "passive" macro-policy during the last quarter of the twentieth century, which may have contributed to missing the signs of the impending Long Recession of 2008. "When the 2008 crisis struck, macroeconomists were caught with models that were theoretically elegant yet inappropriate to the needs of the moment. A broader historical perspective may have prevented the jettisoning of Keynesian models that had proved useful in the past and might have done so again. This highly readable book by Arie Arnon is a wonderful antidote to economists' short time horizon and contributes mightily to restore the profession's "collective memory" of the diversity of ideas within macroeconomics." Professor Dani Rodrik, Harvard Kennedy School.
650 0 $a Macroeconomics. $3 183168
650 1 4 $a History of Economic Thought and Methodology. $3 919316
650 2 4 $a Macroeconomics and Monetary Economics. $3 913170
650 2 4 $a Economic Policy. $3 274350
650 2 4 $a Economic History. $3 739985
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer Nature eBook
830 0 $a Springer studies in the history of economic thought. $3 858660
856 4 0 $u https://doi.org/10.1007/978-3-030-97703-0
950 $a Economics and Finance (SpringerNature-41170)